TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Stock rally fades with Fed on tightrope after data.
- China’s best stock this year is an EV Bus Maker with 100% jump.
MarketWatch:
- Dow ends higher to notch best week since December.
- Worried AI will take your job? Employees say it actually makes work better.
- ‘No Return’ left for US stock market in 2024, says Goldman’s David Kostin.
- Arm aims to launch AI chips in 2025.
yahoo! finance:
- Dow has best week of 2024.
- Fed officials stick to higher-for-longer script as CPI looms.
- McDonald’s readies $5 meal deal to lure back customers.
- China’s consumer prices rise for third month, signaling demand recovery
Markets were hesitant ahead of the weekend with moderate positive movements.
Global Indexes
S&P 500
The S&P 500 closed above its 5,200 level with an uncertain small body candle.
DAX
The DAX extended its positive trend.
HANG SENG
The strong rally of the HANG SENG is still in full swing.
NYSE & NASDAQ Stocks
Caterpillar Inc
Caterpillar closed with an uncertain doji just above its 50 DMA. Frontrunner is still moving positively with a MACD that just turned green.
Amazon.com Inc
Amazon.com is struggling at top resistance with Frontrunner breaking down with divergence and a MACD changing color.
JSE Stocks
JSE All Shares
The JSE All Shares had a strong day following global markets higher.
Anglo American Platinum Ltd
Anglo America Platinum had a strong day and closed on its 50- and 200-day moving averages. Its MACD turned green, but do notice where it changed color.
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.
