US Stock Market Review 29 Apr - 03 May 2024
- $Dow Jones Industrial Average (.DJI.US)$ 1.18%, $NASDAQ (NASDAQ.US)$1.99%, $S&P 500 Index (.SPX.US)$1.26%
- A surge in $Tesla (TSLA.US)$ shares followed regulatory approval in China for its Full Self-Driving technology.
- Federal Reserve’s meeting resulted in no rate hikes- Information Technology sector saw the largest gains, increasing by 1.6%, influenced by positive earnings reports and tech advancements.
- Event to watch: ...

$YTL(4677.MY)$ & $YTLPOWR(6742.MY)$ both companies hit another record high yesterday. Both companies are also among the top gainers of KLCI component stocks since YTD. On top of strong fundamental base, I dig into their charting to identify where is the next resistance level, and is there any potential short term correction signal for me to enter at cheaper price.
$YTL(4677.MY)$ Daily Chart
There is a strong support from buyers as (1) multiple higher...

If you've been keeping an eye on the market, you might have noticed a buzz in the gold-related counters lately. Shares of companies like $POHKONG(5080.MY)$ , $TOMEI(7230.MY)$, and $BAHVEST(0098.MY)$ soared as gold prices hit a record high. Poh Kong reached 90 sen, Tomei touched RM1.42, and Bahvest saw a slight increase to 47 sen.
The surge in these stocks is linked to the US Federal Reserve's decision to keep interest rates unchanged, which tends to boost gold ...