TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks fluctuate as traders await US CPI.
- Stocks rise as buyers scoop up bargains after rout.
- Boeing gains on optimism labor deal will avert strike.
MarketWatch:
- Apple is heading into a ‘very strong two-year iPhone cycle,’ analyst says.
- Opinion: Another iPhone is boring. Apple must be revolutionary again to save its stock.
- The ‘great wait’ economy is here , and it’s confusing investors.
- Morgan Stanley’s top strategist thinks a half-point Fed interest-rate cut would actually hurt stocks.
yahoo! finance:
- Stocks jump in bounce back from worst week of 2024.
- Goldman Sachs sees ‘magical’ moment for tech stocks.
- Nvidia stock sell-off is overdone, Goldman analyst says.
- ‘AI Supercycle’ is just getting started, says AMD’s CEO.
- Dow, S&P 500 jump as stocks mount a rebound.
- Palantir stock surges on S&P 500 inclusion news.
There are lots of optimism about the next AI cycle as stocks made a bounce back.
Global Indexes
S&P 500
The S&P 500 made an outside/inside positive formation, still below its 50 DMA resistance.
DAX
The similar formation for the DAX above its 50 DMA support.
HANG SENG
The HANG SENG is making two hammer candles on its 200 DMA support.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA made the same outside/inside formation as the indexes with a MACD changing color in oversold territory.
Amazon.com Inc
And the same formation for Amazon.com just above its 200 DMA support.
JSE Stocks
JSE All Shares
The JSE All Shares made an inverted hammer candle on our long-term positive trend line in oversold territory.
Glencore Plc
Glencore also made an inverted hammer candle in oversold territory with a P1 Power Signal.
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.
