TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- US manufacturing output stalls, held back by durable goods.
- Bank of Italy raises growth forecast in another boon for Meloni.
- Chinese trucks pose new peril in Mexico’s US tariff relief bid.
MarketWatch:
- Oil prices rise, stock futures inch higher as fighting between US and Iran intensifies.
- SpaceX postponed a crucial launch – now its stock is set to slide even further below the IPO price.
- Oil prices are up 13% in a week – and could head for more than $100 a barrel.
- Netflix is paying up for costly sports rights. Is the company making the right bets?
yahoo! finance:
- Big Tech earnings will test tech’s big rotation.
- Stocks fall as chip stocks bounce off lows.
- Stocks fall after Netflix whiff, chips sell-off hammers Nasdaq.
- The $3.3T chip sell-off is nearing a bear market.
- US oil firms sign deals with Iraq on alternative shipping routes.
- Anthropic in talks to lease Meta computing power in $10 billion deal.
US airstrikes hit dozens of Iranian targets as Donald Trump insists: ‘We are winning big in Iran’.
Global Indexes
S&P 500
The S&P 500 closed on its 50 DMA support with an uncertain high wave candle.
DAX
The DAX also closed on its 50 DMA support with a hammer candle.
HANG SENG
The HANG SENG made an engulfing bear candle to close below its 50 DMA.
NYSE & NASDAQ Stocks
Space Exploration Technologies Corp
SPCX was the biggest loser of the day. Notice that FrontRunner and the MACD has enough data to start showing – both negatively.
Eli Lilly and Co
LLY bounced on its positive trend line after the high wave candle. Frontrunner gave P1 Power signal with a MACD that changed colour.
JSE Stocks
JSE All Shares
The JSE All Shares is still moving sideways above strong support.
Anglo American PLC
The correction of AGL stalled with a gap (exhaustion gap?) and a hammer candle on its 200 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.
