Bounce on Trade Hopes Collapsed

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • Stocks, Treasuries drop as tariff deadline nears.
  • Stocks hit by wild volatility on US-China threats.
  • India funds buy near-record shares amid Monday’s global meltdown.
  • Stocks rally most since 2022 on trade deal hopes.

MarketWatch:

  • S&P 500’s rebound bid collapses in biggest U-turn since at least 1978.
  • Dow up 1,400 points as US stocks bounce back with market anxiety over Trump’s trade war dissipating.
  • Wall Street’s S&P 500 targets are still predicting a big rally, even after a flurry of cuts.
  • Don’t expect Jeromy Powell to ride to the rescue of financial markets.

yahoo! finance:

  • US stock futures drop with Trump’s massive tariffs set to go into effect.
  • Trump says US will soon announce tariffs on pharmaceutical imports.
  • US to hike tariffs on China to 104% starting today.
  • Stocks soar on trade hopes.
  • Musk calls Trump adviser Navarro ‘moron’ as tariff feud escalates.

Markets are wrestling with a Trump tariff mystery. Investors can’t shake tariff jitters.

Global Indexes

S&P 500

The S&P 500 bounce collapsed with the US-China tariff war.

DAX

The DAX maintained its bounce.

HANG SENG

The HANG SENG is trying to settle on its 200 DMA support with a long-legged doji.

NYSE & NASDAQ Stocks

Alibaba Group Holdings Ltd

BABA is nearing its 200 DMA support in deep oversold territory.

Amazon.com Inc

The intra-day turn-around can also be seen on the graph of AMZN.

JSE Stocks

JSE All Shares

The JSE All Shares was still following the bounce of the US and closed when the turn-around came.

Nampak Ltd

NPK made the biggest bounce with its 7.5% gain, still in a negative trend.

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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