TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Chinese stocks soar most since 2015, heading for Bull Market.
- Wall Street’s risk binge expands to even unloved assets after global policy easing.
- China’s biggest stock buying frenzy in years overwhelms exchange.
- Luxury stocks set for best week in years as China fuels revival.
MarketWatch:
- Stocks climb on week, with S&P on pace for first September gain in 5 years.
- Dow notches fresh record high after PCE inflation report.
- Opinion: Harvard scientists say $25 nasal spray beats flu, colds and COVID-19 with 99% success.
yahoo! finance:
- After years of trying, DirecTV and Dish might finally merge.
- Moody’s downgrades Israel again as economic costs of war mount.
- Nvidia’s Huang says nuclear power an option to feed data centers.
It was a China fueled week together with a cooling inflation that gave stocks a boost.
Global Indexes
S&P 500
The S&P 500 eased back but managed to close above its break line.
DAX
The DAX had no brakes and continued its rally.
HANG SENG
Similar for the HANG SENG with the steepest trendline in years. It opened with another gap today.
NYSE & NASDAQ Stocks
Alibaba Group Holdings Ltd
Alibaba, listed on the Nyse, outperformed all the US shares the past week.
Micron Technology Inc
On its heels was Micron Technology with a 18% gain.
JSE Stocks
JSE All Shares
The JSE All Shares also had an excellent week with its 4.5% gain.
Prosus NV
Prosus & Naspers are following Tencent and made similar gains breaking top resistance.
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.
