TAGS: Technical Analysis Software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- US stock futures drop with tech earnings in focus.
- Bond yields fall as weak data bolster Fed-cut bets.
- Japan shares recoup tariff-linked losses aided by Toyota gains.
MarketWatch:
- Trump’s first 100 days in office are worst for stock market in half a century.
- White House blasts Amazon over reported plan to display tariff impact on prices.
- Are China and Us negotiating tariffs? Treasury’s Bessent declines to comment.
- UPS to cut 20,000 jobs, close dozens of buildings due to lower Amazon volumes.
yahoo! finance:
- Trump: ‘I have a Fed person who is not really doing a good job’.
- Xi tries to turn world against US as Trump cuts trade deals.
- US goods trade deficit widens sharply in March.
- Coca-Cola posts earnings surprise, calls tariffs ‘manageable’.
The Us consumer confidence slides for the 5th straight month to levels not seen since the onset of the COVID-19 pandemic.
Global Indexes
S&P 500
As the S&P 500 is nearing its 50 DMA resistance it is moving into overbought territory.
DAX
The DAX is moving into extreme overbought territory as it extends its rally.
HANG SENG
The HANG SENG is very unsure about its next move with 5 small body candles next to each other.
NYSE & NASDAQ Stocks
The Coca-Cola Co
KO made an engulfing bull candle with excellent results after correcting from top resistance.
Walt Disney Co
DIS also made an engulfing bull candle with 16 analysts recommending it as a strong buy.
JSE Stocks
JSE All Shares
The JSE All Shares is extending its rally above top resistance.
Anglo American PLC
AGL is hesitating at its two major resistances, its 50 & 200 DMA’s, with an inverted hammer candle in 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.
