TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Cathie Wood’s ARKK dumped Nvidia stock before $560 billion surge.
- Stocks rise as AI Euphopia outweighs US debt risks.
- Nvidia eyes the $1 trillion club as AI outlook sparks rally.
- China warnings flash across global markets as growth disappoints.
MarketWatch:
- ‘Unprecedented’ and ‘unfathomable’: Jaws drop on Wall Street as Nvidia’s stock rockets after AI outlook.
- Nvidia stock soars toward all-time high as record revenue forecast backed by ‘killer app’ of AI.
- JPMorgan lays off about 1,000 former First Republic employees.
yahoo! finance:
- US economy beats back recession fears after GDP, jobs data.
- Nasdaq rallies as Nvidia soars.
- Progressiveness apply pressure as debt ceiling risks climb.
Nvidia stole all the limelight with its revenue forecast backed by AI app. This stock remains our no. 1 AI stock.
Global Indexes
S&P 500
Nvidia’s surge also boosted the S&P 500 to close above its EMA8 line.
DAX
The DAX was still correcting towards strong support.
HANG SENG
The HANG SENG made another gap downwards with Frontrunner predicting further lows to come. This index is in all negative territory with all resistances above it.
NYSE & NASDAQ Stocks
NVIDIA Corporation
Wall Street was stunned with NVIDIA’s soar. This share is now in 3rd gear with Frontrunner predicting further highs. It also smashed its previous high with a large gap.
Advance Micro Devices Inc
On NVIDA’s heals was Advance Micro Devices, our no.2 share, gaining 11.2% also with a gap.
JSE Stocks
JSE All Shares
The positive move on the US also stalled the JSE All Shares correction, still closing below its 50-day moving average.
Ninety One Ltd
Ninety One made an engulfing bull candle on strong support. Notice where Frontrunner broke up with a MACD changing color.
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.
