TAGS: Technical Analysis Software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Asian allies push back against Trump’s forced-labor tariffs.
- China’s gold imports surge after international prices slump.
- Intel’s AI-fueled forecast shows comeback is gaining steam.
MarketWatch:
- Trump rolls out a new wave of global tariffs.
- Stocks slide as Big Tech sells off; bond yields and oil rise on Iran war fears.
- Tesla sees $214 billion wipeout as investors pan Elon Musk’s plan to spend ‘as fast as we can’.
yahoo! finance:
- Trump administration announces next phase of global tariffs.
- “Magnificent 7′ shed $797 billion as AI spending fears grip Wall Street.
- Trump says US to use Iranian funds to pay for damage to ships.
- Everything is going wrong for oil markets right now.
Alphabet’s massive profit growth is ‘illusory,’ as SpaceX and Anthropic help mask a historic cash drain.
Global Indexes
S&P 500
The S&P 500 corrected with a high wave candle below its 50 DMA.
DAX
The DAX reversed its rally to also close below its 50 DMA support.
HANG SENG
The HANG SENG is at a crucial resistance with 3 touches.
NYSE & NASDAQ Stocks
Micron Technology Inc
MU is still moving against the general tech selloff.
Tesla Inc
TSLA had a strong selloff with a breakaway gap. Notice that Frontrunner is warning of more lows to come.
JSE Stocks
JSE All Shares
We lowered our JSE All Shares support to 107000.
Sasol Ltd
The oil price made Sasol break its 50 DMA resistance.
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.
