TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Bonds fall after ‘One-two Punch’ of ISM, Fedspeak.
- Stocks fall as yields rise on ISM, Fed’s remarks.
- China tightens some trading restrictions for domestic and offshore investors.
- China stocks post more wild swings after Beijing stability vow.
MarketWatch:
- Tesla’s stock dive means the EV maker is now worth less than Broadcom.
- ‘Magnificent Seven’ fate depends on ability to deliver rapid revenue growth in 2024, says Goldman Sachs.
- Dow skids as Wall Street reacts to Powell signal of Fed rate-policy patience.
- McDonald’s misses revenue target as it cites impact from Middle East war.
- Caterpillar’s stock surges towards a record after another big profit beat.
- Estee Lauder stock soars toward best day in 13 years after earnings, job cuts.
yahoo! finance:
- Powell warns of possible rise in bank closures.
- Stocks dip to start week as Powell chills rate cut hopes.
- Nvidia eyes fresh record as Goldman boosts price target.
- Snap to lay off 10% of its global workforce.
- Meta flipped ‘entire narrative ‘ on AI investments: Analyst.
The new Tesla ‘Model 2’ next-gen EV model did not help Tesla’s share price as its price dipped further.
Global Indexes
S&P 500
The S&P 500 stalled at current level with a hammer candle caused by further Fed news.
DAX
The DAX 17000 level is a hurdle too high, but still above its EMA8 line.
HANG SENG
The volatility for the HANG SENG is very high as it trades above its EMA8 line today.
NYSE & NASDAQ Stocks
NVIDIA Corporation
New targets for NVIDIA by Goldman Sacks boosted the stock into rocket mode with another gap.
Eli Lilly and Co
A friend of mine said that LLY was his best share in 2023. It might be for 2024 too as this share is also in rocket mode with a gap. Notice the % performances.
JSE Stocks
JSE All Shares
The JSE All Shares is still stalled at its 50 DMA with 9 candles, next to each other, touching it.
Barloworld Ltd
Barloworld is building a strong support on R74 level with a MACD that turned green and Frontrunner that is rising. It just needs that extra lift to break its 50 DMA and negative trend lines.
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.
