TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Inside the crisis at a $220 billion African fund manager.
- EU makes limited concessions on banking rules.
- China warns of severe flood risks, heat waves through mid-August.
MarketWatch:
- S&P 500, Nasdaq fall as tech struggles; Dow wavers.
- The US stock market is looking like a rubber band ready to snap.
- Retail sales get boost from car buyers and Amazon Prime Day. Economy hasn’t lost its mojo.
- Oil is facing a supply crunch – and the war in Iran isn’t the only problem.
yahoo! finance:
- SpaceX suddenly aborts first test flight since IPO, stock stumbles.
- Eli Lilly to buy psychedelic drugmaker for up to $3.8B.
- Iran-US skirmishes worsen as Hormuz shipping traffic dwindles.
- Chip stocks slide after TSMC earnings.
The US oil reserve is at a 40-year low – but the government says there’s still plenty of breathing room.
Global Indexes
S&P 500
The S&P 500 corrected but still managed to close above its EMA8 line.
DAX
The DAX made a long-legged hammer candle on its 50 DMA support.
HANG SENG
The HANG SENG closed above its 50 DMA resistance only to dip back below it this morning.
NYSE & NASDAQ Stocks
Space Exploration Technologies Corp
SPCX has now dipped below its IPO price of $135 after reaching a high of $225.
Deere Company
DE bounced on its 50 DMA support after its correction.
JSE Stocks
JSE All Shares
The JSE All Shares is still uncertain on support with a long-legged doji this time.
Sasol Ltd
The Hormuz saga is supporting Sasol gaining 7.9% for the week.
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.
