Trump signs ‘big, beautiful bill’

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • Stock futures slide as tariff deadline draws near.

MarketWatch:

  • Oil prices fall as OPEC+ ramps up production.
  • Stock futures decline as tariffs to take effect Aug. 1.
  • The odds of a September Fed rate cut look high after June jobs report – but it may be a tough call for Powell.

yahoo! finance:

  • US stock futures fall as Trump targets August 1 for country-specific tariffs.
  • Trump signs ‘big, beautiful bill’ into law in White House ceremony.
  • Trump to start notifying countries of tariffs up to 70%.
  • US stock futures fall after latest Trump tariff salvo.

The tariff deadline is around the corner while Trump’s ‘big, beautiful bill’ is signed into law. US Congress proposes sanctions against South Africa over Israel case.

Global Indexes

S&P 500

The S&P 500 is still powering ahead with a gap.

DAX

The DAX is very uncertain about the next direction with 3 small body, turning candles, next to each other. Still above its EMA8 line and 50 DMA support.

HANG SENG

Also uncertainty for the HANG SENG below its EMA8, but above its 50 DMA line with a long-legged doji.

NYSE & NASDAQ Stocks

NVIDIA Corporation

NVDA is edging higher towards the most valuable company in history.

Amazon.com

AMZN made a J-curve on its break line to head towards top resistance.

JSE Stocks

JSE All Shares

The JSE All Shares is on its top resistance with a hammer candle.

Impala Platinum Holdings Ltd

We are showing the weekly chart of IMP for you to see its current price in relation to its previous high in 2021 & 2022. Notice that it broke an important strong resistance.

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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