TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Miran says Fed needs to cut rates by more than a point this year.
- French inflation rate unexpectedly sinks to five-year low.
MarketWatch:
- Stocks fall as S&P 500 dragged down by tech. Is the selling over?
- AMD’s stock falls after earnings, despite upbeat guidance.
- Palantir’s stock surges as AI demand drives another record quarter.
- SpaceX officially acquires xAI.
- The dollar’s rebound probably won’t last.
yahoo! finance:
- Trump signs bill to end short-lived shutdown.
- ‘Get me out’: Traders dump software stocks as AI fears take hold.
- Gold, silver soar as dip buyers crowd in.
- PayPal stock sinks after profit miss, CEO switch.
- China bans Tesla-style hidden EV door handles.
Crucial US jobs report delayed again by shutdown. Nasdaq and S&P500 dragged down by tech.
Global Indexes
S&P 500
The S&P 500 tested top resistance and its 50 DMA support to close in the middle with an engulfing bear candle.
DAX
The break of the DAX also did not last as it came back to close on the break line.
HANG SENG
The HANG SENG is also uncertain of direction with a long-legged high wave candle.
NYSE & NASDAQ Stocks
Paypal Holdings Inc
It was actually PYPL that dropped the most. Its selloff was 20.7% for the day with a massive volume.
Micron Technology Inc
MU stalled against top resistance with a 4.1% correction forming a piercing candle
JSE Stocks
JSE All Shares
The JSE All Shares made an unconfirmed engulfing bull candle.
Kumba Iron Ore Ltd
KIO made a breakaway gap to close on top resistance with its 6.8% gain.
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.
