TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Asian stocks advance to track Wall Street’s rally.
- Record run as US stocks shrugs off Fed warnings.
- China flows into new stock funds plunge to lowest in decade.
MarketWatch:
- Investor who called year-end stock rally says ‘Magnificent 7’ may continue to lead in 2024.
- Dow climbs to fifth straight record close as rate-cut hopes underpin sentiment.
- FedEx says holiday rush has been ‘relatively similar’ to last year, as forecast sends shares lower.
- Fund managers most upbeat on stock market since January 2022 as S&P 500 nears record.
yahoo! finance:
- The Fed tiptoed into a pivot, now it’s urged to move faster.
- Credit card rates still rising, despite Fed pause.
- Tesla’s labor issues are piling up.
“The Trend is your Friend”. In Algomodel Signals Pro a trend line does exactly that
Global Indexes
S&P 500
The S&P 500 is continuing its trend with a shaven head candle. This is a very positive candle as there was no profit taking just before the close.
DAX
The DAX made a similar gain as the S&P 500. Our trend line was adjusted slightly to coincide with the EMA8 line.
HANG SENG
The HANG SENG lifted off its EMA8 line with a gap. We have a rising bottom to start a new positive trend line.
NYSE & NASDAQ Stocks
Caterpillar Inc
Caterpillar only hesitated one day with a high wave candle at top resistance and then broke it. Frontrunner is warning of new highs to come!
FedEx Corporation
FedEx has not reached its all-time high, but with a poor forecast it is doubtful that it will. It made 2 high wave candles next to each other with a P2 Power Signal warning as investors evaluate the forecast.
JSE Stocks
JSE All Shares
The JSE All Shares lifted its head and if it follows global markets, we might see another attempt to break its 200 DMA.
Northam Platinum Holdings Ltd
Northam Platinum is making an attempt to break its 200 DMA. Notice that the latest rally started with a P1 Power Signal.
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.
