TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- AI obsession powers $5 trillion Nasdaq 100 surge.
- A $27 billion stock exodus shows how investors feel about Europe.
- Scaramucci says AI stocks are a bubble but buy them anyway.
MarketWatch:
- Nasdaq books best first half since 1983 as inflation data power Friday stock surge.
- History shows stock market’s bullish momentum in the first half could spill over into the second half, but analysts are not so sure.
- Apple finishes week as first-ever US company with $3 trillion market value.
yahoo! finance:
- Stocks surge to end first half with a bang.
- Apple closes above $3 trillion market cap as tech rally continues.
If you believed fundamentalists, you would have been scared out of the market and missed the bullish momentum of the first half. Wait for technical signals to tell you when to get out.
Global Indexes
S&P 500
The S&P 500 made a breakaway gap and is steadily moving towards is all time high of 4815.
DAX
After hesitating at its 50-day moving average for 2 days the DAX finally broke it to move into all positive territory.
HANG SENG
The HANG SENG was still hesitating with a doji on Friday but together will all Asia markets it is also moving positively today. Notice how it eased back when it touched its 200-day moving average that is still in play.
NYSE & NASDAQ Stocks
Apple Inc
Apple has now left its previous high behind and became the first stock to close above $3 trillion market cap. It did so with another gap.
Microsoft Corporation
Microsoft also made a gap, and we will most probably see another attempt to break the old high of $345. Its previous attempt could only close one day above this level.
JSE Stocks
JSE All Shares
A Frontrunner break followed by a MACD change of color again paved the way for the JSE All Shares positive move.
Glencore PLC
We did show the turning hammer candle on Friday for Glencore. It then blasted off with a 2.9% gain to close on its 200-day moving average.
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.
