TAGS: Stock market analysis made easy.
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News in Brief
Bloomberg:
- Dollar gains, stocks fluctuate on US electionbets.
- Treasuries get hit as US election risks in focus.
- BlackRock enters booming market for stock ETFs with a 100% hedge.
MarketWatch:
- Stocks are headed for a ‘summer squall,’ Citi warns.
- Opinion: After a roaring first half, stocks are stretched – but the rally isn’t over yet.
- Stocks could struggle to surpass Wall Street’s high bar for second quarter earnings, Goldman says.
- AI optimism could boost S&P 500 to 7,000 next year, says economist.
- Meta is a big AI spender – and that can give its stock a big boost.
yahoo! finance:
- Nasdaq leads gains to kickstart 2nd half.
- Tesla surges ahead of Q2 deliveries report.
- Microsoft consolidates retail channels in China.
Although stocks are stretched after the first quarter rally, stocks have no big corrections. They rather go sideways or extend their trends.
Global Indexes
S&P 500
The S&P 500 is still closing above its EMA8 line in a sideways trend. In doing so it is moving out of its overbought territory.
DAX
The DAX made an attempt to get above its 50 DMA, only to close below it again.
HANG SENG
The HANG SENG is also making an attempt to lift its head, but still trading below all the resistances above.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla broke its 200 DMA with its 6.1% gain as it trends towards its long-term negative trend line. In doing so it has moved into overbought territory. Insider information must be driving its price ahead of its deliveries report.
Amazon.com Inc
Amazon.com managed to stay above its break line edging towards its target price of $220.
JSE Stocks
JSE All Shares
The JSE All Shares is still hesitant about the new Cabinet with a long-legged inverted hammer candle.
Nampak Ltd
Nampak moved like a rocket the past month taking it into extreme overbought territory.
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.
