TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Germany’s elusive economic revival is within touching distance.
- Bessent and the Fed help Japan reverse months of Yen losses.
- Google rolls back Earth AI tool over concern about fake images.
- Big tech holds $2 trillion of spending commitments for AI boom.
MarketWatch:
- Supply-chain legend Tim Cook finally meets his match with Apple’s memory crunch.
- July ends on a hopeful note for stocks after momentum trade sees biggest wipeout since 2000.
- Did China build a top-tier AI model by itself? A new report suggests Nvidia chips played a role.
yahoo! finance:
- SpaceX sinks to new low ahead of earnings.
- Hormuz traffic sinks as Trump offers no timeline for reopening.
- Amazon stock soars after ‘home run’ quarter.
Middle East war escalates as Iran strikes US base in Kuwait.
Global Indexes
S&P 500
The S&P 500 managed to close above its 50 DMA resistance.
DAX
The DAX touched its top resistance and then retreated to close with a small gain.
HANG SENG
The HANG SENG closed for a third day above its 200 DMA, with two uncertain candles next to each other.
NYSE & NASDAQ Stocks
Amazon.com Inc
AMZN made a breakaway gap to close just below top resistance.
Apple Inc
Apple made a downwards breakaway gap after Cook expressed desire for more memory suppliers. Notice how a doji and an inverted hammer candle marked the top.
JSE Stocks
JSE All Shares
The JSE All Shares closed with an uncertain high wave candle on its 50 DMA resistance.
MTN Group Ltd
After MTN made a triple top the share collapsed with troubles in Ghana and weak results in Nigeria together with new regulatory restrictions.
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.
