TAGS: Software for stock analysis
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News in Brief
Bloomberg:
- Japan stocks advance, US futures dip before CPI.
- S&P 500 rally hits a wall in run-up to CPI report.
MarketWatch:
- Dow scores 12th record close of 2024 ahead of US inflation data.
- Growth stocks are outperforming value by widest margin on record.
- Arm’s frenzied stock rally continues as AI chase trumps valuation.
- Nvidia closes within a hair of Amazon’s market cap.
- Alphabet, Amazon likely to follow Meta by introducing first-ever dividends in 2024.
yahoo! finance:
- Fed’s Bostic: Rate cuts not likely until summer.
- Dow hits fresh record ahead of key inflation update.
Markets took a breather ahead of US inflation data.
Global Indexes
S&P 500
The S&P 500 took a breather ahead of CPI report.
DAX
The DAX is making another attempt to break its 17,000 resistance and managed to close above it, still clinging to its EMA8 line below (orange).
HANG SENG
The HANG SENG is closed.
NYSE & NASDAQ Stocks
C3 Ai Inc
AI broke its 200 DMA and long-term negative trend line with a 9.5% gain for the day. Notice that its week’s gain is 29.3%. Frontrunner is predicting more highs to come.
Deere Company
After a correction Deere bounced off its $380 level with a P1 Power signal in oversold territory. Notice the accurate P1 signals on the chart.
JSE Stocks
JSE All Shares
The JSE All Shares seems to find support in semi-oversold territory on its 730 level.
Anglo American PLC
Anglo American also found support in oversold territory with a P1 Power Signal. Power sharing and the collapse of rail transport is however not helpful for mines.
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.
