TAGS: Tools to analyze stocks
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News in Brief
Bloomberg:
- Asia stocks climb on China rally, Dollar gains.
- Nasdaq 100 gains for fifth day; Treasuries decline.
- Hedge fund stars who got China wrong are paying a big price.
MarketWatch:
- Tesla warns Wall Street it may grow slower this year; stock falls 6%.
- Apple said to be scaling down self-driving Apple car features.
- Missed the boat on AMD’s stock surge? This analyst says you’re not too late.
yahoo! finance:
- FAA limits Boeing 737 production, allows Max9 to fly.
- Netflix shines as S&P 500 hits another record.
- Tesla Q4 earnings miss, warns about lower volume growth.
Restrictive regulations were lifted in China and that send the markets soaring. The funds that were still shorting China, burned their fingers.
Global Indexes
S&P 500
As the S&P 500 moves into overbought territory some profit taking is stepping in.
DAX
The DAX broke its negative trend line with a strong move.
HANG SENG
The withdrawal of regulations that had a negative impact on the HANG SENG made this index break its negative trend and EMA8 lines.
NYSE & NASDAQ Stocks
Advanced Micro Devices Inc
AMD stole the limelight with a gap and a 5.9% gain. Notice that its positive trend is in rocket mode. It has a 90% gain since the turn in October.
Halliburton Company
We have been showing HAL a few times now as it turned with divergence in oversold territory. It has now broken its 50 and 200 DMA’s.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets higher to close on its 50 DMA.
Tencent Holdings Ltd
Naspers was the 3rd highest gainer on the JSE as it followed Tencent. We want to show the accurate P2 Power Signals of Tencent. The P2 Power Signal looks for divergence within a certain period. Hopefully AI can train it even better in the future? The divergence is shown with the purple line on Frontrunner.
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.
