TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- China broadens market rescue with record inflows into tech ETF.
- Chinese AI sensation Moonshot’s gamble on big models pays off.
- British Airways continues to face Boeing, Airbus delivery delays.
- Hormuz crisis flares just as fuel markets tighten.
MarketWatch:
- Wall Street’s AI divide: The bull and bear cases for what comes next for the stock market.
- Cheap Chinese AI models could actually be a boon for Nvidia, Micron and other chip stocks.
- Inflation is broadening out, says Goldman Sachs economist.
- It’s time to retire the Magnificent Seven as a stock-market talking point, say strategists.
yahoo! finance:
- Trump announces 50% tariffs on Canadian autos, dairy, and alcohol.
- Trump vows Iran ‘will pay’ for US deaths as mediators push truce.
- Bristol Myers buys Nvidia’s latest AI system for drug research.
- Microsoft’s 4,800 layoffs mask the real reason behind its $1.2T market slide.
Ukraine pounds Moscow region with swarm of 400 drones in ‘biggest attack of the war’.
Global Indexes
S&P 500
The S&P 500 closed two days below its 50 DMA support. Current futures indicate that it could open above it again.
DAX
Similar for the DAX.
HANG SENG
The HANG SENG has now closed two days above its 50 DMA support, extending its positive rally.
NYSE & NASDAQ Stocks
Alibaba Group Holding Ltd
BABA broke its 50 DMA resistance with a gap.
Microsoft Corporation
MDFT just managed to lift its head above its 50 DMA resistance.
JSE Stocks
JSE All Shares
The JSE All Shares closed on its 109000 major support still moving negatively.
BRENT
BRNT just managed to close above its 50 DMA with a doji in extreme overbought territory (FXC2=100).
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.
