TAGS: Technical analysis software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Asian stocks gain, Dollar pares losses after slump.
- Dollar quickly trims losses on Trump’s remarks.
- Nvidia investors look to Huang CES speech to spark next breakout.
MarketWatch:
- Fed official delivers a bunt message to the stock market – which ignores it.
- Dow ends lower while Nasdaq logs best start to a year since 2009.
- Fed has hit the pause button for rates, and may only cut once this year, experts say.
- US Steel and Nippon file multiple lawsuits after Biden blocks planned merger.
- Trump policies will likely have ‘modest’ effect on inflation, Bernanke says.
- Nvidia’s stock rallies as AI chip trade reloads for fresh run higher.
yahoo! finance:
- Nvidia surges to record high as CEO takes spotlight.
- McDonald’s to launch national McValue menu as it looks for a boost.
- Jobs report arrives in big week for Tech.
- Nasdaq, S&P 500 surge as chip gains buoy stocks.
- Amazon signs $1B deal for AI mapping, location tech.
- Fed’s Cook says officials can be more cautious with rate cuts.
The market is regaining all the correction losses of December 2024.
Global Indexes
S&P 500
The S&P 500 made a gap but ended with an indecision high wave candle touching its negative trend line.
DAX
The DAX attacked its EMA8 line resistance with a P1 Power signal.
HANG SENG
The HANG SENG took the downwards path and next support is at 19000.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA did manage to close at a new high, but with an indecision high wave candle at top resistance.
Micron Technology Inc
MU made a breakaway gap with a 10.4% gain. 22 Analysts gives this share a strong buy with a target price of $137.
JSE Stocks
JSE All Shares
The JSE All Shares is very uncertain with its long-legged doji about its next move.
WE BUY CARS Holdings Ltd
WBC stole the limelight with its 5.1% gain after its correction.
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.
