TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Asian stocks edge lower with earnings in focus.
- Stock rally wavers as S&P 500 briefly tops 5,200.
MarketWatch:
- US paused bomb shipment to Israel to signal concerns over Rafah assault, official says.
- Opinion: The Fed should let Treasury yields rise and end its obsession with lower rates.
- Rivian’s losses widen and stock falls 5%, but execs see profit look improving.
- Disney earnings send stock sliding almost 10% to its worst day since 2022.
yahoo! finance:
- Asia stocks drift, dollar firm as Fed rate path pondered.
- INSIGHT-In rapidly ageing China, millions can’t afford to retire.
- Oil declines with US stockpiles and Mideast tensions in focus.
Walt Disney as its earnings came up short of Wall Street’s expectations.
Global Indexes
S&P 500
The S&P 500 made an uncertain doji in overbought territory.
DAX
The DAX was still moving strong towards top resistance.
HANG SENG
The HANG SENG is also uncertain in overbought territory with 4 small body candles next to each other.
NYSE & NASDAQ Stocks
Walt Disney Co
The earnings of Walt Disney disappointed and the share got punished.
Novo Nordisk AS
Novo Nordisk expanded approval of its blockbuster weight-loss drug to make the share bounce on support. Its breakaway gap closed on its 50 DMA.
JSE Stocks
JSE All Shares
The JSE All Shares hesitantly extended its positive trend also in overbought territory.
Northam Platinum Holdings Ltd
Northam Platinum took the honors on the JSE with its 5.6% gain. Its 200 DMA acted as support for its correction.
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.
