Asian stocks fell Wednesday with the region lacking the catalyst that propelled their U.S. counterparts to record highs: stronger corporate earnings releases. Australia’s dollar slumped after a surprisingly weak inflation reading.
http://www.equityclock.com/2019/04/23/stock-market-outlook-for-april-24-2019/
Stocks marched forward on Tuesday as investors welcomed better than expected earnings from some notable market heavyweights. The S&P 500 Index climbed almost nine-tenths of one percent, charting a new all-time closing high. The benchmark remains mere points away from the all-time intraday high charted around 2940, achieved just prior to the fourth quarter swoon. The benchmark has now realized the short-term target presented by the ascending triangle continuation pattern that we have been highlighting over the past week. Short and intermediate-term overbought signals could stall upside momentum ahead.