TAGS: Stock market analysis made easy.
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Dow makes history to close week above 40,000 mark.
- VIX Index closes at lowest since 2019 as S&P 500 grinds higher.
MarketWatch:
- Dow closes above 40,000 for first time ever as US stocks score weekly gains.
- Opinion: Stock market looks strong enough to stay in this higher orbit.
- The US economy and inflation might be cooling off, but lower interest rates are still far away.
- Walmart’s stock surges to record after a grand-slam earnings report.
yahoo! finance:
- Markets brace for Nvidia earnings.
- Wall Street’s risk appetite stays strong despite high rates.
- Fed’s Bowman won’t rule out future rate hike.
We had a historic close of the Dow above 40,000 while the risk appetite for stocks remains high. AI moved to a new level with camera recognition! It can even give an analysis of our charts by just directing the camera on phone to the graph. Nvidia earnings will be the big test for markets this week.
Global Indexes
S&P 500
Although the S&P 500 is still in a positive trend it is very uncertain in overbought territory with a doji candle.
DAX
The DAX is also uncertain with a doji just above its EMA8 line.
HANG SENG
The HANG SENG opened higher today with all Asia markets strong positive. The Nikkei is leading the Asia markets with a 1.44% gain.
NYSE & NASDAQ Stocks
Exxon Mobil Corporation
XOM used its 50 DMA as support to break its short-term negative trend line.
Mastercard Inc
Mastercard is also showing uncertainty with a doji just below its 50 DMA.
JSE Stocks
JSE All Shares
The JSE All Shares mirrors the same uncertainty with a long-legged doji in overbought territory.
Impala Platinum Holdings Ltd
The Platinum price is still rising and the best performer for the week was Impala Platinum. It is still extending its positive trend line.
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.
