Stocks rise on first day of Big Week

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News in Brief

Bloomberg:

Tech slides with eyes on earnings in week ahead.
$1.4 billion JPMorgan fund bets Asia Chip stocks will catch up to US rally.

MarketWatch:

Stock-market ‘meltup’ will continue as long as there’s no sign of recession, says Steve Eisman of ‘Big Short’ fame.
Overconcentration in US stock market sees fastest rise in 60 years, JPMorgan warns.
Tupperware’s stock sees largest daily gain on record amid meme-like surge. TUP +75.56%.
Nvidia is ‘dominating’ and could unlock $300 billion in AI revenue by 2027, analyst says.
Uber’s stock deemed ‘hard to ignore’ with possible S&P 500 inclusion ahead.

yahoo! finance:

Stocks rise to kick off big week.
Spotify reveals price hikes ahead of earnings.

After the first day of the big week of earnings, stocks are still climbing.

Global Indexes

S&P 500

The S&P 500 made a modest gain on the first day of the big earnings week.

DAX

The DAX made a slight gain with its EMA8 line still acting as support.

HANG SENG

The next attempt to break resistances of the HANG SENG came sooner than expected. It blasted past its 50-day moving average with a breakaway gap today to trade on its 200-day moving average resistance. The day is not over!

NYSE & NASDAQ Stocks

Halliburton Company

Halliburton made a gap after consolidating for 8 days and wants to break current resistance. Notice that the MACD never turned red during the consolidation.

Tupperware Brands Corporation

This is what a 75.6% gain, from a low base, looks like for Tupperware. This share has fallen from a high of $38, not shown on the chart as it was during 2018, far to the left.

JSE Stocks

JSE All Shares

The JSE All Shares remains uncertain, this time with a doji just above its 50-day moving average. Notice that its MACD also did not turn red during the current consolidation.