TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Stocks fall on rate-cut doubts, Japan warns on Yen.
- Nvidia’s $560 billion gain has street racing to lift targets.
- Nikkei 225 gains as much as 3% on strong tech earnings.
MarketWatch:
- Wall Street roiled by ‘Still Sticky’ CPI signals.
- Airbnb’s stock falls despite revenue beat, positive guidance.
- Nvidia closes with a market cap above Amazon’s for the first time since 2002.
- Stock-market tumble shows investors now face ‘fed’s reality’ in inflation fight.
- New-year pickup in US inflation is a shot across the Fed’s bow.
- Fed rate cut now ‘off the menu’ until second half of 2024, portfolio managers say.
- PayPal’s stock lands a downgrade as earnings growth gets ‘difficult to envision’.
yahoo! finance:
- Inflation comes in hot, defying forecasts for faster slowdown.
- Inflation data spooks Wall Street as stock sell off.
- Stocks plummet after hot CPI.
- Asia stocks track US declines after inflation miss.
- Coca-Cola beats on sales amid resilient demand, higher prices.
The CPI data caught the market off guard, and we had a sell off day.
Global Indexes
S&P 500
The CPI sell off caused a gap for the S&P 500 but it managed still to close above its long-term positive trend line.
DAX
After testing the fresh air above top resistance the DAX also dropped back into its sideways channel.
HANG SENG
The HANG SENG opened today with an uncertain doji, still in all negative territory.
NYSE & NASDAQ Stocks
NVIDIA Corporation
The sell off did not scare NVIDIA as much as other shares and we only had a 0.2% drop. Goldman Sachs target still remains $800.
Advanced Micro Devices Inc
AMD is forming a flag, and a breakout will give new direction.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower and is moving into semi-oversold territory.
Gold
The reason why gold shares dropped the most on the JSE is the Gold price dropping.
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.
