TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Stock bull run powers ahead after blockbusters jobs.
- Uranium stocks soar on bullish Goldman Sachs call, Kazakhstan flooding.
MarketWatch:
- US stocks end higher after jobs report to wrap up rough week.
- ‘Eye-popping’ March jobs report shows labor market and US economy are still going strong.
- Biden says Amazon, Home Depot and other companies commit to avoiding layoffs in Baltimore after bridge collapse.
- Elon Musk says Tesla will reveal a ‘robotaxi’ in August.
- Meta asks judge to dismiss FTC antitrust case.
- Tesla is raising compensation for AI engineers as talent war heats up, says Elon Musk.
- Brazil Supreme Court justice investigating Elon Musk over fake news, obstruction.
yahoo! finance:
- The start of first quarter earnings season and a reading on inflation greet investors as the interest rate cut debate rolls on.
- US economy has Wall Street ‘borderline speechless’.
- Tech leads market surge after jobs report blowout.
- The Fed’s decision on rates isn’t getting any easier.
At the one end we have the scare of inflation with a strong economy at the other end. This is causing a lot of volatility on the markets. We adjusted most of our positive tight trend lines to give the bull trend more breathing space.
There was a server email problem last week. Although emails did not go out the market reviews were still available on the web. Problem seems to be resolved today.
Global Indexes
S&P 500
The bounce of the S&P 500 closed on its EMA8 line. Our adjusted positive trend line (green) now includes 5 touches making it a stronger support trend line.
DAX
The DAX closed below its short term EMA8 line with the longer-term trend and 50 DMA lines still a distance below.
HANG SENG
On Friday the HANG SENG bounced on our positive trend line with a hammer candle with 0% gain. Today it opened below its EMA8 line and then quickly gained to trade above it in short-term positive territory.
NYSE & NASDAQ Stocks
Amazon.com Inc
The was no need to adjust our positive trend line for Amazon.com. Some analysts are giving this share a target of $208 on its weekly chart. “The trend is your friend” … ignore all other technical signals!
Caterpillar Inc
Caterpillar is making new highs already in a 3rd gear trend line.
JSE Stocks
JSE All Shares
The JSE All Shares also retreated before the US jobs data and did not recover fully from the drop.
Anglo American PLC
Anglo American managed to stay above its 200 DMA in all positive territory. Its trend is in a second gear.
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.
