TAGS: Technical analysis software.
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News in Brief
Bloomberg:
- Asia stocks rally with bonds on ‘Fed is Done’ bets.
- S&P 500 up 2% as bets ‘Fed is Done’ sink US yields.
- Stocks, Bonds up as CPI fuels ‘Fed is Done’ bets.
MarketWatch:
- The Magnificent Seven add more than $200 billion to their market caps.
- Fifty S&P 500 companies record best day of the year.
- Technology stocks hit record high as Nasdaq looks to exit correction territory.
- CPI data show October was first month since July 2022 with no retail price rise.
- Dow’s rally highlighted by gains in Home Depot, Walgreens Boots shares.
- Investors now see minimal chance of Fed rate hike in December.
yahoo! finance:
- Asian stocks rally as Fed rate hikes seen as over.
- Inflation cools, ‘core’ measure rises at slowest pace in 2 years.
- Home Depot beats on earnings.
- Amazon to sell shopping ads on Snapchat.
We had the strongest day of the year after CPI data. Thanks to Alwyn who is doing the last touches to the new version that will most probably be issued this weekend.
Global Indexes
S&P 500
The S&P 500 broke its long-term negative trend line with a gap.
DAX
The DAX broke its long-term negative trend line with a strong bullish candle. It is now touching its 200 DMA.
HANG SENG
The HANG SENG is also busy breaking its long-term negative trend lines with a gap.
NYSE & NASDAQ Stocks
Home Depot Inc
The earnings beat gap of Home Depot took it past its 50 DMA to close on its 200 DMA, nearly in all positive territory.
Enphase Energy Inc
The best move on the S&P 500 was ENPH with its 16.3% gap. Notice the new Power Signal and MACD that turned green.
JSE Stocks
JSE All Shares
The JSE All Shares also blasted off with a 2.5% gain to break its negative trend line.
Compagnie Financiere Richemont SA
CFR blasted off its R2162 platform with a 4.5% gain. Notice where the MACD turned green, and a power signal was given.
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.
