TAGS: How to analyze shares and stocks
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News in Brief
Bloomberg:
- Stocks mixed as China’s rally halts, Japan slips.
- Stock traders bracing for worst shrug off hot CPI.
- Morgan Stanley’s Wilson sees no reason to raise S&P 500 target.
- Chinese stocks gain 20% from lows, fueling market bottom calls.
MarketWatch:
- Global stocks are headed for a correction – but like not a bear market, strategist say.
- S&P 500 ends at record high, shrugging off hotter-than-expected inflation reading.
- Fears of ‘extrahot’ CPI figures fail to materialize, boosting markets.
- IBM begins layoffs amid push toward AI.
- Tesla’s stock chart sends warning to bears that momentum may have bottomed.
yahoo! finance:
- Boeing is in big trouble. Now the second-worst performer in the S&P 500 after Tesla.
- Sticky CPI reading likely won’t knock Fed off course.
- CPI reports shows inflation pressures persisting.
- US stocks march higher after CPI surprise.
- Dimon urges Fed not to cut rates in June: ‘I would wait’.
Be careful of the one-day reaction to sticky inflation as the markets are due for a correction.
Global Indexes
S&P 500
The S&P 500 closed at a new high extending its long positive trend.
DAX
Similar for the DAX.
HANG SENG
The HANG SENG is hesitating at a resistance of 10 weeks earlier.
NYSE & NASDAQ Stocks
Tesla Inc
The warning to bears mentioned in the new is that Tesla stalled its downtrend on previous support. It made an inverted hammer and log-legged doji next to each other on support where a previous P2 Power signal was given.
NVIDIA Corporation
NVIDIA made the largest bounce in the S&P 500 with its 7.2% gain. We will have to see if the $1200 projection is still on the cards.
JSE Stocks
JSE All Shares
The JSE All Shares made a doji with a large upper shadow that touched its 200 DMA, only to fall back and close unchanged below resistances.
British American Tobacco PLC
After the doji with a P1 Power Signal and its MACD changing color, BTI launched past its short-term negative trend line to close just above its 50 DMA. Notice that all this happened in oversold territory.
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.
