TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Asia gains, US stocks hit record on inflation data.
- Stocks end month at new highs after inflation data.
- Berkshire and Lilly race to shake tech’s grip on trillion-dollar club.
MarketWatch:
- Nasdaq Composite posts first record close in over 2 years.
- Opinion: The S&P 500 is overbought, but that doesn’t mean it’s time to sell.
- AMD is worth $300 billion for the first time.
- An AI surprise could fuel a 20% rally for the S&P 500 in 2024, says UBS.
- Opinion: Will Apple create a better AI?
yahoo! finance:
- S&P 500, Nasdaq hit fresh records to cap big February.
- Fed’s Mester still expects 3 rate cuts in 2024 after new inflation reading.
- Fed’s preferred inflation gauge hits lowest since March 2021.
- Record highs across the S&P 500 signal a broadening in the rally.
Markets turn green as key Fed inflation gauge keeps cooling.
Global Indexes
S&P 500
The S&P 500 made a rising three method bullish continuation candlestick pattern after the latest inflation data.
DAX
After breaking its 17000 level the DAX only knows one direction and that is up. Notice that its Trend Factor also turned green indicating a faster trend.
HANG SENG
The HANG SENG opened below its EMA8 line and is currently busy climbing following global markets.
NYSE & NASDAQ Stocks
Advanced Micro Devices Inc
AMD made a rising four method continuation bullish candlestick pattern to break top resistance with a 9.1% gap gain. Its MACD turned green again after the consolidation period.
C3 Ai Inc
AI broke all its resistances with a spectacular 24.5% gain. Notice that its trend Factor is amongst the dark green (top category) range stocks.
JSE Stocks
JSE All Shares
The JSE All Shares managed to make a piercing candle to follow global markets.
Harmony Gold Mining Company Ltd
A friend of us is a GOLD expert and warned us yesterday that gold is breaking up. It was then also the gold shares that gained the most on the JSE. Although Goldfields gained the most, we want to show Harmony. In a sideways market the P1 Power signals are very accurate, and the signal already gave a warning 5 days earlier.
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.
