TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Stocks rise, Dollar slips ahead of inflation data.
- AI frenzy draws stock traders to Southeast Asia’s likely winners.
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.
yahoo! finance:
- Wall Street is getting even more bullish on stocks.
- Euro stocks get lift from rate outlook, dollar dips.
- Oil edges higher with OPEC+ and US demand in focus.
As the stock market rally rolls on, Wall Street is growing increasingly optimistic. The futures are positive for Wall Street reopen today.
Global Indexes
S&P 500
The S&P 500 closed above its EMA8 line after dipping only one day below it. This market was closed yesterday.
DAX
The DAX lifted its head after sitting on its EMA8 line the past few days.
HANG SENG
The HANG SENG ended with an engulfing bull candle yesterday and is currently trading just below its EMA8 line.
NYSE & NASDAQ Stocks
These indexes were closed yesterday.
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 is waiting for US direction after an indecision high wave pattern.
Bid Corporation Ltd
BID made an indecision high wave pattern in oversold territory above its R412 support.
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.
