TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- China vows to stabilize markets after rout, offers no detail.
- Big oil’s optimism faces reality check in tech-obsessed market.
- Stock bull run powers ahead as US economy roars.
- Meta’s $197 billion surge is biggest in stock market history.
- China stocks swing wildly in chaotic end to worst week in years.
MarketWatch:
- Powell tells ’60 minutes’ the economy’s strength allows Fed to be careful about rate cuts.
- Some board members felt pressured to take drugs with Elon Musk, WSJ reports.
- Senators release $118 billion package that pairs border policies with Ukraine and Israel aid.
- Gold and platinum are giving strong clues that stocks could gain 15% or more this year.
- Meta’s killer stock rally adds $200 billion in market cap – a historic haul.
- Amazon is worth more than Alphabet for the first time in 16 months.
- Google parent Alphabet took a $1.2 billion hit to exit office space last quarter.
yahoo! finance:
- Meta Platforms stock is still undervalued despite its soaring stock price.
- S&P hits record high after hot jobs data, tech earnings.
- A strong jobs report complicates the Fed chair’s efforts to navigate monetary policy in a white-hot election year.
- Google misses on add revenue. Will AI continue that trend?
The bulls are in full control in the US with China struggling to keep head above water.
Global Indexes
S&P 500
The S&P 500 is making a new high after hot jobs data and Meta’s surge.
DAX
The DAX touched top resistance again but did not have enough steam left to push through. If it follows the US it might do so today.
HANG SENG
The HANG SENG is still struggling to keep head above water in all negative territory. This index is currently 53% below its high of 2018 and lagging the rest of the world.
NYSE & NASDAQ Stocks
Meta Platforms Inc
It was the 20% surge of Meta that put the bulls in control. Declaring a first dividend and beating earnings put this share in rocket mode. Notice that Frontrunner is predicting more highs to come.
Amazon.com Inc
In our watch list the sequence of best gainers were Meta, AMZN, NVDA, AMD, CVX, CAT, TSM, UBER & AVGO. We show AMZN that also made a gap with Frontrunner predicting more highs.
JSE Stocks
JSE All Shares
The JSE All Shares could not react to the US move as it was closed and instead made another indecision high wave candle. Notice that Frontrunner is still heading up.
Naspers Ltd
Although China and Tencent is lagging way below, Naspers broke its 50 and 200 DMAs with a gap extending its positive trend with a +2.7% gain. Notice that the MACD changed color.
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.
