TAGS: Stock market analysis made easy.
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Asian stocks extend two-year high before US CPI.
- S&P 500 gets close to all-time high before key CPI.
- Chinese stocks stage a rally that’s yet to convince global funds.
MarketWatch:
- April CPI unlikely to show much progress on inflation, but it probably didn’t get worse.
- Powell says he expects inflation to move down but isn’t completely confident in this forecast.
- Nvidia CEO Jensen Huang saw his pay jump 60% last year, topping what rivals made.
yahoo! finance:
- April CPI report: Inflation expected to tick down.
- Justice Department says Boeing violated 737 Max crash settlement.
- Nasdaq hits record, meme rally roars before key inflation print.
Key CPI report due today with no confidence in forecasts.
Global Indexes
S&P 500
The S&P 500 extended its trend ahead of key CPI data.
DAX
The DAX is showing uncertainty with a small body candle.
HANG SENG
The HANG SENG is currently trading lower than yesterday’s close.
NYSE & NASDAQ Stocks
Broadcom Ltd
AVGO is on its way to test top resistance again.
The Coca-Cola Co
Coca-Cola made an engulfing bear candle with a P2 Power signal in overbought territory.
JSE Stocks
JSE All Shares
The JSE All Shares made an indecision high wave candle in overbought territory.
Naspers Ltd
Naspers and Prosus broke top resistance while following the strong rally of Tencent.
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.
