TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- German economic advisers more than double 2026 growth forecast.
- Nvidia get rare downgrade as Baird raises CEO uncertainities.
- Anthropic’s IPO is said to be multiple times oversubsribed.
- Microsoft vows to pay its own way to power data centers.
MarketWatch:
- Investors seek to move past hotter-than-expected CPI.
- Nvidia’s valuation tumbles to a 15-year low. A bargain or a falling knife.
- Nvidia’s stock drops as the board reportedly prepares to remove CEO Jensen Huang.
yahoo! finance:
- Nvidia reportedly preparing to oust CEO Huang after alleged affairs with spy, Nvidia exec.
- Chip stocks are surging after CoreWeave’s earnings.
- Goldman Sachs calls chip stocks ‘oversold’.
Trump weighs Iran strikes as Ukraine talks head to Abu Dhabi.
Global Indexes
S&P 500
The S&P 500 made a breakaway gap towards its 50 DMA resistance.
DAX
The DAX made a long-legged high wave candle on its top resistance.
HANG SENG
The HANG SENG dropped back to close just below its 50 DMA resistance.
NYSE & NASDAQ Stocks
Micron Technology Inc
MU gained 12% to close above its 200 DMA resistance.
Advanced Micro Devices Inc
AMD is also benefitting from the Huang affair and gained 7.3% to close just above its 50 DMA resistance.
JSE Stocks
JSE All Shares
The JSE All Shares dropped below its 200 DMA resistance, signaling a top after the high wave candle.
Woolworths Holdings Ltd
WHL lost the most ground to close below 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.
