TAGS: Technical analysis software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Asian stocks follow US gains on lower bond yields.
- Fidelity fund that rode China’s epic rally is back buying stocks.
- Nasdaq 100 halts five-day slide as treasuries gain.
- Indian gas retailers’ shares sink as supply cut hits margins.
- Chinese stocks rebound on guidelines to boost shareholders value.
MarketWatch:
- Nvidia’s earnings could determine the stock market’s near-term direction: BofA.
- Morgan Stanley finally turns bullish on US stocks as it says the S&P 500 could jump as high as 7,400.
- Tesla’s stock jumps as report Trump team will create self-driving rules.
yahoo! finance:
- S&P 500, Nasdaq climb as tesla jumps, Nvidia earnings loom.
- Walmart stock set for best year since 1999 as profits jump.
- Get ready for a big finale to earnings season.
Putin says Biden has taken a big step towards WW III by allowing long distance missiles to be used on Russia.
Global Indexes
S&P 500
The S&P 500 made a small bounce on its first support, still closing below its EMA8 line.
DAX
The DAX is sitting on its EMA8 line.
HANG SENG
The HANG SENG is also struggling to pass its EMA8 line resistance.
NYSE & NASDAQ Stocks
NVIDIA Corporation
We will stay on tap with NVIDIA till after its results. It made an uncertain high wave candle ahead of its results. Notice that 92 analysts give it a buy rating with 6 hold and none giving it a sell.
Halliburton Company
HAL made a breakaway gap and is currently consolidating around $30 with a 28% potential to analysts estimate. Thirteen analysts give it a buy with no selling recommendations.
JSE Stocks
JSE All Shares
The JSE All Shares made a bounce on its long-term positive trend line.
Anglo American Platinum Ltd
AMS gave a P1 Power Signal in oversold territory with its 3.7% gain to close above its 50 DMA resistance.
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.
