TAGS: Share value analysis
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- US stocks extend rally as traders eye peak rates.
- JPMorgan’s Michele warns on risk rally as 2023 recession certain. [How many times did we hear this the past few months?]
- Alphabet is standing out as a rare Megacap Bargain.
MarketWatch:
- Nasdaq locks in best quarter since 2020 as tame reading of Fed-favored inflation gauge fuels Friday surge.
- Opinion: The S&P 500 has hit a wall, but powerful market forces are shaping up to push it through.
- Are tech stocks becoming a haven again? ‘It’s a mistake’, say market analysts.
- Opinion: ‘Most US banks are technically near insolvency, and hundreds are already fully insolvent,’ says Nouriel Roubini.
- Assets in money-market funds touch record $5.2 trillion, ICI says.
yahoo! finance:
- Stocks surge, putting a cap on first-quarter rally.
- Apple wins reversal of $502m patent infringement verdict.
One should never ignore the news, but when the market moves technically against the news …. follow the trend!
Global Indexes
S&P 500
The bull rally of the S&P 500 continued. We are moving into overbought territory and will have to see if this rally was only to make the books look good for the first quarter?
DAX
The DAX reached strong top resistance (7 touches). What now?
HANG SENG
The HANG SENG closed on its 50-day moving average on Friday. It is hesitating today to break it while all the other Asia Pacific markets are positive.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla was the second largest gainer on the S&P 500 and is now nearing its 200-day moving average. Notice that the MACD is also green.
Alphabet Inc
Alphabet made a J-curve correction on its 200-day moving average with a 2.6% gain. Its Trend Factor is turning positive.
JSE Stocks
JSE All Shares
The JSE All Shares was not as positive as the global markets and hesitated against its negative trend line..
BHP Group Ltd
BHP Group managed to hold its positive rally position while other stocks made corrections.
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.
