TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- S&P 500 closes on the brink of historic 5,000 mark.
- China stock rally eases as investors await more policy support.
MarketWatch:
- Opinion: Disney is making progress on a key goal, and is ready to pull another lever.
- Disney’s stock pops on big earnings beat, dividend, lower streaming losses.
- Tesla employees bracing for potential layoffs: report.
- Tech stocks vulnerable to selloff as investors positioning becomes stretched, Citi warns.
- US trade deficit fell in 2023 to the lowest level in 3 years and boosted GDP.
yahoo! finance:
- S&P 500 hits fresh record with 5,000 in sight.
- ARM delivers surprising bullish forecast.
- Disney made ‘huge strides’ in streaming profitability: Analyst.
- Ford sees new ‘reality’ for EV sales.
- NYCB tries to reassure investors after Moody’s downgrade.
- Yum Brands posts sales miss amid cautious consumer.
It’s halfway through earnings season and the belief is that the results are better than they appear.
Global Indexes
S&P 500
The S&P 500 made a gap with 5,000 in sight.
DAX
The DAX found crossing top resistance too much and corrected back to eits EMA8 line.
HANG SENG
The two resistances above were too strong for the HANG SENG. It is currently trading with an uncertain doji awaiting more policy support.
NYSE & NASDAQ Stocks
Microsoft Corporation
MSFT is attacking its top resistance and busy breaking it.
Enphase Energy Inc
After the engulfing bull candle ENPH took off with a large gap. Although it missed earnings it claimed that a turnaround is happening in the solar sector.
JSE Stocks
JSE All Shares
The JSE All Shares is very uncertain about its J-curve and keeps hanging around its 50DMA with 11 touches next to each other.
Pick n Pay Stores Ltd
The new CEO at Pick n Pay must be doing something right as the share price is steadily climbing.
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.
