TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Asian stocks gain as Fed rate hopes lift sentiment.
- S&P 500 breaches key levels as stocks power ahead.
- Morgan Stanley strategist see inflation as key for path of stocks.
- Chinese stocks climb post holidays on policy support optimism.
MarketWatch:
- Opinion: The bull market’s final high is still ahead of us.
- Apple reportedly working on its own AI-server chips.
- First crewed flight of Boeing’s Starliner scrubbed 2 hours before takeoff.
- Boeing gets hit with fresh FAA investigation … this time over 787 Dreamliner.
- Dow opens nearly 200 points higher as Fed rate-cut hopes boost stocks.
yahoo! finance:
- Companies are having a stellar earnings season.
- Palantir raises 2024 forecast on robust AI demand.
- Nvidia is missing link in strong earnings season.
The S&P broke its 50 DMA to be back in positive territory. Disney is set for earnings report.
Global Indexes
S&P 500
The S&P 500 broke its 50 DMA and closed with a very positive shaven head candle.
DAX
The DAX bounced off support with a 1% gain.
HANG SENG
The HANG SENG is still catching breath after its strong move.
NYSE & NASDAQ Stocks
NVIDIA Corporation
While everyone is waiting for NVIDIA to report earnings, the share is ticking higher with a MACD that turned green.
Eli Lilly and Co
Eli Lilly bounced to close above its 50 DMA after raising its 2024 revenue guidance by $2 billion. Notice how the MACD turned red during the sideways period.
JSE Stocks
JSE All Shares
The JSE All Shares is hesitantly moving higher as it is in overbought territory.
Impala Platinum Holdings Ltd
Impala Platinum used its 200 DMS as support to bounce 5.5% in oversold territory.
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.
