TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Asian stocks, currencies rally after US CPI print.
- S&P 500 tops 5,300 in record-breaking stock rally.
- Buffett’s Berkshire reveals $6.7 billion stake in insurer Chubb.
MarketWatch:
- Michael Burry’s Scion dumps Alphabet and Amazon, buys shares of gold ETF.
- Cisco’s stock rises as demand stabilizes and revenue outlook impresses.
- Biden’s banking rules will fuel inflation, lawmakers say.
- April CPI: Inflation cools slightly, sparking positive market reaction.
yahoo! finance:
- New inflation reading offers hope for Fed rate cut.
- Japan’s Nikkei rides tech rally higher amid US inflation optimism.
- Amazon workers say they struggle to afford food, rent.
- Tesla must face vehicle owners’ lawsuit over self-driving claims.
Only a slight drop in inflation was enough to boost confidence in markets.
Global Indexes
S&P 500
After CPI data the S&P 500 broke top resistance with a gap.
DAX
The DAX also responded positively to the US CPI data.
HANG SENG
Similar for the HANG SENG extending its positive trend.
NYSE & NASDAQ Stocks
Broadcom Ltd
AVGO also broke top resistance with a 4.1% gain.
Berkshire Hathaway
Berkshire Hathaway bounced on its 50 DMA after the doji to confirm the positive trend.
JSE Stocks
JSE All Shares
The JSE All Shares also reacted positive after the indecision high wave candle.
Northam Platinum
The Platinum price is in rocket mode ($1070) and so are our Platinum shares. Northam Platinum gained 5.6% with a MACD turning green.
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.
