TAGS: Technical analysis software.
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News in Brief
Bloomberg:
- Stock rally shows ‘Buyer Fatigue’ as bonds climb.
- China’s latest meme stock craze involves the dragon zodiac.
MarketWatch:
- Not one S&P 500 CEO is donating to Trump.
- Hollywood actors strike is over as union reaches tentative deal with studios.
- Disney shares rise on huge increase in streaming users, improved earnings.
- Virgin Galactic’s stock soars, company rakes in nearly $2 million in revenue from space tourism.
yahoo! finance:
- Nasdaq, S&P 500 extend longest win streak since 2021.
- Asian shares climb as US stocks hit hot streak.
- Disney raises cost-cutting target, subscribers surge.
The US extended its winning streak with signs of ‘Buyer Fatigue’.
Global Indexes
S&P 500
The S&P 500 confirms the buyer fatigue with a long-legged doji.
DAX
The DAX used its EMA8 line for a bounce, still below strong resistances ahead.
HANG SENG
The HANG SENG is on its EMA8 line and the only Asia stock that is not positive today.
NYSE & NASDAQ Stocks
Advanced Micro Devices Inc
AMD is also showing the buyer fatigue with a doji in overbought territory.
Visa Inc
Similar fatigue signs for Visa making a high wave candle and a MACD changing color.
JSE Stocks
JSE All Shares
The JSE All Shares does not know whether it is coming or going closing on its 50 DMA, regaining some of its losses of the previous day.
Investec PLC
After dipping well below its long-term positive trend line, Investec is doing a strong short-term rally that will most probably test top resistances soon.
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.
