TAGS: How to analyze shares and stocks
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News in Brief
Bloomberg:
- Asia stocks mostly down as bets on fed cuts ease.
- Bonds slide as Fed’s Waller downplays need to rush.
- US futures pare losses after upbeat bank earnings.
- China’s wealth fund vows to play role in stabilizing markets.
MarketWatch:
- Dow ends over 200 points lower after Fed’s Waller sees no rush on 2024 rate cuts.
- Beware of ‘pricey’ US stocks as inflation may ‘roller-coaster back up,’ warns BlackRock.
- Apple plans to remove sensor from some watch models depending on how a court rules in patent dispute.
- Opinion: Apple stock looks expensive vs. the rest of the ‘Magnificent Seven’.
- Goldman Sachs’ stock up after Q4 profit rises by 58% and beat analyst estimates.
yahoo! finance:
- Small-cap stocks are all the rage on Wall Street.
- Stocks stumble as Boeing drags on Dow.
- Morgan Stanley profit falls on one-time charges.
- Boeing extends fall as MAX 9 grounding continues.
The Fed poured cold water on rate cuts and that had a negative effect on stocks.
Global Indexes
S&P 500
The S&P 500 managed to stay above its EMA8 line in a sideways channel, still within reach of its top resistance.
DAX
The DAX made a breakaway gap downwards but managed to make a small bounce on its sideways channel.
HANG SENG
The HANG SENG made another gap to extend its negative trend breaking important support.
NYSE & NASDAQ Stocks
Advanced Micro Devices Inc
Nvidia and AMD ruled the day with strong gains. AMD’s 8.3% gain smashed previous targets and did so with a gap.
Boeing Co
Boeing was the biggest loser again and broke its 200 DMA downwards with a gap. Notice that the drop is now 23% for the month.
JSE Stocks
JSE All Shares
The JSE All Shares is following global markets lower.
Pick n Pay Stores Ltd
Pick n Pay is lifting its head for the first time in a long while with a rising bottom. Is the new CEO making the right moves? The price is still below its 50 DMA (dark blue).
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.
