TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Fed holds rates as window for another Powell cut begins to close.
- Trump deepens Dollar woes, brushing off concerns about slump.
- EU grows wary of a growing reliance on US energy.
- Germany sees economy reviving with government-spending boost.
MarketWatch:
- Tesla earnings come with a massive spending forecast as Musk moves further beyond cars.
- Meta’s stock surges as earnings , outlook beat Wall Street expectations.
- Amazon will cut 16,000 jobs, adding to the tech sector’s new wave of layoffs.
- Microsoft can prove the doubters wrong this earnings season.
- Everyone’s looking for political fireworks from Powell’s press conference.
yahoo! finance:
- Meta surges after earnings beat as it plans $135B AI spending spree.
- Fed set to hold rates as tension grips Powell’s final month.
- Gold hits record above $5,300 after Trump’s dollar comments.
- Germany trims this year’s growth to 1% as its economy is slow to gather pace.
- Starbucks sales jump as Coffee Customers return.
Nasdaq jumps at opening on surging tech optimism ahead of Meta, Microsoft and Tesla earnings.
Global Indexes
S&P 500
The S&P 500 tried to break top resistance, only to close unchanged.
DAX
The DAX is still hanging around its EMA8 resistance with a hammer candle.
HANG SENG
The HANG SENG smashed its top resistance with a 2.6% gain.
NYSE & NASDAQ Stocks
Meta Platforms Inc
META was still hesitating at its 200 DMA resistance as earnings was only reported after close of the market. We will see the earnings impact tomorrow.
Seagate Technology
STX was the winner with a breakaway gap of +19%.
JSE Stocks
JSE All Shares
The JSE All Shares resumed its positive trend.
Harmony Gold Mining Company Ltd
Gold shares took off again with HAR breaking top resistance.
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.
