TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Tech up in late hours on Nvidia’s bullish outlook.
- China tightens grip on stocks with net sale ban at open, close.
- China stocks jump to highest in weeks as support measures mount.
MarketWatch:
- Nvidia earnings send stock rocketing as company cheers AI ‘tipping point’.
- Royal Caribbean raises guidance on heated demand for cruises.
- Rivian’s stock tanks after EV maker expects flat production for the year.
yahoo! finance:
- Nvidia achieves high-stakes earnings triumph.
- S&P 500 flips to green before Nvidia earnings.
- Fed worried about cutting rates too soon.
Nvidia’s earnings came after the markets were closed so the affect will only be seen today. The stock jumped 9% in afterhours trading and the Nasdaq futures currently shows a +1.5% opening for the Nasdaq.
Global Indexes
S&P 500
The S&P 500 turned green ahead of Nvidia’s results just before closing. We will see the effect today as its futures shows +0.71% currently.
DAX
The DAX continued its uncertain movement with another doji, also waiting for what was going to happen in the US.
HANG SENG
The HANG SENG is continuing its current positive trend as China support measures mount.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA closed lower as more scared investors took profit. You can expect a gap opening today that will wipe the losses of the past 3 days as Nvidia dominance was confirmed with beating estimates.
Exxon Mobil Corp
Exxon Mobil advanced to close at the top of the flag it is forming. The close is also just below its 200 DMA. We are expecting a break to the top of the flag.
JSE Stocks
JSE All Shares
Similar to the DAX the JSE All Shares was also waiting for what will happen in the US. The indecision high wave candle confirms this.
Truworths International Ltd
Truworths also formed a flag. It is busy attacking the top resistance of the flag.
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.
