TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Tesla’s record run drives nearly $200 billion jump in value.
- BNP warns Central Bank tigtening will sap cash from markets and sink stocks.
MarketWatch:
- Nasdaq Composite notches 7-week winning streak as US stocks end the week higher.
- Mark Zuckerberg says Meta may be ‘primary beneficiary’ of Apple Vision Pro headset.
- Uber announces Carshare, a feature that allows people to loan out their car for money.
yahoo! finance:
- S&P 500 finishes week at highest since August, enters new bull market.
- What recession? Wall Street is getting less worried.
- Netflix US sign-ups rise most in four years after password ….
The S&P 500 ticked higher and closed 1.2 points below its 4300 level.
Global Indexes
S&P 500
The S&P 500 made an attempt to break its 4300 level but closed just below it.
DAX
The DAX is still moving sideways on its EMA8 line.
HANG SENG
The HANG SENG lifted off its 200-day moving average on Friday but is still very hesitant just below its negative trend line.
NYSE & NASDAQ Stocks
Tesla Inc
After Tesla broke its long-term negative trend line it made another gap. We will have to see if this is a continuation or an exhaustion gap as it is in very overbought territory.
Home Depot Inc
Home Depot made a failed attempt to break its 200-day moving average and top resistance at $303. Notice that the failed attempt was with an inverted hammer candle.
JSE Stocks
JSE All Shares
The JSE All Shares remains very uncertain about its next move with another doji below its resistances.
Shoprite Holdings Ltd
Shoprite made a doji sandwich formation to break its 50-day moving average and negative trend line. Frontrunner predicts that we can see an attempt to break its 200-day moving average.
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.
