TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Nasdaq hits highs as Apple has been week since ’20.
MarketWatch:
- Nvidia and AMD reportedly will give US government 15% of their China chip revenues.
- Trump’s clash with Intel’s CEO isn’t just politics – It’s a crucial test for US chip manufacturing.
- Is Apple making the same mistakes Blackberry did?
- Investors are wrong not to worry about tariffs.
yahoo! finance:
- Nvidia’s ‘most underappreciated’ business is taking off.
- Trump: Ruling against tariff authority ‘would be 1929 all over again’.
- Intel’s CEO already had big problems. Trump just gave him a new one.
- China’s July factory-gate prices miss forecast, deflation concerns persist.
- OpenAI’s GPT-5 met with mixed reviews, confusion in first day. [Not a listed company]
The nomination of Stephen Miran, a Trump administration official, has clear implications for the Fed’s policy decisions. We have another inflation report this week.
Global Indexes
S&P 500
The S&P 500 closed at 6389, just below its 6400 top resistance.
DAX
The DAX stalled with an uncertain doji close to its top resistance.
HANG SENG
The HANG SENG is moving sideways around its EMA8 line resistance.
NYSE & NASDAQ Stocks
Palantir Technologies Inc
PLTR was the winner this week with a 21.2% gain that broke top resistance with a breakaway gap.
Bank of America Corp
After a double top BAC corrected into oversold territory. It made a piercing candle with Frontrunner breaking up and MACD changing colour.
JSE Stocks
JSE All Shares
The JSE All Shares is inching higher with a high wave candle.
Sappi Ltd
After a long-legged hammer candle SAP is trying to break its long 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.
