TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- ECB’s Escriva says energy disruption will persist despite deal.
- China’s finance chiefs take center stage as economy stalls.
- Japan’s trade balance swings to deficit as Yen inflates imports.
MarketWatch:
- Overnight price spike sees SpaceX overtake Amazon as America’s fifth-largest company.
- SpaceX’s massive valuation may soon become its own worst enemy.
- Investors pile into moonshot SpaceX bets as first-day options trading shatters records.
yahoo! finance:
- US stock futures edge up as Wall Street braces for Fed rate decision.
- Micron and Sandisk shares are phenomenally ‘overbought’.
- Robinhood is cutting 10% of its jobs to keep a ‘high performance culture’.
- SpaceX’s $60B Cursor deal is all about becoming an AI contender.
Are memory stocks flying too close to the sun?.
Global Indexes
S&P 500
Some profit taking stepped in at the S&P 500 closing lower.
DAX
The DAX made an inverted hammer candle with its profit taking.
HANG SENG
The HANG SENG resumed its downward trend to close below its EMA8 line.
NYSE & NASDAQ Stocks
Space Exploration Technologies Corp
SPCX remains the news of the day. After a 66.2% gain after its IPO profit taking stepped in with a long-legged small body candle.
JPMorgan Chase Co
JPM is moving into overbought territory as it nears top resistance and analyst’s average price target.
JSE Stocks
The JSE was closed for a public holiday.
JSE All Shares
The JSE All Shares also followed global markets higher to close on its 50 DMA after breaking its 200 DMA resistance.
Impala Platinum Holdings Ltd
IMP is gaining from a very low base. All its resistances are waiting above.
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.
