TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Asian stocks track US tech gains, eyes on weak yen.
- Tech giants roar as Tesla spikes in late hours.
- Stocks grind higher as earnings take center stage.
MarketWatch:
- Opinion: Elon Musk gives Wall Street what it wants, but more pain could be around corner.
- Tesla earnings: Stock surges as Musk says affordable EV still in Tesla’s future.
- Senate overwhelmingly passes $ 95 billion in aid for Ukraine, Israel and Taiwan.
- Microsoft earnings this week could bring ‘upside across the board’.
- Goldman hasn’t given up on the stock-market rally., but it is starting to get nervous.
yahoo! finance:
- Wall Street cheers Tesla’s goal to make cheaper cars by 2025.
- Visa profit surges as consumer credit-card spending climbs.
- Stocks climb as earnings kick into high gear.
- Coca-Cola signs $1.1B deal for Microsoft cloud, AI services.
- Spotify stock jumps after earnings, revenue beat.
- GM boosts outlook after strong earnings beat.
Earnings are streaming in with good results so far. All is still not well at Tesla as they lay off 2,688 workers in Austin and more than 3,000 in California.
Global Indexes
S&P 500
The S&P 500 broke its short-term negative trend and EMA8 lines with a 1.2% gain. The bounce started on its 4960 support.
DAX
The DAX made a similar break. Its 50 DMA acted as support, and we adjusted our long-term positive trend line to include this bottom.
HANG SENG
The HANG SENG broke its long-term negative trend line this morning following the US gains, heading towards its 200 DMA resistance.
NYSE & NASDAQ Stocks
Philip Morris International Inc
Philip Morris remains in rocket mode. When last have you seen such a steep positive trend line?
Novo Nordisk
Novo Nordisk broke its EMA8, 50 DMA, 200 DMA and its negative trend lines in one move to be in all positive territory.
JSE Stocks
JSE All Shares
The JSE All Shares broke its 50 DMA resistance to close on its 200 DMA. All indications are that we will be back in all positive territory today.
Sasol Ltd
Sasol was the worst performer on the JSE again and is about to test bottom support.
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.
