TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- China Growth risks hurt Asia stocks; Yen lower.
- US equities gain as banks, AI-linked stocks rally.
MarketWatch:
- Cathie Wood’s ARK funds shed more Tesla and Coinbase shares, continue Twilio buying spree.
- Nvidia is showing shades of Apple and its stock could hit $625, says one new bull.
- Microsoft shares pop 4% as prices for AI tools positively surprise.
- Extreme weather may douse this sizzling US stock market, warns Schwab strategist.
- Mark Zuckerberg says he’s ‘confident Threads is on a good path’ with tens of millions of daily users.
yahoo! finance:
- Banks lead Dow higher as stocks continue winning ways.
- Retail sales miss Wall Street estimates.
With earnings rolling in, Bank Stocks and AI linked stocks are gaining.
Global Indexes
S&P 500
The S&P 500 is continuing its rally, boosted by bank and AI linked shares.
DAX
The DAX also lifted its head with the makings of a J-curve on its EMA8 line.
HANG SENG
Poor economic data made the HANG SENG gap downwards below all support in all negative territory. We also adjusted our long-term negative trend line to include the most two recent tops.
NYSE & NASDAQ Stocks
Bank of America Corp
Our old favorite, Bank of America is finally waking up after the previous banking crisis. Its breakaway gap (insider information) is now followed by a continuation gap. Notice where the MACD turned green.
Microsoft Corporation
Microsoft smashed top resistance with a 4% gain. To notice: Frontrunner is predicting further highs, MACD turned green, Trend Factor turned dark green.
JSE Stocks
JSE All Shares
The JSE All Shares made a hammer candle which could be part of a J-curve forming. It bounced up from its 50-day moving average.
Northam Platinum Holdings Ltd
Northam Platinum is outdoing the other platinum shares and has now reached its 50-day moving average resistance. Notice where Frontrunner broke up and 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.
