TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Trump says US in ‘Heated’ Iran talks amid extension request.
- Trump reiterates threat to destroy Iran as deadline nears.
- One of seven stranded Malaysian vessels sails through Hormuz.
- Sweden surprise inflation drop backs rate pause.
MarketWatch:
- Stock futures surge, oil prices slide as Trump announces two-week cease-fire with Iran.
- Indexes set to fall on reports of Kharg Island attack, ahead of Trump’s ultimatum.
- The market, the Fed and the economy are ignoring war risks, says strategist.
- A generational buying opportunity has opened up for US tech stocks, says Goldman Sachs.
yahoo! finance:
- Oil prices crater after Trump announces two-week ceasefire.
- Broadcom expands partnership with Google, Anthropic.
- Apple’s iPhone 17 outpaces iPhone 16 as sales surge.
- Tech is doing everything right and getting left behind.
US Republicans prepare for defeat at the midterm elections.
I will be away for a few days and can only commence market reviews again mid next week.
Global Indexes
S&P 500
The S&P 500 made a long-legged hammer candle with futures up more than 2% after the cease fire announcement.
DAX
The DAX closed on its EMA8 line support and will most probably also bounce today.
HANG SENG
The HANG SENG was closed yesterday but opened +2.8% today.
NYSE & NASDAQ Stocks
UnitedHealth Group Inc
UNH made a gap to touch its 200 DMA after a positive 2027 Medicare Advantage rate update.
Amazon.com Inc
AMZN is touching resistance with a hammer candle.
JSE Stocks
JSE All Shares
The JSE All Shares was closed when Trump’s cease fire announcement came. It will also follow global markets higher today.
BRENT
BRNT dropped 16.5% after the announcement. Notice where the MACD turned red.
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.
