Trump’s Former Backers Abandon Him

TAGS: Technical Analysis Software

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News in Brief

  • Trump’s Iran deadline looms with mediators pushing for truce.
  • Downed US jet, second crash mark new escalation in Iran war.
  • Trump’s Iran address fails to ease markets.
  • French and Japanese-owned ships make first Hormuz crossings.
  • US jobs gain of 178,000 tops forecasts, unemployment falls.

MarketWatch:

  • Strait of Hormuz sees increased ship traffic ahead of Trump’s deadline.
  • Amazon, USPS strike a deal – showing they still need each other despite threats of big delivery cuts.
  • Jobs data and the Iran war add to inflation fears for retirees.
  • More Americans saying they won’t pay taxes this year as a political protest.

yahoo! finance:

  • US stock futures fall as Trump deadline for Iran deal nears.
  • Judge upholds block of subpoenas in criminal investigation of Powell.
  • Hope of Hormuz lifts markets.

Losing Ground: Younger Americans are turning on the President.

Global Indexes

S&P 500

The S&P 500 is gaining ground, but still below its 200 DMA resistance.

DAX

The DAX was closed yesterday.

HANG SENG

Similar for the HANG SENG.

NYSE & NASDAQ Stocks

Seagate Technology PLC

STX made a breakaway gap past resistance.

Home Depot Inc

HD is showing signs of turning with P2 Power signals after its correction.

JSE Stocks

JSE All Shares

The JSE All Shares made a very long-legged hammer candle to show its uncertainty.

Sasol Ltd

Sasol is following the volatile moves of the oil price while there is no finality about the Iran war.

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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