TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks gain on optimism over China stimulus.
- Chinese stocks rally after top leaders signal bolder stimulus.
- Chinese stocks in US rally after top leaders signal bolder stimulus.
- Stocks waver as geopolitics temper China led boost.
- Chinese stocks, Yuan stage late rebound on politburo pledges.
MarketWatch:
- US stocks end lower as investors await CPI inflation reading.
- It’s time to sell the US dollar, Morgan Stanley says.
- Nvidia reportedly facing China antitrust probe.
- Oracle’s roaring stock rally cools as latest results fail to live up to the hype.
yahoo! finance:
- Stocks start week under pressure as Nvidia slips.
- Nvidia slides amid China antitrust probe.
- New top S&P 500 bull emerges with 7,100 target.
- Tensions between Trump and Powell are cooling. For now.
- Omnicon takes aim at Big Tech, AI era with $13B Interpublic deal.
While the US is awaiting inflation data, China stocks jump on Politburo policy shift.
Global Indexes
S&P 500
The S&P 500 slipped to closed on its EMA8 line. We were in overbought territory.
DAX
The DAX also corrected from its extreme overbought territory.
HANG SENG
The HANG SENG took off with a breakaway gap today but is easing back currently.
NYSE & NASDAQ Stocks
Palantir Technologies Inc
PLTR reached the highest prediction of 16 analysts, way above the average estimate of $39. It made an engulfing bear candle at this level with a P2 Power Signal.
Alibaba Group Holding Ltd
BABA is one of the Chinese stocks that took off. Notice that the bounce came off its 200 DMA and that the negative trend line is broken.
JSE Stocks
JSE All Shares
The JSE All Shares had a positive day that took it to top resistance.
Kumba Iron Ore Ltd
The China stimulus also helped some JSE shares. KIO took off from a flat base to break its 50 DMA.
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.
