TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- China urges US to avoid ‘Red Lines’ after reaching trade truce.
- Nvidia races Mobileye and Qualcomm to get Robotaxis humming.
MarketWatch:
- AMD earnings: Chip maker’s profits and outlook beat Wall Street’s expectations.
- Government shutdown is now the longest ever as damage to economy piles up.
- Trump suggests the stock market may fall if the Supreme Court throws out his tariffs. Is he right?
yahoo! finance:
- Trump’s tariffs head to the Supreme Court.
- Dow, S&P 500, Nasdaq futures sink after tech sell-off, AMD slides.
- Nasdaq leads US stock retreat as rally doubts creep in.
All global markets are correcting as technology stocks struggle amid risk-off mood.
Global Indexes
S&P 500
The S&P 500 corrected 1.2% to close below its EMA8 line.
DAX
The DAX correction took it below is 50 DMA support, still hanging on it.
HANG SENG
The HANG SENG also closed below its 50 DMA support.
NYSE & NASDAQ Stocks
Palantir Technologies Inc
PLTR corrected 8.1% to close with an uncertain high wave candle.
Advanced Micro Devices Inc
AMD is also uncertain about the correction that started with a doji. We do have divergence in place (purple lines).
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower to close just above its 50 DMA support.
Impala Platinum Holdings Ltd
IMP continued its correction to close below its positive trend line.
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.
