Trumps Latest Trade Salvo

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • US futures fall, Dollar rallies in sign of caution.
  • Billionaire investor Tepper lifts China bet, undaunted as stimulus-fueled rally fades.
  • Chinese investors drive Hong Kong rally wit $19 billion inflow.
  • Dollar, Gold rise after Trump’s latest trade salvo.

MarketWatch:

  • Apple may get the ‘last laugh’ in AI as rivals double down on spending craze.
  • Trump’s steel and aluminum tariffs didn’t rattle markets. Blame investor fatigue.
  • On earnings calls, executives are trying to figure out Trump’s tariffs.
  • Steel stocks cheer Trump’s tariffs as companies combat ‘unfairly priced’ imports.

yahoo! finance:

  • Trump orders 25% tariffs on steel, aluminum in evolving trade war.
  • Dow, S&P 500, Nasdaq futures slide as Trump orders new tariffs.
  • Trump administration seeks urgent end of ‘impermissible’ court order blocking access to Treasury system.
  • Trump administration orders consumer protection agency to stop work, closes building.

It is all about Trump. Who can guess what comes next? Traders brushed aside tariff threats and made stocks climb.

Global Indexes

S&P 500

Although the S&P 500 had a positive day, notice how the EMA8 line is moving sideways with all the volatility.

DAX

The DAX also had a positive day, closing against top resistance.

HANG SENG

The HANG SENG is still extending its positive trend moving into extreme overbought territory.

NYSE & NASDAQ Stocks

Halliburton Company

HAL gave a P2 Power Signal after its correction. Average price target by analysts is $34.

NVIDIA Corporation

NVDA is still climbing ahead of its earnings, now touching its 50 DMA.

JSE Stocks

JSE All Shares

The JSE All Shares followed global markets to close on its top resistance.

Naspers Ltd

The graph of NPN is similar to the Hang Seng, closing with a doji and a gap in extreme overbought territory.

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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