TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Treasury Yields surge as jobs spark rethink on Fed.
- China’s $2 trillion stock rally lures global fund holdouts despite risks.
- BofA’s Hartnett says Fed cut could signal trouble for economy.
MarketWatch:
- Stock market faces midweek double whammy with Fed decision following inflation reading.
- Tech stocks see biggest weekly inflows in over 2 months as megacaps stage comeback.
- Three stocks now account for 20% of the S&P 500’s value.
- Fed won’t move interest rates this week.
yahoo! finance:
- Analyst revamps Microsoft stock price target on AI deal.
- Nvidia will remain dominant for next 3-5 years: Analyst.
- Big Tech is driving the S&P 500 rally. The rest have to step up soon.
Nvidia’s 10 to 1 split will be reflected in its price as from today. Fed’s outlook for interest rate policy in 2024 will test investors’ risk appetite with stocks near record highs.
Global Indexes
S&P 500
During my week of absence, the S&P 500 made a 1.3% positive climb.
DAX
The DAX is still moving sideways above its 50 DMA and long-term positive trend line supports.
HANG SENG
The HANG SENG broke its negative short-term trend line to also move into a sideways move.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA is still in a strong upward trend with a 10.3% gain for the week.
Wal-Mart Stores Inc
Wal-Mart made a large engulfing bear candle with a P2 Power Signal, close to the average prediction of analysts.
JSE Stocks
JSE All Shares
The JSE All Shares also moved sideways for the past week. Hopefully the uncertainty of a new government must be sorted out within the next week to give new direction.
Satrix 40 Portfolio
The Satrix 40 is also in a negative trend while the uncertainty of the new government prevails.
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.
