TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Asia stocks face pressure as China congress begins.
- Wall Street holds back on big bets before key data.
- TSMC surges to record high on AI optimism, global chip rally.
MarketWatch:
- Nasdaq has gone more than 300 days without a major pullback. Does that mean a shakeout is overdue.
- Dow, S&P 500 end lower as investors await Powell testimony.
- AI boom in data centers has top tech companies spending more than major oil companies on capex.
- Opinion: Nervous about the US market at all-time highs? Buy China stocks. [Bad advice?]
- 25 of the best-performing stocks in the S&P 500 appear to be better values than they were a year ago. Nvidia is one of them.
yahoo! finance:
- Tesla skids over 7 % after China sales slump.
- Bitcoin rally will extend to ‘summer and beyond’: Strategist.
- Bank of America is latest to boost S&P price target.
We expect a conservative approach from the Fed again. BAC gave the S&P 500 a new target of 5400.
Global Indexes
S&P 500
The uncertain doji of the S&P 500 confirms the waiting for key data. Target set by BAC 5400.
DAX
The DAX also stalled with a small body candle.
HANG SENG
Not much confidence at the HANG SENG as it broke down to trade below its EMA8 line to confirm a new negative trend starting.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA made another gap and did not close near the high of the day as markets took a breather. Is this an exhaustion gap? We will have to wait to find out.
Taiwan Semiconductor
TSM made a similar gap to break its top resistance as the share followed the global chip rally.
JSE Stocks
JSE All Shares
The JSE All Shares made one very large, inverted hammer candle confirming indecision in this market.
AngloGold Ashanti Ltd
Gold shares on the JSE gapped up with AngloGold taking the lead.
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.
