TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Asian stocks mixed as Yen gains on inflation data.
- Stocks rally stalls at start of data-packed week.
- Cathie Wood sells into Nvidia frenzy again, cuts TSMC stake.
- Goldman Sachs strategist see scope for stocks rally to broaden.
MarketWatch:
- Broadcom stock rises to a record after $4 billion deal to sell its EUC devision.
- Opinion: US-China tensions over Taiwan threaten to derail Nvidia and other tech giants.
- This investor has a huge bet on Berkshire Hathaway and says Apple is overvalued.
- US stocks futures steady ahead of busy data week as investors look for fresh catalyst.
yahoo! finance:
- Stocks edge lower after record-setting week.
- Japan’s inflation tops forecasts, boost BOJ rate hike bets.
- Buffett says Berkshire ‘built to last’ as it nears $1T valuation.
- Inflation back in focus after AI frenzy revival.
Busy data week can give new fresh catalyst for markets as they edge lower.
Global Indexes
S&P 500
The S&P 500 edged lower after touching its 5,100 mark.
DAX
The DAX made a small body candle in overbought territory.
HANG SENG
After the inverted hammer candle the HANG SENG started correcting and is currently trading just above its EMA8 line.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla is busy making a J-curve and bounced on its positive trend line. Notice that the trend started with a P2 Power Signal. Also to notice is how accurate the P2 Power Signal was in the past for this share.
Costco Wholesale Corporation
COST is continuing its positive trend after the gap.
JSE Stocks
JSE All Shares
The JSE All Shares is very confused about direction with a dropping index and a rising MACD. The Government decision to withdraw R150bn from the South African Reserve Banks’s gold is not helping. It is like selling your family silverware!
Dis-Chem Pharmacies
Dis-Chem is on its way to test its top resistance of its sideways channel.
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.
