TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- EU weighs rule to force companies to diversify away from China.
- Colombian inflation accelerates to fastest pace since 2024.
- Goldman Sachs no longer expects Fed interest-rate cut this year.
MarketWatch:
- S&P 500 sees $1.8 trillion wipeout, while Nasdaq tallies biggest point drop ever.
- First Google, now Meta? Big Tech may increasingly sell stock to bankroll $820 billion AI boom.
- Stocks losing ground after strong jobs report as Treasury market comes to terms with likelihood of Fed rate hike.
- Trump White House touts strong job report but insists the Fed doesn’t need to lift rates.
yahoo! finance:
- Wall Street’s hottest trade is cracking.
- Tech leads stock slide amid jobs report.
- The AI labor shock is starting to show up in layoff data.
- The Microsoft-OpenAI relationship continues to crumble.
US Jobs report smashes expectations with payroll growth of 172,000. Chip stocks erased more than $1 trillion on Friday. Trump vows to bring American boots on the ground in Iran if a deal isn’t struck.
Global Indexes
S&P 500
Tech stocks took the S&P 500 down with them.
DAX
The DAX was still hanging on its EMA8 line with an inverted hammer candle.
HANG SENG
The HANG SENG continued its correction.
NYSE & NASDAQ Stocks
Micron Technology Inc
MU gave 3 turning candles with a P2 Power Signal before the 13.3% selloff.
Enphase Energy Inc
ENPH made a 18% drop. Notice that the P2 Power Signal was given on the long-legged doji.
JSE Stocks
JSE All Shares
The JSE All Shares also continued its correction.
Valterra Platinum Ltd
VAL broke important support with its 8.5% drop.
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.
