TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Stock bulls back in charge as jobs fuel Fed bets.
- JPMorgan unveils IndexGPT in next Wall Street bid to tap AI boom.
- Soft US jobs raise selloff risk for stocks, BofA strategist Hartnett says.
MarketWatch:
- Stock-market bulls face test as consumers start to show signs of stress.
- Opinion: Forget AI: Apple’s plan to restore confidence is a $110 billion stock buyback.
- Apple vs. the world: Can the tech giant survive a global regulatory onslaught?
- US stocks rally on ‘Goldilocks’ jobs report as Wall Street’s fear gauge retreats.
- GameStop’s stock skyrockets 29% to continue rally and register biggest gain in over a year.
- Gold is overvalued now and won’t help you beat inflation in coming years.
yahoo! finance:
- Stocks surge as jobs report revives rate-cut bets.
- Amgen’s drug trial heightens competition in obesity market.
- The world’s hunger for Salmon is linked to an ecological disaster.
- Buy Northrop Grumman instead of Boeing: Portfolio manager.
The jobs report in the US fueled markets to put the bulls back in control. This week won’t have any ‘Magnificent Seven’ earnings, as consumer and entertainment names take top billing with Disney first on the list.
Global Indexes
S&P 500
The S&P 500 made another gap to break its negative trend line and close on its 50 DMA.
DAX
The DAX was also uncertain about direction with a small body candle sitting on support.
HANG SENG
The HANG SENG extended its positive trend on Friday with a gap. It is taking a breather today in very overbought territory.
NYSE & NASDAQ Stocks
Apple Inc
The earnings beat and buyback shares of Apple made the share rocket. There are still the concerns of the global regulatory onslaught.
Amgen Inc
The drug trial results of Amgen gave its stock price a 11.5% gap. Frontrunner is warning of higher highs.
JSE Stocks
JSE All Shares
After the doji the JSE All Shares continued its positive trend.
Bidvest Group Ltd
After Bidvest bounced off strong support it rallied to close just below its 200 DMS resistance. It is in overbought territory that will make it very difficult for this share to break the resistance.
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.
