TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Fed’s Goolsbee says more cuts hinge on inflation heading to 2%.
- US inflation comes in relatively tame, defying fears of jump.
- German city built on car parts looks to uncertain future.
MarketWatch:
- The stock market is reflecting fears of an AI apocalypse for white-collar jobs.
- Amazon’s stock just clinched its worst losing streak in nearly 20 years.
- A partial shutdown looks almost certain. TSA is warning of long waits and missed or delayed flights.
- Trump’s affordability agenda has a car problem it needs to fix.
yahoo! finance:
- Rampant AI demand for memory is fueling a growing chip crisis.
- Trump’s blink on metals tariffs could be his biggest pivot yet.
- Nvidia shares go cold even as AI spending balloons.
- Trump plans to roll back some steel, aluminum tariffs.
Oil posted weekly loss as traders weigh Iran, OPEC+ outlooks.
Global Indexes
S&P 500
The S&P 500 stalled with an indecision high wave candle in semi-oversold territory.
DAX
The DAX is holding steady just above its EMA8 support.
HANG SENG
The HANG SENG is about to test its 50 DMA support with its correction.
NYSE & NASDAQ Stocks
Visa Inc
V broke support and closed way below the lowest estimate of analysts. Notice where the P2 Power Signal warnings were given. Next support is at about $300.
Apple Inc
The P1 Power Signals (yellow arrows) are pretty accurate for AAPL. Wait for the turn!
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower. It can still continue leg c of an abc correction.
Woolworths Holdings Ltd
WHL is building a launching platform on its 200 DMA support with 5 turning candles in 10 days.
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.
