TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- China factory activity returns to expansion as outlook brightens.
- Lagarde paints darkening picture of inflation in Europe.
- Data Centers create $3 billion opportunity for catering giants.
- Smart Ring Maker Oura becomes latest company to delay US IPO.
MarketWatch:
- Traders expecting back-to-back rate hikes from the Fed may have gotten ahead of themselves.
- Microsoft’s stock is on track to post its biggest quarterly gain in 28 years.
- Micron has a chance to set the record straight with its earnings report.
- A month ago, JPMorgan team urged caution on stocks. Now it’s going all in on tech.
yahoo! finance:
- Micron may be sitting on a ‘substantial’ surprise.
- Trump gathers AI leaders, floats ‘self-regulation’ to manage AI risk.
- Abu Dhabi’s crown prince is spending billions to bypass Hormuz.
- Decline in tourism hits US economy.
“We were shocked”: US ambassador reveals Ramaphosa’s response to Trump’s demands. Bozell said the lack of a meaningful response contributed to the United States imposing visa restrictions on specific South Africans and could lead to further measures.
Global Indexes
S&P 500
The S&P 500 is correcting, closing below its short term EMA8 line but still above its 50 DMA (dark blue).
DAX
The DAX now has 4 uncertain candles next to each other on its EMA8 line. They are all turning candles.
HANG SENG
Similarly, the HANG SENG has 3 turning candles next to each other. The latest one is a hammer candle.
NYSE & NASDAQ Stocks
Meta Platforms Inc
META’s correction took it into neutral area with a bounce on its positive trend line.
Microsoft Corporation
Although MSFT is boasting about its 46.6% quarterly growth, it is building a strong top resistance at $513 that has now been touched 7 times. The latest touch is in semi-overbought territory similar to the previous touches.
JSE Stocks
JSE All Shares
The JSE All Shares made an inverted hammer candle on support, similar to global markets with uncertainty about the next move.
Spar Group Ltd
SPP was in extreme overbought territory after breaking its 50 DMA. It bounced down below its 50 DMA into neutral territory below its 50 DMA.
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.
