TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- European stocks struggle to build on US Tech rally.
- TSMC nears $1 trillion valuation as target upgrades boost rally.
MarketWatch:
- US stocks remain a sweet spot at the half-year mark, says Societe Generale.
- Nvidia’s rally faces latest test in Friday’s record-setting ‘triple witching’ options expiration.
- France and UK elections loom.
yahoo! finance:
- Amazon invests $11b to expand cloud and logistics in Germany.
- Nvidia’s AI development service offers tech to Chinese startup.
- China’s energy use per person surpasses Europe’s for first time.
- China’s Ecommerce giants dig deep on pitches to jolt wary buyers.
While the US markets were closed yesterday the global stocks stalled with European stocks struggling. The futures for the US stocks are positive.
Global Indexes
S&P 500
The S&P 500 was closed yesterday.
DAX
Similar to Europe markets the DAX struggled and is still below its EMA8 line.
HANG SENG
The HANG SENG closed strong yesterday and is taking a breather currently.
NYSE & NASDAQ Stocks
These markets were closed yesterday.
NVIDIA Corporation
With its new high Nvidia is now the largest company in the US. You remember the old saying: “Let your winners run and get rid of your losers fast”.
Exxon Mobil Corporation
Its 200 DMA is acting as support for XOM after its abc correction. It is making an indecision high wave pattern on the moving average. Notice that the average target price is $131.
JSE Stocks
JSE All Shares
The JSE All Shares reacted very strong to the new political climate that it even touched its top resistance. No indication that it cannot be broken.
Bid Corporation Ltd
BID made two P2 Power Signals on its R412 support and stopped just short of breaking its 200 DMA. If it breaks its R430 resistance it will be back in all positive territory. Target price is R479. We are investigating to combine analysts target prices with technical buy signals to give the best % gain potential scans! Watch the space! This share has a 12% gain potential.
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.
