US – China Trade Hope

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • China asks US to protect ‘Hard-Won’ results before Xi-Trump meeting.
  • Latest US-China trade truce leaves fundamental issues unresolved.
  • Fed’s divisions set to deepen when debate turns to further cuts.

MarketWatch:

  • Stock-market bulls are setting up markets for a big move – in either direction, says Citi.
  • Stock futures rise over optimism for US-China deal ahead of Trump-Xi meeting.
  • Soybeans futures are rising with Bessent saying China will buy ‘substantial’ amount.
  • Stock market faces midweek double whammy as Fed decision collides with megacap tech earnings.

yahoo! finance:

  • Flight delays pile up as shutdown eyes longest in history.
  • Amazon targets as many as 30,000 corporate job cuts.
  • Musk could leave Tesla if $1T pay plan is rejected, chair warns.
  • Copper nears record as US-China optimism adds to supply.

Ukrainian drone attack closes Moscow airports as Russian air defenses ‘battle to down devices’. Key earnings and Fed meeting on deck.

Global Indexes

S&P 500

The S&P 500 made another gap to a new high.

DAX

The DAX made another hammer candle, unsure about direction.

HANG SENG

The HANG SENG broke resistances with a positive move.

NYSE & NASDAQ Stocks

Alphabet Inc

GOOG made a gap to close at a new high.

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NVIDIA Corporation

NVDA also gained with a gap to close near top resistance.

JSE Stocks

JSE All Shares

The JSE All Shares closed negative after the hammer candle.

Gold Fields Ltd

Gold shares are pulling the index down with GFI dropping the most to close below its 50 DMA.

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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