TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Stocks advance to record on Fed rate-cut bets.
- Billions wiped out as software sinks on AI disruption fear.
- Japan’s Nikkei hits record high on tariff relief, tech rally.
MarketWatch:
- Trump says the Fed should cut interest rates. Bessent says this is by how much.
- As the S&P 500 ends above 6,400 for the first time.
- Dow, S&P and Nasdaq posted early gains as CPI report matches economists’ consensus forecast.
- Trump axtends trade truce with China.
yahoo! finance:
- Tariffs bring in record $27.7B in July.
- US deficit jumps nearly 20% in July despite tariff revenue surge.
- CPI reading creates fresh dilemma for Fed.
Wall Street is ‘happy’ with CPI, but tariff anxiety will continue.
Global Indexes
S&P 500
The S&P 500 closed above 6400 top resistance for the first time.
DAX
The DAX was still sitting on EMA8 line and 50 DMA support.
HANG SENG
The HANG SENG was still moving sideways yesterday on support, but lifted off support this morning.
NYSE & NASDAQ Stocks
Meta Platforms Inc
META broke the flag it was forming upwards.
Builders FirstSource Inc
BLDR made the strongest move in another attempt to break resistance.
JSE Stocks
JSE All Shares
The JSE All Shares is following global markets higher.
Sasol Ltd
Sasol used its 200 DMA as a launching platform to gain 9.7%.
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.
