TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Sri Lanka delivers full-point rate hike to crimp inflation.
- Japan’s Katayama says will use reserve funds for subsidies.
MarketWatch:
- Stocks are riding on earnings hot streak – but investors are facing a summer that’s rife with risks.
- Stocks tend to sink during the summer before midterm elections. Will history repeat itself.
yahoo! finance:
- Oil drops below $100 on hopes of US-Iran deal to open Hormuz.
- Iran is beating Trump at the art of the deal.
Oil prices tumble as deal to end Iran war appears close, though Trump says there’s no rush.
Global Indexes
S&P 500
This market was closed yesterday.
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 reached its top resistance with a gap.
HANG SENG
This market was closed yesterday.
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
These markets were closed yesterday.
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 on its 50 DMA. We received very funny data where the high, low, open and closing prices were all the same?
Valterra Platinum Ltd
VAL made a strong breakaway gap with a P1 Power Signal and a MACD that changed colour.
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.
