TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Russia gushes crude exports as drone strikes hobble refineries.
- China services activity picks up in May on holiday boost.
- EU moves to strengthen tech base to counter US and China.
MarketWatch:
- The Iran war is jacking up fertilizer prices and forcing farmers to make tough calls: ‘If I guess wrong, I could lose the farm’.
- Alphabet asks shareholders to foot an $80 billion bill for AI expansion.
- Many big oil tankers remain stuck in the Strait of Hormuz – and may not return once they escape.
yahoo! finance:
- Marvell surges after Huang calls it ‘next trillion-dollar company’.
The S&P 500’s rebound looks a lot thinner once AI enablers are stripped out.
Global Indexes
S&P 500
The S&P 500 is still inched higher into overbought territory.
DAX
The DAX made another long-legged high wave candle. It now has 4 uncertain candles next to each other.
HANG SENG
The HANG SENG strong move to close on its 200 DMA resistance. It bounced down this morning.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVDA stalled with a high wave candle as it nears top resistance.
Alibaba Group Holdings Ltd
BABA made a breakaway gap to close on its 50 DMA resistance.
JSE Stocks
JSE All Shares
The JSE All Shares made a piercing candle to close above its 200 DMA support.
Naspers Ltd
NPN made a breakaway gap that broke its long-term negative trend line.
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.
