TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Nasdaq 100 climbs about 2% in run-up to CPI report.
- Morgan Stanley, Goldman at odds on S&P 500’s bull market rally.
- ‘Decade of emerging markets ‘ may be about to regain traction.
MarketWatch:
- Nasdaq, S&P 500 end at almost 14-month high ahead of this week’s inflation data, Fed decision.
- Investors increasingly expect US stock-market rally to continue as bears finally surrender.
- US global oil prices settle at lowest since late 2021 ahead of this week’s Fed decision.
- AMD is becoming ‘closest competitor’ to Nvidia in AI hardware, and that could extend stock’s rally.
yahoo! finance:
- Stocks surge to kick off key week for US economy.
- Goldman lifts S&P price target amid new bull market.
Fundamentalists remain sceptic about the current bull rally but remember that markets portrait the future.
Global Indexes
S&P 500
The S&P 500 hesitated with a small body candle at its 4300 level before taking off.
DAX
After touching its EMA8 line for 6 days the DAX finally lifted off with a breakaway gap.
HANG SENG
The HANG SENG has now been touching its 200-day moving average for 6 days, but it lacks steam to lift off it to break the negative trend line above.
NYSE & NASDAQ Stocks
Deere Company
Deere Company started its rally with a breakaway gap and is now fast approaching its 200-day moving average and long term negative trend line. Notice where Frontrunner turned up and the MACD turned green.
Apple Inc
Apple is extending its strong rally by breaking its top resistance.
JSE Stocks
JSE All Shares
The JSE All Shares corrected down from top resistance. We will have to see today if it follows the US?
Sappi Ltd
Sappi was the biggest loser on the JSE and is about to test its bottom support.
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.
