TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Beyond chips, IMF sees AI wealth boom adding to inflation risks.
- AI is already reshaping US politics at every level.
- Trump’s troop withdrawal leaves Germany’s base towns in limbo.
MarketWatch:
- Tech stocks just had one of their worst weeks in a year.
- US confirms retaliatory strike on Iran, pushing oil prices higher after hours.
- ServiceNow, Salesforce and other software stocks surge as the OpenAI threat weakens.
- Micron is about to be more profitable than any US company but Nvidia and Google.
yahoo! finance:
- US stock futures climb after halt on US strikes in Iran.
- US strikes Iran in response to Strait of Hormuz ship attack.
- The AI boom now has a price tag – and Micron just sent the bill.
- Trump threatened 100% tariffs on Europe. Nobody flinched.
AI’s most explosive hardware trades have hit a wall. Optical and memory stocks are falling. Trump threatens there will be ‘no more Iran’ after US ceasefire crumbles.
Global Indexes
S&P 500
The S&P 500 is hanging on 50 DMA support with zero movement.
DAX
The DAX also wants to test its 50 DMA support.
HANG SENG
The HANG SENG made a gap with its latest correction – could this be its exhaustion gap in extreme oversold territory? It is currently trading +1.85% higher than its previous close.
NYSE & NASDAQ Stocks
Microsoft Corporation
MSFT made a bounce on important support enjoying near-unanimous Wall Street support. Notice the P2 Power Signal and high volume.
Eli Lilly and Co
LLY jumped after the European Medicines Agency’s committee for human medicines backed its cancer drug. Top resistance is broken with high volume.
JSE Stocks
JSE All Shares
The JSE All Shares is hesitating about a new direction.
Impala Platinum Holdings Ltd
IMP stalled with the index with a doji. Notice the P2 power signal highlighting divergence.
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.
