TAGS: Tools to analyze stocks
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News in Brief
Bloomberg:
- Stocks rise on bets Fed can achieve
- Stocks poised for another record after GDP report.
MarketWatch:
- Intel’s earnings forecast comes up well short, and stock tanks 11%.
- Nvidia CEO sees ‘huge year’ for AI. Biggest challenge is chip supply not demand, he says.
- GDP data reflect strong US economy growth of 3.3% fourth quarter.
- US durable-goods orders were flat in December.
- IBM’s ‘accelerating’ AI demand helps power stock higher after earnings.
yahoo! finance:
- S&P 500 hits another record high.
- Tesla stock suffers in wake of earnings miss.
- US economy caps off banner 2023 with strong GDP growth.
- Southwest Airlines removes Boeing Max 7 from 2024 plans.
The latest GDP data in the US gave its markets another boost.
Global Indexes
S&P 500
As the S&P 500 moves into overbought territory the upward momentum is declining.
DAX
Similar for the DAX.
HANG SENG
As the HANG SENG approaches strong resistance above it is also moving slower.
NYSE & NASDAQ Stocks
Chevron Corporation
The oil price broke its 200 DMA giving steam to CVX that broke its 50 DMA with a breakaway gap. Notice where the P1 Power Signal was given when Frontrunner broke up with a MACD changing color in oversold territory.
Tesla Inc
The slow growth forecast of Tesla made it go into 3rd gear dropping. This time with a large gap. Notice where the MACD turned red.
JSE Stocks
JSE All Shares
The JSE All Shares is hesitating at its 50 DMA resistance.
Foschini Group Ltd
It was the day of the retailers with Foschini taking the honors with its 7.2% gain. It also managed to close above its 50 DMA.
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.
