TAGS: Technical analysis software
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News in Brief
Bloomberg:
- China cracks down on short sales, Quants to boost stocks.
- S&P 500 tops 5,600 mark in longest rally this year.
- YouTube is a $455 billion media giant hiding in plain sight.
MarketWatch:
- Costco stock rallies after membership fees raised for first time in 7 years. But high expectations could limit gains, analyst says.
- As Nvidia’s stock nears record levels, this is the key to future outperformance.
- Opinion: AMD looks to ‘move fast’ and swipe at Nvidia with its purchase of Silo AI.
yahoo! finance:
- Big Tech surges as S&P 500 crosses 5,600 for first time.
- CPI report could bolster case for rate cuts.
- Asian stocks echo US rally as Tech bolster mood.
- Oil extends advance as shrinking US crude stockpiles buoys mood.
There is a new surge on markets after the S&P 500 tops its 5,600 mark.
Global Indexes
S&P 500
The S&P 500 bolstered past its 5,600 level to close with a 1% gain.
DAX
The DAX bounced on its short-term positive trend line with a piercing candle to close just below its 50 DMA.
HANG SENG
The HANG SENG is following the US and currently trading on its EMA8 line and just below its negative trend line.
NYSE & NASDAQ Stocks
Advanced Micro Devices Inc
AMD extended its positive trend with a 3.9% gain.
NVIDIA Corporation
Not far behind was NVIDIA. It is nearing top resistance after correcting from it.
JSE Stocks
JSE All Shares
The JSE All Shares did not have time to react on the US move and was still correcting down.
Absa Bank Ltd
We are showing the weekly chart of Absa Bank. After a long correction since the beginning of 2023, it is busy breaking up. Even its Trend Factor turned positive.
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.
