TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Charting the global economy: War pushed up prices, dents growth.
- Prices likely to stay higher even if conflict ends, ECB’s Nagel says.
- US strikes Iranian drones while talks continue for interim deal.
MarketWatch:
- Stock futures jump, oil prices fall as Trump says UD has reached peace deal with Iran.
- Elon Musk nailed the SpaceX IPO: ‘I’m not sure that this could have gone much better’.
- Global oil prices end at 3-month low after Pakistan says US-Iran peace deal struck.
- Adobe’s CFO is departing for Marvell. It’s one more reason for investors to choose chips over software.
yahoo! finance:
- Elon Musk became the world’s first trillionaire.
- SpaceX passes Tesla as most valuable company in Musk’s portfolio.
- Oil hits lowest since early March on potential Hormuz reopening.
The blockbuster IPO made Elon Musk a trillionaire and propelled SpaceX into the ranks of the 10 most valuable public companies. US, Iran agree to ceasefire, lift blockage of Hormuz, deal to be signed on Friday, sending stock futures higher and oil lower.
Global Indexes
S&P 500
The S&P 500‘s closed just above its EMA8 line with a high wave candle.
DAX
The DAX made a breakaway gap to also close above its EMA8 line with a high wave candle.
HANG SENG
The bounce of the HANG SENG closed just below its EMA8 line resistance. The news of the peace deal lifted the index past the EMA8 resistance this morning.
NYSE & NASDAQ Stocks
Space Exploration Technologies Corp
Not much of a chart with only one day of trading: SPCX closed 19.2% higher than the listing price of $135 after making a high of $176. Notice the high volume. It also had the highest money turnover on Wall Street. We will stay with this share to see how it trades after the listing day.
Adobe Systems Incorporated
ADBE remains the biggest loser with a downward gap.
JSE Stocks
JSE All Shares
The JSE All Shares also followed global markets higher, still below important resistances.
Sasol Ltd
SOL was the biggest loser of the day with a 6.5% gap to close below its 50 DMA support.
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.
