TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Stocks in Asia cautious ahead of key US inflation.
- S&P 500 stages late-day rebound with CPI in focus.
- European defense stocks sink after Goldman warns on valuations.
MarketWatch:
- China’s Xi meets with Russian foreign minister in show of support against Western democracies.
- Stock-market rally has likely reached a ‘tipping point’ following spike in Wall Street’s ‘fear gauage’.
- Moderna’s stock jumps 6% as its cancer vaccine could treat more than just melanoma.
- Will inflation ever go down? That’s what frustrated Americans are asking ahead of March CPI.
- Some Apple Vision Pro users suffer black eye, headaches and neck pain.
yahoo! finance:
- Wall Street braces for key inflation report.
- US stocks go nowhere ahead of CPI data.
- Earnings season to test breadth of stock market rally.
The markets are cautious ahead of key inflation data.
Global Indexes
S&P 500
After dipping below its EMA8 and trend lines the S&P 500 staged a late rebound to close above these lines with a long-legged hammer candle.
DAX
The DAX dipped below its short term EMA8 line forming a negative short term trend line.
HANG SENG
The HANG SENG is trading positively and even touching its long-term negative trend line resistance. The start if this negative line is at the beginning of 2023.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla broke its negative trend line, and its 50 DMA resistance will be its next big test. Notice that this share has all the makings of a double bottom to complete a W-formation.
Microsoft Corporation
The graph of Microsoft reacted similar to that of the S&P 500 index with a long-legged doji confirming uncertainty.
JSE Stocks
JSE All Shares
The JSE All Shares is also showing uncertainty with an inverted hammer candle touching its negative trend line.
Northam Platinum Holdings Ltd – Weekly Chart
We want to show the weekly chart of Northam Platinum that broke its 50 DMA and negative trend lines. This chart also has all the makings of a double bottom W-formation.
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.
