TAGS: Tools to analyze stocks
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News in Brief
Bloomberg:
- China’s bold stock-market rescue plan leaves investors skeptical.
MarketWatch:
- Wall Street is already weighing potential market impact of a Trump presidency.
- United pulls plans for Boeing’s biggest 737 Max jet, after Max 9 groundings prove to be ‘straw that broke the camel’s back’.
- Opinion: Netflix is having its way with ads, and Wall Street could win too.
- Small-cap stocks had a rough start to 2024 – but could shine the rest of this year, says stock market’s biggest bull.
yahoo! finance:
- Netflix subscribers surge as revenue beat estimates.
- S&P 500 vaults to fresh high, earnings drag on Dow.
- Alaska Airlines CEO: Loose bolts found on ‘many’ Boeing Max 9s.
The Nasdaq is still leading stocks higher in US while Europe saw some profit taking.
Global Indexes
S&P 500
The S&P 500 is still extending is positive trend, but with small moves.
DAX
Early the day the DAX made an attempt to break our negative trend line, but profit taking stepped in and the index retreated to close just above its EMA8 line.
HANG SENG
The HANG SENG shows uncertainty with a doji below its negative trend line as investors are skeptical about the rescue package.
NYSE & NASDAQ Stocks
Bank of America Corp
Bank of America is extending its positive turn of a P1 Power Signal on its 50 DMA and trend line break. Notice the candles at work at the turn: High Wave, long-legged doji, bull candle & breakaway gap.
Exxon Mobil Corporation
We showed all the turning candles for Exxon Mobil yesterday. The P1 Power Signal is now confirmed with a trend line break.
JSE Stocks
JSE All Shares
The P1 Power Signal is now also confirmed for the JSE All Shares with a trend line break.
Naspers Ltd
The P1 Power Signal was also confirmed for Naspers with a breakaway gap that broke its short-term negative line. We will have to see if this lasts as it is riding on the rescue package of China with investors very skeptical.
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.
