TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- US service sector expands at a slower pace, hiring picks up.
- Israel cuts interest rates to the lowest level since 2022.
MarketWatch:
- Trump rings Wall Street opening bells and says the stock market ‘is going to go through the roof’.
- The Nasdaq-100 has been far more volatile than the S&P 500. Now add SpaceX to the mix.
- Global stocks may be headed for a summer swoon. AI won’t be the only story that matters’ JPMorgan says.
yahoo! finance:
- Memory maker SK Hynix seeks $28B in US IPO listing.
- Some investors scramble to keep SpaceX – and Elon Musk – out of their portfolios.
- Hedge funds dump chip stocks.
Microsoft lays off 3,200 jobs, Xbox studios spun off.
Global Indexes
S&P 500
The S&P 500 is edging upwards towards top resistance.
DAX
The DAX is uncertain with two doji’s next to each other above its top resistance.
HANG SENG
The HANG SENG is now at its first negative trend line, above its EMA8 resistance, but still way below its major moving averages.
NYSE & NASDAQ Stocks
Advanced Micro Devices
AMD is still in a sideways movement against strong resistance, although it gained 6.6%.
Space Exploration Technologies Corp
After a lot of volatility SPCX is also moving sideways. Its volume for the was still >58m shares changing hands.
JSE Stocks
JSE All Shares
The JSE All Shares is showing its uncertainty in the form of a high wave candle.
Naspers Ltd
After a 39.1% correction NPN is lifting its head with divergence. Just thinking what analysts are smoking with an average target of R1500. We will see if they prove me wrong for doubting their target price?
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.
