Market Boom Will Last

TAGS: Software for stock analysis

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News in Brief

Bloomberg:

Traders are risking it all that market boom will last.
China stocks climb on signs Beijing is acting on policy pledges.

MarketWatch:

Opinion: Investors hate energy stocks; Buffett and insiders love them. Choose your side.
Oil ends at 3-month highs, logging 5th straight weekly gain.
Yellow – one of the US’s largest cargo carriers – reportedly nears bankruptcy.
Puzzled by the stock-market surge? Overshoots are the new normal, Bank of America strategist says.
Stocks end higher after inflation report, score weekly gains.

yahoo! finance:

J&J effort to resolve talc lawsuits in bankruptcy fails.
Workers most exposed to AI bet it will help.
Exxon profits slump.

The market boom continues, but only for those stocks that beat earnings and have a good forecast.

Global Indexes

S&P 500

The engulfing bear candle scare was not confirmed, and the S&P 500 continued its positive trend.

DAX

The scare in the US did not influence the DAX and it also continued its positive trend.

HANG SENG

The HANG SENG only closed its open window (gap) on Friday and then blasted upwards only to create another upwards gap today.

NYSE & NASDAQ Stocks

First Solar Inc

After the J-curve it was forming, First Solar blasted off its positive trend line with a 4.8% gain.

Enphase Energy Inc

The energy stock Enphase Energy made 3 downward gaps in 7 days. Never ignore gaps! One should react on the first breakaway gap as it warns you of new direction.