TAGS: Tools to analyse stocks
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- China stocks drop on poor data, politburo outcome.
- Decisive moment arrives with $4 trillion stocks rally at stake.
- S&P 500 climbs as jobs spur ‘heat check’ for bonds.
- BofA’s Hartnett says bonds rally may drag on stocks in early ’24.
- China stocks test critical support levels as selloff extends.
MarketWatch:
- Fed will try to ‘Keep calm and carry on’ amidst talk of steep rate cuts and recession.
- Unemployment rate falls and earnings accelerate as payrolls rise be 199,000.
- Investors are taking more risk as we near the end of 2023.
- S&P 500 may rise to 5,100 by end of 2024 as US stock-market rally broadens, Citi says.
yahoo! finance:
- Inflation expectations hit lowest level since 2021.
- Stocks on win streak after strong jobs report.
- Elon Musk’s X sideshow is subtly hurting Tesla.
Global Markets, excluding Asia, are on a win streak. The Fed meeting later this week could slam brakes on year-end stock rally?
Global Indexes
S&P 500
We adjusted our positive trend line for the S&P 500 to coincide with its EMA8 line. Its all-time high is at 4818.
DAX
The DAX is busy making new all-time highs. Its latest pattern, a doji sandwich, is a continuation pattern. The positive trend line was also adjusted slightly to coincide with its EMA8 line.
HANG SENG
The HANG SENG is extending its negative trend line with gap with more poor data.
NYSE & NASDAQ Stocks
FedEx Corporation
FedEx is busy breaking a medium term high. Its all-time high is at $318.
Boeing Co
Boeing is also busy breaking a medium term high. Its all-time high was at $416 before the 737 crash.
JSE Stocks
JSE All Shares
The winning streak for stocks is not for the JSE. The JSE All Shares is taking a dive after steep price drops by Anglo American and Absa.
Anglo American Plc
The economy in South Africa is taking its toll. Anglo American plans production cuts as rail woes, volatile conditions bite. Notice the P2 power signal warning 3 days before the announcement! (Insider information?)
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.
