AI Stocks Dumping

TAGS: Technical Analysis Software

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News in Brief

  • Trump muses on future Iran strike with ‘Mother of all Bombs’.
  • Taiwan to fund $4 billion Texas complex for AI, Nvidia partners.
  • Meta releases Open AI model while keeping its best tech closed.

MarketWatch:

  • Nvidia and other chip stocks face renewed pressure as AI fears swell.
  • A midterm sweep by Democrats could turn this tech selloff into a tech crash.

yahoo! finance:

  • Tesla unveils Roadster featuring compressed air thrusters for limited flight.
  • Asian stocks rise as tech bounces from route, eyes on Warsh.

Investors dumping AI stocks are turning to the relative safety of government bonds and defensive sectors.

Global Indexes

S&P 500

The S&P 500 made a piercing bounce on its 50 DMA support.

DAX

The DAX made an engulfing bull candle after the 3 uncertain candles.

HANG SENG

The HANG SENG made another high wave candle lower down.

NYSE & NASDAQ Stocks

Boeing Co

BA made a P2 Power Signal with divergence in place to warn about a turn.

Eli Lilly and Co

LLY made a gap towards top resistance. Frontrunner is warning that top resistance might get broken.

JSE Stocks

JSE All Shares

The JSE All Shares made an engulfing bull candle to trend positively.

Impala Platinum Holdings Ltd

IMP made a piercing candle with divergence in place for a turn.

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.

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