TAGS: How to analyse shares and stocks
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News in Brief
Bloomberg:
- Asia stocks up after Powell, Yen hits month high.
- Stocks and bonds climb as Powell sticks to script.
- Dubai’s $429 million parking IPO sells out within minutes.
MarketWatch:
- Opinion: There is a battle coming in 2024: Qualcomm wants to become ‘the Nvidia of AI’ on your smartphone and computer.
- Tesla is no longer on of the 10 largest US companies, market cap has fallen $228 billion this year.
- Toyota’s bet against EVs is working out fine – for now.
- US stocks snap two-day losing run as Powell signals rate cut likely this year.
- There’s one big mystery in the everything rally: gold’s record-setting ascent.
yahoo! finance:
- Morgan Stanley warns Tesla could lose money this year.
- Powell’s testimony to set election year stage for the Fed.
- Steven Mnuchin leads $1 billion attempt to rescue NYCB.
- Nikki Haley to drop out of race for White House: Source.
After the two-day drop tech led the rebound as traders were happy with Powell’s testimony.
Global Indexes
S&P 500
The S&P 500 happened on its EMA8 line.
DAX
The DAX was still uncertain about next move, still above its EMA8 line.
HANG SENG
The rebound of the HANG SENG on its 50 DMA closed on its EMA8 line.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVIDIA did not even bother with the 2-day correction and just continued its positive trend, in third gear. It opened yesterday with another gap.
The Coca-Cola Co
Coca-Cola ended its correction with a long-legged doji between its 50 DMA and 200 DMA with a P1 Power Signal. We need confirmation today of a turn in oversold territory.
JSE Stocks
JSE All Shares
The JSE All Shares made a rebound on its 722 level with a P1 Power Signal in oversold territory.
Anglo American PLC
After the uncertain high wave candle Anglo America made a rebound with an engulfing bull candle in oversold 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.
