TAGS: How to analyze shares and stocks
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News in Brief
Bloomberg:
- Global stocks advance ahead of US inflation data.
- China is fast losing its place as must-have in global portfolios.
- Japan shares beat Asia peers with indexes hitting 34-year highs.
MarketWatch:
- SEC approves spot bitcoin ETFs for trade starting Thursday.
- Fed’s Williams says interest rates need to stay high ‘ for some time’ to ensure inflation is tamed.
- Walmart drew wealthier customers as prices surged. One analyst thinks the retailer can keep them.
- Nvidia’s stock could rise above $600 – despite signs it’s already overbought.
yahoo! finance:
- Tech leads stock higher as inflation data looms.
- Inflation report: An upside surprise isn’t priced in, strategist says.
Tech is leading the markets higher with AI stocks the leaders.
Global Indexes
S&P 500
The S&P 500 is advancing ahead of inflation data.
DAX
The DAX was still undecided in its sideways market.
HANG SENG
The HANG SENG bounced on its 16000 support with a P1 Power Signal. It is touching its EMA8 line.
NYSE & NASDAQ Stocks
Meta Platforms Inc
Meta Platforms took the honors this time with its 3.6% gain breaking its $360 resistance.
NVIDIA Corporation
Not far behind was NVIDIA extended its positive move with a 2.3% gain. Its MACD is green and Frontrunner is predicting more highs to come.
JSE Stocks
JSE All Shares
The JSE All Shares closed below its 50 DMA but will most probably follow global markets higher today.
Spar Group Ltd
Spar is now touching its R120 resistance. It is a very strong resistance as it was touched about 9 times. If this gets broken Spar will move to new higher level.
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.
