TAGS: How to analyse shares and stocks
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Tech giants power stock gains as Tesla jumps 10%.
- SK Hynix’s $24 billion rally unraveling on US-China tech war.
MarketWatch:
- Tesla’s stock busts through 10-DMA resistance into bull-market territory.
- Amazon’s stock ckinches highest close in more than a year.
- Microsoft’s stock has a ‘rich catalyst path ahead’ after underperforming, says Citi.
- The Fed is done raising interest rates, ABA economists say, and the US is poised for a soft landing.
yahoo! finance:
- Low-income spending has held up despite delinquencies: GS.
The S&P 500, NASDAQ and FTSE 100 lifted their heads above their 50-day moving averages to be in positive territory again.
Global Indexes
S&P 500
The S&P 500 lifted its head above its EMA8 and 50-day moving average lines to be in positive territory.
DAX
The DAX was still very uncertain with a very long-legged hammer candle and a doji next to each other, but did close above its EMA8 line.
HANG SENG
The HANG SENG is very uncertain with a doji, but nevertheless climbing steadily this morning.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla gave the US markets a boost with its 10% gap. Notice that the MACD never turned red while it was forming a J-curve.
Meta Platforms Inc
Meta Platforms, like Tesla, moved into positive territory, above its 50-day moving average.
JSE Stocks
JSE All Shares
The JSE All Shares also lifted its head, but still way below its 50 DMA. Notice the divergence at the turn.
Sun International Ltd
Sun International took the honor just above the platinum shares on the JSE with its 6.8% gain. Notice where its MACD turned green to start a steady climb.
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.
