TAGS: How to analyze shares and stocks
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Stocks suffer ‘heat Check’ as rally hits wall.
MarketWatch:
- Nvidia’s stock completes dramatic reversal lower not seen in almost seven years.
- Apple’s stock pressure could continue for months, bull concedes.
- Amazon CEO Andy Jassy’s $9 million stock sale this week may be cause for caution.
- Bullard says February job report increases chance of Fed cutting interest rates sooner.
yahoo! finance:
- ‘A lot of people are going to get hurt’ as Bitcoin tests all-time high, top economist warns.
- Gensler warns on crypto.
- Amazon’s generative AI bot Rufus makes online shopping easier.
- 2 Stocks Warren Buffett says he’s not selling. KO & AXP.
The tech rally hit a wall from rally exhaustion and profit taking stepped in.
Global Indexes
S&P 500
The S&P 500 made an engulfing bear candle as the tech rally hit a wall.
DAX
The DAX also stalled with a small body candle.
HANG SENG
The HANG SENG was caught between 4 critical lines on Friday, negative trend and EMA8 lines as top resistance and positive trend and 50 DMA lines as support below. Something had to give way for clear direction and today it was the top resistances that was broken.
NYSE & NASDAQ Stocks
NVIDIA Corporation
After a gigantic rally of 139.4% exhaustion stepped in for NIVIDIA and most tech shares. NVIDIA made a gigantic engulfing bear candle to stall its rally with a MACD that changed color.
Eli Lilly and C0
After the indecision high wave candle Eli Lilly dropped when its experimental Alzheimer’s drug was delayed. Notice the 2x P2 Power signals at top resistance.
JSE Stocks
JSE All Shares
The JSE All Shares made an indecision high wave candle against its negative trend line and 50 DMA.
Impala Platinum Holdings Ltd
Impala Platinum continued its short-term rally. We will have to see if it can pass its 50 DMA resistance above.
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.
