TAGS: Technical analysis software
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News in Brief
Bloomberg:
- China’s stocks intervention faces long odds once euphoria fades.
- Goldman Sachs’ Kostin sees S&P 500 reaching 6,000 mark next year.
- China stock traders worry policy-fueled gains may be shortlived.
MarketWatch:
- Now may be a good time to take ‘opportunistic’ profits in gold and silver.
- Micron surprises investors with strong guidance, sending stock soaring.
- Nvidia investors just got a $1 trillion reason to be even more bullish.
- China stimulus plans spark a commodities rally.
- Chinese stocks extend gains after Beijing’s stimulus bazooka.
- US hits Russian state media with sanctions for raising money for Moscow’s troops in Ukraine.
- Stock-market indicator with a near-perfect track record is flashing a buy signal.
yahoo! finance:
- Stock rally loses steam as Dow, S&P 500 slip from records.
- Asian stocks defy Wall Street selloff, charged by dogged China optimism.
- China weighs injecting $142 billion of capital into top banks, Bloomberg News report.
- Boeing losing ‘$100 million to $150 million a day’ on strike.
- GM, Ford and Rivian downgraded: Wall Street’s top analyst calls.
- US holiday spending on buy now, pay later to hit record.
While Global markets took a breather, Asia stocks continue its strong rally.
Global Indexes
S&P 500
The S&P 500 took a breather yesterday with current futures showing a strong gain for today.
DAX
The DAX also eased back from its 19000 level to close above its EMA8 line.
HANG SENG
The HANG SENG is busy with a steep rally leaving its resistances way behind.
NYSE & NASDAQ Stocks
Tesla Inc
Tesla is this week’s strongest performer with its 13.1% gain.
Boeing Co
The strike is not helping Boeing as its price keeps sinking. This share is one of the main causes for the Dow’s poor performance.
JSE Stocks
JSE All Shares
The JSE All Shares is following Asia and smashed top resistance after the long weekend.
Anglo American PLC
The Asia rally sparked AGL with a breakaway gap that broke its negative trend line and 50 DMA.
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.
