TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Stocks rise as solid treasury sale spurs CPI bets.
- Raspberry Pi hands London a starry share market debut at last.
MarketWatch:
- Fed’s rate-cut path in 2024 is a ‘very close call’ as markets awaits Powell guidance.
- Opinion: Interest rates may need to go higher if the Fed wants inflation at 2%.
- Apple adds $215 billion in market cap as stock leads S&P 500 for the first time in year.
- Opinion: ‘Bye, Alexa’: Apple intelligence could make Siri the best AI assistant of all.
yahoo! finance:
- S&P 500, Nasdaq hit fresh records with Apple.
- Tesla shareholder sues Musk over billions in alleged unlawful profits.
- Oil rises after industry report points to lower US stockpiles.
A CPI report and a Fed decision happen on the same day. This could be interesting?
Global Indexes
S&P 500
The S&P 500 closed at a new high ahead of CPI report and Fed.
DAX
The DAX closed just above its 50DMA important support, still correcting.
HANG SENG
The HANG SENG is also touching its 50DMA in its downward trend.
NYSE & NASDAQ Stocks
Apple Inc
Apple smashed its top resistance with a 7.3% gain. Notice that its price targets have been adjusted by analysts with the highest target $275 and the stock closed at the average of $208.
Broadcom Ltd
AVGO also broke its top resistance and has more gaining potential with an average target of $1589.
JSE Stocks
JSE All Shares
The JSE All Shares made an uncertain high wave candle in its downward path. Political jitters uncertainty is still the order of the day.
Satrix FINI Portfolio
The Satrix FINI used its 50 and 200 DMAverages as a springboard to gain 1.5% going against the negative market.
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.
