50th All-Time High

TAGS: Technical analysis software

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News in Brief

Bloomberg:

  • Chinese stocks slide on disappointing fiscal plan, weak data.
  • Asian stocks fall as China support disappoints.
  • S&P 500 notches its 50th all-time high in 2024.
  • Investors dial back ‘Trump Trades’ as Policy questions remain.

MarketWatch:

  • More companies than usual is downbeat on Q4 – but Wall Street’s profit estimates are still strong.
  • The S&P 500 breaks 6,000 and the Dow tops 44,000.
  • S&P 500 in a ‘mania’ as stock-market rally overshoots, says Wall Street bear.

yahoo! finance:

  • Quarterly results from Home Depot, Cisco, and Disney will highlight the week of earnings reports.
  • Trump’s first big fight: Powell’s refusal to resign from the Fed.
  • Silicon Valley venture capitalists react to Trump’s victory: “Buckle Up’.
  • Nvidia joins the Dow after another huge week.
  • Tesla stock closes at highest level in over 2 years.
  • Newman: The progressive dream is dead.

We are actually busy with the best two months of the year for stocks, but then we did not have all-time highs. The overall sentiment is that stocks could keep climbing.

Global Indexes

S&P 500

The S&P 500 made an all-time high, but is moving into overbought territory.

DAX

The DAX made a negative piercing candle that closed below its EMA8 line.

HANG SENG

The HANG SENG made a downwards gap on disappointing fiscal plan.

NYSE & NASDAQ Stocks

Tesla Inc

TESLA had the best daily and weekly move. Its previous high is at $380.

salesforce.com Inc

CRM broke top resistance with Frontrunner warning of more highs to come.

JSE Stocks

JSE All Shares

The JSE All Shares had a negative day similar to all Europe, Middle East & Africa shares.

Sasol Ltd

The once blue-chip share Sasol had the worst day and wants to attack bottom support again. This share turned at R630 and is now only R99 worth.

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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