Bloomberg:
- Apple’s big rally gives stock bulls something to cheer about
- BofA says cash racing to stocks, bonds as inflation fears ease
- Alibaba leads slide in US-listed China stocks on NYSE exit woes
- China stocks with US listings drop as NYSE exit gathers pace
MarketWatch:
- U.S. stocks jump, with S&P 500, Nasdaq scoring longest weekly win streak since November 2021
- Tesla and Ford attract new investments from George Soros’s fund
yahoo! finance:
- Inflation: ‘One data point does not make a trend’ [This is so true!]
- Elon Musk says Lithium demand will continue to boom
While everyone is speculating whether we have a bounce in a bear market or a first leg of a new bull market, the S&P 500 has gained 17.6% and the Nasdaq 23.2% since the turn. We believe that it is the first leg of a new bull trend with those gains?
There are warning signs to be ready for a China-Taiwan war?
Global Indexes
S&P 500
The S&P 500 is fast approaching its 200 day moving average. It needs to break this resistance to be in a true bull market, but I am sure we will see lots of profit taking at that level?
NASDAQ
The NASDAQ did break a trend resistance and is also on its way to its 200 day moving average.
DAX
The DAX is approaching trend resistance with its 200 day moving average still some distance away.
HANG SENG
The HANG SENG broke its short term negative trend and EMA8 lines with the other resistances still far above on Friday. Today we have another uncertain doji on the EMA8 line caused by negative news.
NYSE & NASDAQ Stocks
Albemarle Corporation
Albermarle Corporation has only one objective and that is to attack top resistance! Take notice where the turn took place. Both Frontrunner and the MACD gave divergence and both broke positively about 2 days apart.
Bank of America Corp
My favorite banking share, Bank of America, made another 2 gaps breaking the $34 resistance. Notice where the first breakaway gap was. Its Trend Factor has also turned positive with these gains. This must be the longest J-curve I have seen in a long time with hardly any down movement. Divergence was given at the turn.
JSE Stocks
JSE All Shares
The JSE All Shares hesitated again with profit taking after the strong previous day.
Mondi plc
After correcting back to its positive trend line, Mondi broke the 5 day correction in one day with its 10.3% gain. Notice that its Trend Factor has also turned positive for the first time since February.
Algomodel Startegies, 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.
