TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Asia stocks rally ahead of jobs data, Yen firms.
- Stocks climb on bets Fed, ECB closer to rate cuts.
MarketWatch:
- Biden lays plan to lower housing costs ahead of State of the Union, but effort draws criticism.
- US to build temporary port to deliver aid to Gaza as cease-fire talks stall.
- S&P 500 notches record close as investors claw back tech-driven losses.
yahoo! finance:
- S&P 500 surges to fresh record.
- Broadcom revenue beats but investors unimpressed.
- Warren Buffett says he would not pay $25 for all the Bitcoin in the world – He considers Crypto ‘Rat Poison’.
- Warren Buffett’s Berkshire Hathaway is sitting on a massive $167.6 billion cash.
The S&P 500 made a fresh record close ahead of today’s jobs report. The report may give new momentum to the markets.
Global Indexes
S&P 500
The S&P 500 closed at a fresh new high extending its positive trend.
DAX
Similar for the DAX with a bounce on its EMA8 line.
HANG SENG
Its 50 DMA is still acting as support for the HANG SENG. There is a bounce on this line today, but due to data gremlins it cannot be shown. It is currently trading at 16370.
NYSE & NASDAQ Stocks
Novo Nordisk AS
Novo Nordisk another 9% gap. Never ignore a share that makes so many positive gaps! We count 13 in the current positive trend.
Taiwan Semiconductor
TSM also closed at a fresh new high. Its positive trend started with a large gap with Q4 earnings beat and is continuously making new gaps. DO NOT IGNORE THOSE GAPS!
JSE Stocks
JSE All Shares
The JSE All Shares is still unsure and closed with a long-legged doji just below its 50 DMA.
Anglo American PLC
We showed Anglo America yesterday when it made an engulfing bull candle in oversold territory. It then broke a very long-term negative trend and 50 DMA lines yesterday.
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.
