TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Bats the size of chickens make Africa’s Ebola a tough fix.
- Ebola outruns containment in Eastern Congo as contact tracing falters.
- Moody’s lifts South Africa outlook to positive on Fiscal Boost.
- New Zealand to invest in drones, fleet to shield maritime routes.
MarketWatch:
- Stocks gain as investors grow optimistic about potential for US-Iran peace deal.
- Nvidia spent $18.6 billion on venture investments in 3 months.
- IBM could be a big winner as quantum computing moves out of the science-fiction realm.
yahoo! finance:
- Kevin Warsh sworn in as Fed chair.
- Google appeals US court ruling on search monopoly.
- Nvidia declared a massive $80 billion share repurchase authorization as part of its recent quarterly earnings report.
- IBM scored a $26B quantum windfall – and the stock’s rally isn’t over.
Trump ‘preparing for fresh round of strikes against Iran’ as he canceled weekend plans. Fears as Trump hints at fresh large-scale military action.
Global Indexes
S&P 500
The S&P 500 closed with an uncertain doji against top resistance. Don’t be surprised to see a correction with Trump’s actions. 2026 Targets remain 8000-8300 by analysts.
DAX
The DAX extended its positive trend with a 1.1% gain.
HANG SENG
The HANG SENG is still hanging around its 50 DMA, this time round with a long-legged high wave candle. Its negative trend is still in place.
NYSE & NASDAQ Stocks
Arista Networks Inc
ANET continued its W formation. Analysts give it a strong buy with an average price target of $188. Forecast of softer gross margins disappointed investors and caused the drop.
Enphase Energy Inc
ENPH was the winner for the week. Notice that we have divergence in place predicting that a possible top has been reached.
JSE Stocks
JSE All Shares
The JSE All Shares closed just above its 200 DMA. I was asked whether a W formation is forming? Indeed, if we get a bounce on the 200 DMA support. But Trump can negate all this anticipation 🙁
Woolworths Holdings Ltd
WHL could not break its 50 DMA resistance and is back at its R50 strong support (touched >10 times).
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.
