TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Japan’s Nikkei 225 breaches key 40,000 level for first time.
- Korea faces long road in unlocking corporate value like Japan.
- S&P 500 posts 15th record this year as tech roars.
- GQG’s $19 billion fund says Chinese stock rally is ‘Confusing’.
MarketWatch:
- Stock rally, rate-cut forecasts face test from Powell testimony and jobs report.
- S&P 500 scores gains last seen in 1971 as AI hopes fuel ‘second’ leg of rally.
- US stocks finish higher, with S&P 500 and Nasdaq closing at records.
- No Fed rate cuts in 2024, Wall Street economist warns investors.
- Boeing confirms talks to buy Spirit AeroSystems as it aims to ‘improve quality’.
yahoo! finance:
- Uranium firms revive forgotten mines as price of nuclear fuel soars.
- S&P 500, Nasdaq hit fresh records as stocks close winning week.
- Nvidia closes above $2T valuation for first time.
Tech did it again to take the S&P and Nasdaq to fresh records last week. Out of 37 analysts, 35 still gives Nvidia as a strong buy and the other 2 just gives it a buy.
Global Indexes
S&P 500
The S&P 500 broke its 5100 level in style.
DAX
The DAX is still moving positively in extreme overbought territory.
HANG SENG
The HANG SENG is confusing everyone, it did however manage to close above its EMA8 line on Friday with an engulfing bull candle. It also managed to stay above its EMA8 line this morning.
NYSE & NASDAQ Stocks
Broadcom Ltd
AVGO took the honors to break its top resistance with a 7.6% gap.
Alphabet Inc
When you look at the chart of GOOGLE and see all the negative gaps starting after a Q4 earnings miss, not a share to be in currently. Notice the negative trend line of Frontrunner. We will only look at this share again once the negative trend lines get broken.
JSE Stocks
JSE All Shares
The piercing candle of the JSE All Shares was followed by an indecision high wave candle. No certainty about direction for this index.
Truworths International Ltd
Truworths broke its negative trend line with an engulfing bull candle and a P1 Power signal.
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.
