TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Hong Kong leads Asian stocks higher, bonds fall.
- Trump’s net worth drops $1 billion as social media firm sinks.
- Stocks join losses in bonds as Fed-Cut wagers fade.
- Asian stocks gain ahead of key US inflation data.
- Stock bulls crush Naysayers with $4 trillion rally.
- Wall street on edge with momentum trade wrapping up historic quarter.
- Trump Media options are so costly Bill Gross wants to sell them.
MarketWatch:
- The average S&P 500 stock is as overvalued as the ‘Magnificent Seven’, Goldman says.
- Inflation risks appear to be rising, threatening to throw Fed’s rate-cut hopes into disarray.
- Three Fed interest-rate cuts this year? Yes, top banking economists say.
- Building a new Baltimore bridge could take years and cost at least $400 million, experts say.
- Tesla has had a ‘nightmare’ first quarter amid weak China demand.
yahoo! finance:
- Trump Media sinks as new filing reveals heavy losses.
- Stocks wobble, yields rise ro kick off second quarter.
- With China EV launch, Xiaomi’s ‘Thor’ takes on Musk.
- Key Fed inflation data keeps June rate cut in play.
The higher inflation gauge could not influence the markets on Good Friday as they were closed. We will most probably only see market reactions today as only a few markets were open yesterday.
Global Indexes
S&P 500
The S&P 500 was open yesterday and stalled against its 5260 resistance.
DAX
The DAX was closed and ended its week with a small body candle.
HANG SENG
The HANG SENG took off with a gap today to break its short-term negative trend line.
NYSE & NASDAQ Stocks
Alphabet Inc
Google ignored its overbought situation and broke top resistance yesterday.
Digital World Acquisition
Not much data yet, but we thought it interesting to show Trump’s new listing. From its high on opening day DTJ has fallen 38.6% to the close of yesterday. As there is not enough data for any technical indicator, we can only notice that the close of every candle is lower than the opening (all negative day candles).
JSE Stocks
JSE All Shares
The JSE All Shares continued its short-term positive trend to break its 200 DMA. This market was closed yesterday.
Satrix RESI Portfolio
After hesitating below its 200 DMA the Satrix RESI broke it with a gap to continue its positive trend.
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.
