Selloff

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • Asian shares drop, treasuries steady after selloff.
  • Stocks get hit as weak treasury sale boosts yields.
  • Oil rises on Israel-Iran report.

MarketWatch:

  • Stocks tumble as weak bond-market auction has investors wondering how US will manage its debt.
  • Dow logs worst day in a month.
  • Trump’s policies could dethrone ‘king dollar’ and make euro great again.

yahoo! finance:

  • White House says failure to pass tax bill would be ‘ultimate betrayal’.
  • UnitedHealth’s plunge stunned Wall Street.
  • US-China tensions over chips put trade truce at risk.

Donald Trump is now receiving disapproving marks on nearly every key issue.

Global Indexes

S&P 500

After the doji we had a selloff on the S&P 500.

DAX

The DAX extended its rally deeper into overbought territory.

HANG SENG

The HANG SENG made a small body candle followed by a drop this morning.

NYSE & NASDAQ Stocks

Mastercard Inc

After the long-legged doji MA took the correction path to close below its EMA8 line. The P2 Power Signal warning was confirmed.

Microsoft Corporation

MSFT is giving a P2 Power Signal in extreme overbought territory. We show the divergence in place with the purple lines.

JSE Stocks

JSE All Shares

The platinum and oil prices are driving the JSE All Shares higher.

Northam Platinum Holdings Ltd

NPH just marginally outperformed Implats with its 7.8% gain. It broke important resistance and Frontrunner is supporting the move.

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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