TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian shares edge higher, gold touches record high.
- S&P 500 bulls drive longest weekly advance in 2024.
- Chinese stock rally resumes as Xi, PBOC fuel policy optimism.
MarketWatch:
- US budget deficit in fiscal 2024 swells to third-highest level on record.
- CVS cuts outlook yet again – while swapping out CEO for a company veteran.
- Nvidia’s stock can hit $190 as ‘generational opportunity’ unfolds, says BofA.
- Apple’s iPhone 16 is selling 20% faster in China than its predecessor, report says.
- Boeing’s labor strike is forcing this company to send hundreds of employee’s home.
yahoo! finance:
- Nvidia is set to dominate another Big Tech earnings season.
- S&P 500 sets record, longest weekly win streak of 2024.
- Utility stocks are on fire – thanks to AI.
You must not try and swim against the current! ‘The trend is your friend’, stay with the trend.
Global Indexes
S&P 500
The S&P 500 closed with a small body candle against our top resistance, touched 4 times.
DAX
The DAX has already broken its top resistance, continuing its positive trend.
HANG SENG
The HANG SENG is making an uncertain high wave candle on its EMA8 line.
NYSE & NASDAQ Stocks
Netflix Inc
NFXL broke top resistance with a 11.1% gain on the back of its earnings results.
Amazon.com Inc
AMZN made an engulfing bull candle in an attempt to break its short-term negative trend line.
JSE Stocks
JSE All Shares
The JSE All Shares is also on its way to test top resistance.
Anglo American Platinum Ltd
On the back of a strong Platinum price AMS made a 6.9% gain. It is light years away from a top resistance of R2497.
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.
