TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Microsoft’s surging cloud sales show AI spending paying off.
- Alphabet’s revenue miss reignites fears over AI spending binge.
- US hits Chinese trailers with tariffs to aid domestic producers.
- New US data centers projected to emit more carbon than all of Mexico.
- OpenAI plans to buy Google’s chips as part of its AI build-out.
MarketWatch:
- US oil-refinery stocks are up roughly 150% this year. How long could this historic run last?
- Fed meeting: Hot inflation keeps pressure on Warsh over next interest-rate hike.
- The AI boom is starting to break time-tested stock-market signals.
yahoo! finance:
- Fed holds rates in split vote as inflation sticks.
- The stock market’s best 6 months of the year start Monday.
- SK Hynix profit jumps 632%, sees shortage lasting to 2030.
- Google, Microsoft, and Amazon have to justify the AI spending boom this week.
Trump says Putin-Zelensky meeting to end war will happen very soon.
Global Indexes
S&P 500
The S&P 500 closed with a high wave candle amid uncertainty.
DAX
The DAX managed to stay above its 50 DMA.
HANG SENG
The HANG SENG remains uncertain with a doji.
NYSE & NASDAQ Stocks
Oracle Corporation
ORCL launched past its 50 DMA with a 10.7% gain.
Micron Technology Inc
MU made a breakaway gap to close on its 50 DMAresistance.
JSE Stocks
JSE All Shares
The JSE All Shares shows uncertainty with a long-legged doji.
Impala Platinum Holdings Ltd
IMP made 3 uncertain turning candles next to each other on important support.
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.
