Hope in Beijing’s Promises

TAGS: Technical analysis software

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News in Brief

Bloomberg:

  • Tokyo Metro’s IPO set to raise $2.3 billion in Japan’s biggest listing in six years.
  • Chinese stocks climb as traders see hope in Beijing’s promises.
  • CEO’s and analysts are at odds about S&P 500’s earnings outlook.

MarketWatch:

  • Bank earnings: Bank of America, Goldman Sachs and Citi poised to report results.
  • US reportedly considering caps on exports of AI chips to certain countries.
  • Google becomes the latest tech giant to strike a nuclear-power deal for AI.
  • Opinion: A stock-market upside breakout is just around the corner. Be patient.

yahoo! finance:

  • EV sales are rising in the US and nearing an important turning point.
  • Dow, S&P clinch fresh highs as Nvidia jumps to record.
  • Nvidia, other chip stocks surge with no sign of AI slowdown – yet.
  • Google to buy power from nuclear reactor company Kairos for AI needs.

As the bull market enters it 3rd year the global markets remain bullish.

Global Indexes

S&P 500

The S&P 500 closed at a fresh new high as the bull trend continues.

DAX

Similar for the DAX.

HANG SENG

The HANG SENG is trending sideways with stimulus promises in the air.

NYSE & NASDAQ Stocks

NVIDIA Corporation

NVIDIA closed at a fresh new high. Notice that our resistance line at $140 was not a close, but an open price of the day with a closing price much lower. When a candle is colored in it shows a negative day with its close lower than the opening price.

Microsoft Corporation

MSFT is making an attempt to break its 50 DMA, 200 DMA and negative trend line, all at the same time.

JSE Stocks

JSE All Shares

The JSE All Shares joined global markets trending higher.

WE BUY CARS Holding Ltd

WBC broke top resistance to continue its strong trend since listing.

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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