S&P 500 ‘melt-up’ Intensifies

TAGS: Technical Analysis Software

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News in Brief

  • Gilts drop as calls grow for UK Prime Minister to step down.
  • Jerome Powell exits with legacy as the Fed Chair who fought back.

MarketWatch:

  • There’s a new top target for the S&P 500 as ‘melt-up’ intensifies.
  • Stocks are hitting record highs even as Iran war drags on. How long can it last?
  • Stocks tick higher, while oil spikes on another rejected Iran peace proposal.
  • The investor who backed Nvidia in 2016 and a memory-chip maker in 2024 now has a third conviction call.

yahoo! finance:

  • US stock futures edge up as Wall Street braces for CPI report.
  • Wall Street pauses after record run as US-Iran talks stall.
  • Oil climbs as Hormuz stays shut after Trump rebuffs Iran’s offer.
  • Oil extends gain as Trump casts doubt over ceasefire with Iran.

Stocks muted as Trump rejects Iran response to deal. Trump says US-Iran ceasefire on ‘massive life support’.

Global Indexes

S&P 500

The S&P 500 extended its positive trend.

DAX

The DAX made an uncertain doji with zero movement.

HANG SENG

The HANG SENG touched its EMA8 line support and is moving positively today.

NYSE & NASDAQ Stocks

Micron Technology Inc

MU made an astonishing move of 86% the past month. Notice the gap (exhaustion?) and doji close.

NVIDIA Corporation

NVDA is lagging the other big tech movers with its 15%. It is however still Morgan Stanley’s top tech choice and is the last still to report earnings.

JSE Stocks

JSE All Shares

The JSE All Shares remains uncertain with a high wave candle on its 50 DMA support.

BRENT

As the Hormuz closure uncertainty continuous, so does the price of BRNT with a doji.

Algomodel Strategies, Education & Features

Click on Education or go to the home page to view education posts.

Frontrunner, Gaps, Trend and Cyclic Indicators are explained in these education posts.

All stock graphs are shown with a Trend Candles Template which is a feature available in Algomodel Signals Pro.

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