TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Corporate America’s surprising profits help propel stock rally.
- Bezos sells $2 billion Amazon shares in first major stock sale since 2021.
- Stocks mania rages on as S&P 500 closes above 5,000.
- NYCB rallies as CEO, Board buy shares after $4 billion rout.
MarketWatch:
- The first big inflation report of 2024 is coming out.
- US stocks have just accomplished something that hasn’t happened since 1972.
- Amazon’s stock just racked up its highest close in more than 2 years.
- It’s official: Microsoft is the most valuable company ever.
yahoo! finance:
- Week ahead: Inflation, retail sales, and corporate earnings.
- Nike needs new sneakers – not retro ones – to stay on top: Analyst.
- Fed’s Logan: No urgency on rate cuts.
- Moody’s downgrades Israel due to war impact.
As the markets climb higher the more spooks appear around a collapse. If you believed the news, you would have missed the US rally as investors stashed $6.5 trillion away in cash. It is best to follow the TREND.
Global Indexes
S&P 500
The S&P 500 closed above its 5,000 mark after hesitating only one day with a doji.
DAX
The DAX is still moving sideways just below its 17,000 resistance that has now been touched 7 times.
HANG SENG
Currently the worst index in the world, the HANG SENG closed with a hammer candle in all negative territory.
NYSE & NASDAQ Stocks
C3 Ai Inc
AI was the star of the say with its 6.15% gain. It boasted with a 17% revenue growth increase. We show where the P1 Power signal was given with a frontrunner break and a MACD turning green two weeks later. Also notice the volume increase.
NVIDIA Corporation
Sorry for staying with AI shares, but they are the winners. NVIDIA is well on its way to the target of $800 set by Goldman Sachs. Notice that its top resistance was broken at $504.
JSE Stocks
JSE All Shares
The JSE All Shares is following the Hang Seng downwards after it could not break resistances above.
Anglo American Platinum Ltd
AMS, similar to Sasol, is heading down at a fast negative trend. Notice that Frontrunner is warning that its bottom has not been reached. It will most probably find support at 590-600.
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.
