TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- South Korea unveils corporate value-boosting plan to replicate Japan.
- Stocks rally wanes after S&P 500 touches 5,100 mark.
- Stock rally as AI craze sweeps across the world.
- Nvidia tops meta record with $277 billion surge in value.
MarketWatch:
- Fed plans to keep interest rates high through the spring – no doubt about it.
- Nvidia flirts with $2 trillion valuation but fails to finish there.
- Opinion: Nvidia is the “Magnificent One’ now.
- Nvidia CEO Jensen Huang get $9.6 billion richer on chipmaker’s share-price surge.
- ‘AI bubble is not in trouble.’ History shows Nvidia’s blistering post-earnings rally won’t fade, says Citi.
yahoo! finance:
- Lufthansa says it wants quick pay deal with unions.
- S&P, Dow hit new records to end Nvidia-fueled rally week.
- Soaring stocks could soon see the Fed back in the driver’s seat.
- S&P 500 to rise 30% over next two years: Strategist
What a week with Nvidia dominance on all markets. With stocks near record highs, the Fed’s interest rate path will come back into focus.
Global Indexes
S&P 500
The S&P 500 took a breather after touching the 5,100 mark.
DAX
The DAX inched higher after the gap.
HANG SENG
The HANG SENG made an inverted hammer after its 8-day rally and opened lower today in overbought territory.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA also took a breather to close just below its next target of $800. It remains the No. 1 AI share.
Goldman Sachs Group Inc
Goldman Sachs is struggling to stay above $390 with two inverted hammer candles next to each other.
JSE Stocks
JSE All Shares
The JSE All Shares is very uncertain about its next move with a high wave candle. It has its 50 DMA as support below (dark blue) and its 200 DMA resistance (orange) above.
Anglo American PLC
Anglo American advanced to a very strong long-term resistance line. When this line was broken 8 weeks ago it only advanced to its 200 DMA that acted as resistance. It is heading towards it again.
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.
