TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- JPMorgan macro fund sticks to ‘painful’ bet against stock rally.
- Southeast Asia has some of the world’s worst-performing markets.
MarketWatch:
- Amazon is the cheapest of the ‘Magnificent Seven’ stocks.
- Meta’s Twitter killer, threads, is reportedly coming Thursday.
- Rivian stock has best day in 8 months after EV production more than triples.
yahoo! finance:
- US factory activity shrinks by most in three years.
- Tesla’s blistering rally resumes after deliveries beat.
The rally continues although some funds, like JPMorgan, do not support it.
Global Indexes
S&P 500
The S&P 500 made a a modest gain with a small body candle.
DAX
The DAX took a breather after the break of the previous day.
HANG SENG
The HANG SENG is now touching its last hurdle to be in all positive territory again.
NYSE & NASDAQ Stocks
Rivian Automotive Inc
Rivian Automotive made a breakaway gap with its 17.4% gain. Notice that the week’s gain has been 45.4%!
Tesla Inc
Tesla also made a gap and is heading towards its next resistance at $310.
JSE Stocks
JSE All Shares
The JSE All Shares continued its rally with a small body candle.
Anglo American PLC
Anglo American finally decided to join the rally and made a 3.1% bounce inside its wedge formation.
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.
