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News in Brief

Bloomberg:

China’s trade surplus nears $940 billion as export growth surges.
Power and talent biggest AI bottlenecks, say Data center Firms.
Alibaba unveils $450 AI glasses in expanding push into gadgets.

MarketWatch:

Bank earnings: Goldman blows past estimates, while JPMorgan misses.
UnitedHealth keeps medical costs under control – and raises its outlook again.
Chip stocks suffer worst stretch in 16 months as AI fatigue grips the market.

yahoo! finance:

Goldman profits surge 29% as trading boom holds up.
Wells Fargo beats as strong customers keep lid on loan losses.
BofA hit with $1.2 billion penalty over money laundering failures.

Chip stocks are getting drilled on news out of China. White House gripped by panic as Trump turns on his staff.

Global Indexes

S&P 500

The S&P 500 is forming a flag in semi-overbought territory against top resistance. Its MACD is still green

DAX

The DAX is also uncertain about its next move with a high wave candle sitting on its EMA8 support.

HANG SENG

The HANG SENG has now closed two days above its EMA8 line and is moving positive today.

NYSE & NASDAQ Stocks

Deere Company

DE is bouncing back with a power signal in oversold territory with a MACD that changed colour, still below its 50 DMA.

Mastercard Inc

MA broke top resistance to extend its positive trend. Notice where Frontrunner broke up and the MACD turned green.

JSE Stocks

JSE All Shares

The JSE All Shares is extending its positive trend with a MACD that is on the verse of turning green. Frontrunner started moving positive divergence at the doji.

Clicks Group Ltd

You might remember when we showed the 47% potential of CLS. It took off with a breakaway gap towards its target of R311. Notice where Frontrunner and the MACD changed.