TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Asian stocks gain, Aussie rises after CPI beat.
- Tech Lifts US stocks as FedEx up 15% in late hours.
- Steve Eisman says the Nvidia story is going to last for years.
- Pakistan’s 27% stock rally leads in Asia with more gains seen.
MarketWatch:
- Nvidia’s stock storms back to score a rebound not seen in three years.
- Nvidia’s stock selloff inspired retail investors to buy the dip.
- Rivian get $1 billion, ‘vote of confidence’ from VW, with billions more to come; stock soars 50%.
- Airbus shares drop 10% as plane maker cuts guidance and forecasts fewer deliveries.
- Opinion: Even the bulls are getting trampled by the tech-sector-heavy US market. A melt-up could be coming.
yahoo! finance:
- Nvidia rebound fuels Nasdaq rally.
- Open AI delays launch of voice assistant to address safety issues.
- Yellen tells YF she expects inflation to soon return to Fed’s target.
- Nvidia short sellers make $5 billion from three-day selloff, data shows.
- Nasdaq gains as Nvidia turns a corner.
Nvidia is dominating the news again with its rebound that came after a 3-day selloff.
Global Indexes
S&P 500
The S&P 500 only touched its EMA8 line, but never closed below it, keeping it in positive territory.
DAX
Its 50 DMA is still acting as strong resistance for the DAX. Lots of volatility around its EMA8 line.
HANG SENG
The HANG SENG is still flirting with all its resistance lines and in doing so moving sideways
NYSE & NASDAQ Stocks
NVIDIA Corporation
The rebound of Nvidia made it close on the level of its previous high wave candle.
Novo Nordisk AS
Novo Nordisk extended its positive trend with another gap. This remains the share with the most positive gaps just trending higher and higher.
JSE Stocks
JSE All Shares
The longer it takes to announce a new cabinet the more uncertainty for the JSE All Shares.
Anglo American PLC
AGL is at crossroads again against its 50 DMA and negative trend line. Frontrunner is still positive that it can overcome this hurdle.
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.
