TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- SpaceX IPO demands trust in Musk’s entangled empire.
- US inflation accelerates, though core gauge comes in softer.
- Nike’s savior CEO is grappling with a 45% stock slump.
MarketWatch:
- Inflation tops 4% for the first time in 3 years. But it’s not all bad.
- The SpaceX IPO could lead to 8% of America’s current-account deficit being refinanced in a single day.
- The big question facing SpaceX investors: What are you really buying?
- Oracle’s stock slides after earnings, as the steep price of AI spooks investors.
- Tesla bull boldly claims the company has solved the ‘self-driving puzzle’.
yahoo! finance:
- The blockbuster SpaceX IPO may spell more bad news for crypto.
- Lilly cements lead as rivals jump on obesity drug bandwagon.
- Us begins wave of airstrikes on Iran, Tehran says Hormuz closed.
- 53% of Americans fear AI could take their jobs, poll finds.
Trump-Endorsed Candidate Loses in Iowa Shocker. Stock futures rise after US strikes Iran again. Trump to Iran: I just took your oil.
Global Indexes
S&P 500
The S&P 500 is extending its correction trend line with the 50 DMA support not far below.
DAX
The DAX closed its correction on its 200DMA support but below its 50 DMA.
HANG SENG
The HANG SENG has now made three turning candles next to each other. The latest one is a small body long-legged high wave candle.
NYSE & NASDAQ Stocks
Oracle Corporation
ORCL broke its 200 DMA support with a long-legged inverted hammer candle.
Super Micro Computer Inc
SMCI made the largest correction for the day with a -27.9%. It broke all support to close below them all with a gap. Notice the high volume.
JSE Stocks
JSE All Shares
The JSE All Shares is following global markets lower moving into extreme oversold territory.
Coronation Fund Managers Ltd
CML had the worst day with their -8.2% breakaway gap.
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.
