TAGS: What are the best investments in South Africa
Bloomberg:
- Tesla rebound speeds up as Cathie Wood scoops up stock
- Stock shorts fold in best two-day rally since 2020
- Hong Kong stocks surge most in Asia after return from holiday
MarketWatch:
- DOW jumps 825 points Tuesday to extend strong start to fourth quarter
- History shows S&P 500 bounce from 2022 low may not signal bear market’s end. cautions Bespoke
- Visa ‘stands to lose most’ from Fed’s new debit-card rules, analyst says
We had a strong rebound that broke first resistances on global markets. When bears have to close their open positions, you always get a strong rebound as there are not enough shares available to buy.
Global Indexes
S&P 500
The S&P 500 broke first resistances and did so with a breakaway gap.
DAX
Similar for the DAX.
HANG SENG
And a similar move for the HANG SENG today after the holiday.
NYSE & NASDAQ Stocks
Caesars Entertainment Corp
Entertainment and cruise stocks made the strongest gains on the S&P 500. Caesars Entertainment also made a breakaway gap with its 11.4% gain.
NVIDIA Corporation
Even NVIDIA made a breakaway gap after consolidating above the $120 level.
JSE Stocks
JSE All Share
The JSE All Share followed global markets with a breakaway gap. Notice where the power signals were given. The MACD is about to turn positive.
Anglo American Platinum Ltd
Anglo American Platinum also made a breakaway gap. The MACD has been green for 4 days. Notice the performance for the week …. +22.7%.
Algomodel Startegies, 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.
