TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Chinese tech stocks outperform in Asia, Yen drops.
- Stocks waver before make-or-break inflation data.
- Option traders bet on inflation data, Nvidia for next big swings.
- Wall Street desks warn CPI report may upset stock-market calm.
MarketWatch:
- Opinion: International stocks are poised to beat the S&P 500.
- Roaring Kitty rides again: GameStop’s meme-stock rally shows ‘gamification’ may be back (GME +74.4%).
- Nvidia’s stock can soar 50% more as earnings power still isn’t priced in: HSBC.
- OpenAI event could move Microsoft and Google.
yahoo! finance:
- Dow snaps 8-day win streak ahead of inflation data.
- GameStop soars after ‘Roaring Kitty’ resurfaces.
- OpenAI launches faster, cheaper AI model.
- Global chip showdown with China hits critical turning point.
- Fed officials stick to higher-for-longer script as CPI looms.
We will only know tomorrow about the latest inflation data with markets cautious.
Global Indexes
S&P 500
The S&P 500 is trending sideways ahead of the latest inflation data.
DAX
Similar for the DAX.
HANG SENG
Similar for the HANG SENG.
NYSE & NASDAQ Stocks
Novo Nordisk
The share with the most gaps, Novo Nordisk, made another gap with a 3.1% gain.
Costco Wholesale Corporation
Costco made an engulfing bear candle against top resistance. We also have Frontrunner heading down and the MACD changing color.
JSE Stocks
JSE All Shares
The JSE All Shares will most probably follow global markets sideways as it nears a strong resistance at 792.
Anglo American Platinum Ltd
Anglo America Platinum is still following the Platinum price that broke a $1000. AMS broke its 50- and 200-day moving averages in doing so to be back in all positive territory. Inflation data in the US may throw cold water on this rally.
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.
