Fresh Records for DOW & S&P 500

TAGS: Technical analysis software

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News in Brief

Bloomberg:

  • China stocks turn volatile as traders wait for MOF briefing.
  • ‘Crazy’ Chinese stock swings ignite biggest-ever trading frenzy.

MarketWatch:

  • The Dow is running hot. History says that’s usually a good sign.
  • Asian markets rise after Wall Street rally, and China promises a briefing.
  • Broadcom’s stock stands alone in the chip sector as it seals new high.

yahoo! finance:

  • Dow, S&P 500 vault to fresh records as CPI looms.
  • Amazon adds Apple TV+ to its Prime Video streaming service in US.
  • Fed minutes reveal lively debate on jumbo cut.

Markets are all positive moving North.

Global Indexes

S&P 500

Bull rally continues with fresh high for the S&P 500.

DAX

The DAX is also accelerating and crossed its EMA8 line.

HANG SENG

The HANG SENG is making an outside/inside pattern on its EMA8 line.

NYSE & NASDAQ Stocks

Broadcom Ltd

AVGO is the first AI share to break top resistance.

Home Depot Inc

HD is also breaking top resistance escalating past most price targets.

JSE Stocks

JSE All Shares

The JSE All Shares concluded its day with a hammer candle (turning candle).

Impala Platinum Holdings Ltd

IMP is about to test resistance today. Hopefully the positive global markets will give it the steam that is needed.

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.

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