TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Asia stocks dip as China rate cut fails to impress.
- Stocks pause near record as traders await catalyst.
- China stocks’ insipid reopen adds pressure on Beijing to do more.
MarketWatch:
- Goldman Sachs ups year-end S&P 500 target to 5,200, says Big Tech must do the heavy lifting.
- Nvidia’s earnings report could kill the momentum driving US stocks higher.
yahoo! finance:
- Capital One to buy Discover in $35.3b deal.
- It’s suddenly a great time to buy an EV.
The US markets were closed yesterday while global markets stalled at record highs awaiting catalyst.
Global Indexes
S&P 500
Another hot inflation report stalled the S&P 500 on Friday. Market was closed yesterday.
DAX
The DAX made 3 uncertain small body candles next to each other.
HANG SENG
The rate cut did not impress leaving the HANG SENG sitting on its 50 DMA and negative trend lines.
NYSE & NASDAQ Stocks
Eli Lilly and Co
Eli Lilly is in 3rd gear with its trend factor. The drugmaker is now among 10 most valuable US companies after rally. It features in our watchlist as the stock with the 4th best trend factor. The stock has Morgan Stanley analysts musing whether it will become the first US company outside of the Magnificent Seven to reach a market value of $1 trillion.
Novo Nordisk AS
A leading global healthcare company is Novo Nordisk. Their main drive is to defeat diabetes. We cannot recall ever seeing a share with 9 gaps within a 9-week positive trend. Follow those gaps!
JSE Stocks
JSE All Shares
The JSE All Shares stalled with global markets with a long-legged doji.
Standard Bank Group Ltd
Standard Bank also stalled at top resistance in overbought territory.
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.
