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News in Brief
Bloomberg:
- Tesla rally tops 100% from low, supercharged by new optimism.
- Stock buyers’ fatigue kicks in as bond yields jump.
MarketWatch:
- Yes, retail investors are back, but they only have eyes for Tesla and AI right now.
- PayPal CEO plans his exit; stock rises after earnings and forecast beat.
Analysts believe that that AI stocks can rise 85% over the next year.
Global Indexes
S&P 500
The S&P 500 closed below its EMA8 line and touched its current positive trend line.
DAX
The DAX made another small body inverted hammer candle. It remains hesitant about its current move.
HANG SENG
The HANG SENG closed above its EMA8 line yesterday, only to dip below it today.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla remained a favorite by investors, even on a negative day. It did however make a gap and a doji. We will have to keep an eye if this is an exhaustion or continuation gap after the current strong bull trend?
Chipotle Mexican Grill Inc
Chipotle Mexican Grill broke its positive trend with a breakaway gap downwards. Notice that the MACD is also about to break to turn red.
JSE Stocks
JSE All Shares
The JSE All Shares is still moving sideways inside the flag it is forming. This time with a doji.
Woolworths Holdings Ltd
Woolworths is also busy forming a flag. It closed near the top of the flag in neutral territory (yellow candle).
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.
