TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Stocks rise on hopes inflation pressures will ease.
- Bearish trades crater fast in Wall Street’s high-momentum rally.
- BofA’s Hartnett says stock rally is moving closer to sell signal.
MarketWatch:
- Stocka are making Americans feel richer – and the Fed’s inflation fight harder.
- US stocks end higher Friday, but Dow snaps five straight weeks of gains.
- Goldman Sachs pushes back timing for first Fed rate cut to September.
yahoo! finance:
- Tech lifts Nasdaq to record high to end volatile week.
- Dell hits record high amid rally in AI stocks.
- Nvidia CEO says Tesla ‘far ahead’ in self-driving tech.
- Boeing’s first astronaut flight now set for June.
- Oil prices little changed as markets look to OPEC+ meeting.
It was Nvidia that boosted AI stocks to lift the Nasdaq to a new high. The US markets are closed today for a public holiday.
Global Indexes
S&P 500
The S&P 500 closed above its EMA8 line after dipping only one day below it.
DAX
The DAX remained uncertain with a long-legged doji on its EMA8 line and 6 small body candles next to each other.
HANG SENG
The HANG SENG is extending its negative trend line on Friday, now moving into oversold territory. It is currently trading with an uncertain doji about direction.
NYSE & NASDAQ Stocks
NVIDIA
Analysts have adjusted their target price of Nvidia to an average of $1168. Notice that there are a 113% difference between the lowest (655) and highest (1400) analyst target! Who must you believe? Technical analysis will show the way.
Deere Company
A share to watch is Deere that is now moving into oversold territory with its correction. It is nearing the lowest estimate of analysts of $365.
JSE Stocks
JSE All Shares
The JSE All Shares made an indecision high wave pattern.
Sanlam Ltd
After Sanlam reached top resistance at R75, it made a high wave candle followed by a long-legged doji. You can read the meanings of all candles in Lesson 9 under the educational section.
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.
