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News in Brief
Bloomberg:
- QQQ up in late hours on Nvidia’s bullish forecast.
- Global funds abandon China Blue Chips in $11 billion selloff.
MarketWatch:
- Opinion: Nvidia’s jaw-dropping revenue forecast might not even be its peak.
- Opinion: Nvidia is seeing a generative-AI boom, but don’t bet on it spreading to the rest of tech.
- On eve of Nvidia results, Cathie wood sells more shares in the chip manufacturer.
yahoo! finance:
- Nvidia soars to record after earnings, forecast crush.
- Nvidia earnings: Company is ‘defying all odds’: Analyst.
Nvidia did not disappoint the market and all global markets are bullish, even the Hang Seng.
Global Indexes
S&P 500
The S&P 500 broke its EMA8 and negative trend lines.
DAX
The DAX was still hesitating after all the hammer candles and closed on its EMA8 line.
HANG SENG
The HANG SENG is moving positively, but still below its EMA8 line.
NYSE & NASDAQ Stocks
C3 Ai Inc
C3 Ai also started to lift its head again after its correction.
NVIDIA Corporation
The results of NVIDIA will most probably smash top resistance today. Notice that the MACD turned green. Speculation in after hour trading is that it will go to $530.
JSE Stocks
JSE All Shares
The JSE All Shares remained uncertain at its turn but will most probably follow global markets higher today.
Impala Platinum Holdings Ltd
Impala Platinum finally decided to follow the platinum price higher in very oversold territory.
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.
