TAGS: How to analyze shares and stocks
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News in Brief
Bloomberg:
- Asia stocks rise, tracking tech-led gains in US.
- Asian stocks set to beat US peers in 2024 on China revival, Fed Easing.
- European banks expected to outperform American rivals by highest rate in a decade.
- China stocks slump to five-year low in a dismal start to 2024.
MarketWatch:
- Investors kick off busy week that could set the tone for stocks, crypto and other assets in 2024.
- Fed’s Bowman says inflation could drop without further rate hikes.
- Boeing’s stock tumble is cutting more than 140 points off the Dow’s price.
yahoo! finance:
- Fed officials cool Wall Street hopes for quick rate cut.
- Nasdaq surges 2% to lead first big rally of 2024.
- Boeing shares slump after FAA ground Max 9 jets.
- Oil sinks as Saudi price cuts weigh.
- Musk’s drug use puts Tesla board in familiar quandary.
It was tech shares that started the first rally for 2024 and made the Nasdaq gain more than 2%.
Global Indexes
S&P 500
The S&P 500 made a P1 Power Signal in oversold territory to close above its EMA8 line. Back in positive territory.
DAX
Similar for the DAX.
HANG SENG
The HANG SENG is also lifting its head, but still in all negative territory.
NYSE & NASDAQ Stocks
Boeing Co
Boeing is in trouble again with its 737 Max 9 jets grounded. It made a gap down to close just above its 50 DMA.
NVIDIA Corporation
NVIDIA took the lead on the Nasdaq with its 6.4% gain. It smashed its top resistance of $504.
JSE Stocks
JSE All Shares
The JSE All Shares closed just above its 50 DMA. We adjusted our long-term negative line to include the major tops.
Spar Group Ltd
Spar bounced off its 50 and 200 daily moving averages. It is however still in the sideways channel with resistance at R120.
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.
