TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Tech stocks rise in Asia, Nasdaq futures rebound.
- Fed minutes show majority of FOMC saw inflation as greater risk.
- AQR’s ‘Hard to Believe’ study spurs clash over AI use for Quants.
MarketWatch:
- Fed officials see inflation just around the corner.
- EVs put Ford and other automakers at a crossroads: Who will innovate the assembly line of the future?
- Meta reportedly freezes its AI ree amid wider restructuring.
- Dow, S&P 500 and Nasdaq set for lower as rotation out of big tech continues.
yahoo! finance:
- Fed governor Cook responds after Trump says she ‘must resign’: ‘I have no intention of being bullied.’
- Trump says Fed governor Lisa Cook ‘must resign’.
- Investors pull back from tech as AI bubble fears mount.
- SpaceX’s expensive Starship explosions are starting to add up.
- Estee Lauder stock falls as quarterly losses and outlook miss expectations.
The pressure campaign on central bank continues by Trump. US futures rebound after selloff.
Global Indexes
S&P 500
The S&P 500 made a hammer candle (turning) on our positive trend line.
DAX
The DAX closed uncertain on its EMA8 line.
HANG SENG
The HANG SENG also bounced on its positive trend line to close on its EMA8 line.
NYSE & NASDAQ Stocks
Estee Lauder
EL missed earnings and forecasts and closed with a high wave candle below its trend line, but still above its 50 DMA.
Mastercard Inc
MA continued its positive trend to close just below top resistance.
JSE Stocks
JSE All Shares
The JSE All Shares also made a hammer candle awaiting global moves.
Anglo American PLC
AGL is also uncertain about direction with a long-legged doji after the inverted hammer candle.
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.
