TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Asian shares ris, bond yields steady at 2024 high.
- Hottest Indian stock index also has the best earnings potential.
- Tesla set to recover top spot in Cathie Wood’s flagship fund.
MarketWatch:
- Wells Fargo raises S&P 500 year-end target to Wall Street-high of 5,535 – but expects more volatility in first half of 2024.
- Opinion: Apple investors finally get a bit of good news.
- Opinion: Financial scammers have a new weapon to steal your money: AI.
- Tesla settles lawsuit over fatal 2018 crash that driver’s family blamed on Autopilot.
yahoo! finance:
- Wall Street just gave its highest S&P 500 forecast yet.
- Trump’s net worth has tumbled by $2b since Truth Social Stock peaked last month.
- Election years are ‘surprisingly positive’ for markets.
The crystal ball is out for 2024 S&P 500 predictions. BUT expect a lot of volatility in between as we are entering the worst 6 months for stock markets with an election ahead.
Global Indexes
S&P 500
The S&P 500 closed unchanged on its EMA8 line. The prediction for the year-end predicts another 6 % gain.
DAX
The DAX bounced to also close on its short term EMA8 line.
HANG SENG
The HANG SENG is trading above its EMA8 line with long-term resistances still above.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla gave a divergence P2 Power Signal after bouncing on its $161 level. Cathy Wood also sees value at this level.
Home Depot Inc
When making a doji in oversold territory Home Depot gave a P1 power signal with a changing color MACD.
JSE Stocks
JSE All Shares
The JSE All Shares is volatile at current level and reversed its previous day’s correction.
Sasol Ltd
After 6 months of corrections (-50%) Sasol finally turned to follow the Brent price. It broke its 50 DMA but has a long road ahead to recover.
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.
