TAGS: How to analyze shares and stocks.
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News in Brief
Bloomberg:
- Wall Street’s AI craze drives Nasdaq 100 up.
- GMO’s $8 billion fund beats S&P 500 even without Nvidia, Tesla.
MarketWatch:
- Value stocks were poised for glory in 2023, then it all slipped away as AI euphoria took over.
- Opinion: AMD is poised for huge AI growth in 2024 and the stock market is paying attention.
- November’s rally just erased two months of Fed tightening, economist says.
- Opinion: Resistance is expected but futile: Stocks are geared for a year-end rally.
yahoo! finance:
- Nasdaq leads market rally with jobs report on deck.
- Wall Street bull gives highest 2024 S&P forecast yet.
- Markets cheer Google’s debut of AI model Gemini.
Markets are poised for a rally to break top resistances and AI is leading the way.
Global Indexes
S&P 500
All indications show that we are poised for a flag break to the top for the S&P 500.
DAX
The DAX took a breather after breaking top resistance.
HANG SENG
The HANG SENG gave a P! Power Signal at the tweezer candle formation. This was followed by a turning hammer candle. If you compare the P1 signal with the previous ones, then this index is also poised for a rally.
NYSE & NASDAQ Stocks
Advances Micro Devices
AMD just smoked Nvidia and is the first AI stock making a break to attempt breaking top resistance.
Alphabet Inc
Not far behind GOOGL started its attempt with a breakaway gap.
JSE Stocks
JSE All Shares
The JSE All Shares decided to break downwards but might recover today in the light of what happened in the US.
Northam Platinum Holdings Ltd
Northam Platinum bounced on a strong support with a P1 Power Signal.
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.
