TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- China’s factory activity returns to growth as exports boom.
- UK growth outlook brightens after US-Iran truce lowers oil costs.
- EU and China trade chiefs meet amid overcapacity concerns.
MarketWatch:
- Dow, S&P 500 and Nasdaq climb after US and Iran agree to stop fighting over Strait of Hormuz.
- ‘Magnificent Seven’ slump sent momentum stocks to their fourth-worst performance in 22 years.
- SpaceX’s new $11 billion AI pipeline is a ‘saving grace’ – but it comes with a big catch.
- Tesla’s stock rips higher after a long-awaited update to self-driving technology.
yahoo! finance:
- Oil rises as US and Iran set to halt attacks following flare-up.
- Supreme Court rejects Trump’s effort to fire Fed’s Cook.
- China’s Nexchip Semiconductor seeks up to $890.3 million in Hong Kong share sale.
SpaceX’s new bonds are flashing a warning sign, as investors pump the brakes on AI frenzy. Iran humiliates Trump, declares talks not happening after president claims they’re crawling back.
Global Indexes
S&P 500
The S&P 500 lifted its head to close above its EMA8 line.
DAX
The DAX still managed to close above its 50 DMA support.
HANG SENG
The HANG SENG is showing the first signs of a turn – not convincing yet.
NYSE & NASDAQ Stocks
Tesla Inc
TSLA closed above its 50 DMA but still below its 200 DMA resistance with its 8.5% gain.
Alphabet Inc
Alphabet is now part of the DOW and showing signs of a turn with divergence in place (purple lines).
JSE Stocks
JSE All Shares
The JSE All Shares remains uncertain with a long-legged doji in semi-oversold territory.
BRENT
BRNT has dropped to $73 a barrel, below its 200 DMA support. Notice the double top at $115 creating the reverse W shape.
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.
