TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Asian shares follow record-breaking Wall Street.
- S&P 500 hits 30th record of 2024 as Megacaps rally.
- Citi ramps up US stock outlook, joining Goldman and Evercore ISI.
- Volatile French markets attempt to digest Le Pen’s reassurances.
- Traders shun risk as French turmoil rattles globe.
- Markets cheer South Africa’s move to broad government alliance.
MarketWatch:
- French stocks are pressuring widely held equities indexes.
- The AI ‘bubble’ has helped the US stock market dominate the world.
- Adobe sued by US regulators for making it too difficult to cancel subscription.
- Merck’s vaccine approval poses threat to one of Pfizer’s top-selling products.
- Broadcom just keeps getting bigger as its deemed best AI stock besides Nvidia.
- Opinion: Stock buyers are keeping S&P 500 momentum strong and volatility low – for now.
yahoo! finance:
- Apple to discontinue BNPL service as it plans new program.
- Broadcom hits fresh record after stock-split announcement.
- Investors are eyeing political turmoil in France as uncertainty about rate cuts dogs the market.
- Musk answers Tesla faithful with trillion-dollar robot prophecy.
- Boeing tells suppliers it’s slowing key 737 output goal.
AI is still dominant on markets taking the S&P 500 to fresh new high. Some analysts are speculating a S&P 500 high of 5800 to 6000?
Global Indexes
S&P 500
The trend remains positive for the S&P 500. Does your portfolio show a 24% yearly gain similar to the S&P 500?
DAX
The DAX downward pressure stalled with an indecision high wave pattern on its 18000 level.
HANG SENG
The HANG SENG managed not to close below its 50 DMA support. Something must give, either the negative trend line resistance or its 50 DMA support as it is currently trading close to both.
NYSE & NASDAQ Stocks
Mastercard Inc
$440 is becoming a strong support level for Mastercard as it bounced off this level again with an engulfing bull candle.
Broadcom Ltd
AVGO is deemed best AI stock besides Nvidia. It made another gap with a 5.4% gain to close at a new high of $1828. It also announced a 10-for-1 split set to take effect next month.
JSE Stocks
JSE All Shares
The JSE All Shares shows signs of moving positively as the new government is taking shape.
Woolworths Holdings Ltd
After consolidating on its R54 support Woolworths took off with a 7.8% gain to close above its 50 DMA. Notice the P1 Power Signal 8 days earlier.
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.
