TAGS: Technical analysis software
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News in Brief
Bloomberg:
- S&P 500’s $18 trillion rally is ‘Broadening Out’.
- Stocks buoyed by small caps as Big Tech gets hit.
- Storage firm Lineage is said to seek up to $3.85 billion in IPO.
MarketWatch:
- ‘We don’t need a Republican Bernie Sanders’: Trump’s choice of Vance spooks Wall Street.
- Dow logs best day since June 2023, as small-caps surge.
- Blue chips and small caps surge as Big Tech steps back after solid retail sales.
- Traders still pricing in too many rate cuts, strategist says.
yahoo! finance:
- Wall Street economist see compelling case for rate cut now.
- Asian stocks rise on optimism for Fed rate cut.
- Bank of America is latest giant to lean on Wall Street.
- Oil retreats most in 3 weeks on stronger Dollar and weak demand.
Blue Chips and small caps dominated yesterday’s market activity. Dow soars 742 points on Blue Chip gains.
Global Indexes
S&P 500
The S&P 500 closed at a fresh new high extending the bullish trend.
DAX
The DAX correction stalled just above important support.
HANG SENG
The HANG SENG is making an uncertain doji about its correction.
NYSE & NASDAQ Stocks
UnitedHealth Group Inc
We show the two main drivers on the DOW. UnitedHealth was no. 1 with its 6.5% gain. It is well on its way towards an average target of $ 574.
Caterpillar Inc
No. 2 was also shown yesterday when it broke its negative trend line. CAT made a 4.3% gain with a Frontrunner predicting further highs.
JSE Stocks
JSE All Shares
The JSE All Shares could only close two days above its break line, and this must be seen as a false break. If it follows the positive sentiment on world markets, we can see another attempt to break top resistance.
DRDGOLD Ltd
Gold shares dominated on the JSE with DRD leading the pack with a 7.1% gain.
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.
