TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Tesla’s AI dreams may already be priced into stock.
- China funds told to end real-time pricing as soon as mid-june.
MarketWatch:
- S&P 500 exits longest bear market since 1948.
- Opinion: The stock market’s breakout is getting some major new support – for now.
yahoo! finance:
- Asia stocks advance on heels of S&P 500’s bull run.
- S&P 500 enters new bull market.
- ‘Lithium batteries are the new oil,’ According to Elon Musk.
As the S&P 500 exits longest bear market since 1948 we should see some positive moves.
Global Indexes
S&P 500
The S&P 500 exits bear market with its rising three candle formation.
DAX
The DAX is still hanging around its EMA8 line, but above it.
HANG SENG
The HANG SENG is still uncertain on its 200-day moving average.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla is busy breaking a long-term trend line. This line started in 2021 at a price of $414. Look at a weekly chart to see the long term trend line.
Boeing Co
Boeing only had a short scare about the delay of its new planes before we will see an attempt to break strong top resistance. On its monthly chart you will see a W formation forming. Its previous high was at $446.
JSE Stocks
JSE All Shares
If the JSE All Shares follows the bullish US sentiment, we should see a break of the resistances above. Frontrunner is still positive.
Woolworths Holdings Ltd
Woolworths first broke its 50-day moving average and the very next day its 200-day moving average to be in all positive territory. Notice where the MACD turned green.
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.
