TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Jobs-day shocker vindicates great risk rally of 2024.
- China stock traders ponder how far blockbuster rally can go.
MarketWatch:
- Unemployment rate falls to 4.1% as US economy adds 254,000 jobs in September.
- Dow scores record high, ekes out weekly gain after strong jobs report.
- Fed pause on rate cuts in November now possible, says portfolio manager.
- US stocks’ remarkable 2024 run is likely to continue during the fourth quarter, history shows.
yahoo! finance:
- Jobs report crushes expectations.
- Jobs report sets up Trump and Harris for a defining battle.
- Nasdaq leads as stocks jump after jobs report blowout.
- Oil pares gains as concerns about Middle East conflict grow.
All the indexes in the US made a positive breakaway gap after the Jobs report crushed expectations.
Global Indexes
S&P 500
After the uncertain doji the jobs report pushed the S&P 500 above its EMA8 line, closing just below top resistance.
DAX
The DAX responded with an engulfing bull candle.
HANG SENG
The rally of the HANG SENG has no brakes. Currently it is making a high wave candle sitting on top of an important resistance of 22700.
NYSE & NASDAQ Stocks
Amazon.com Inc
Amazon.com broke its short-term negative trend line with a MACD that changed colour in oversold territory.
Advance Micro Devices Inc
AMD escalated into all positive territory after breaking its long-term negative trend line.
JSE Stocks
JSE All Shares
The JSE All Shares is still building on its flag. If it follows global markets, we should get a breakout of the top of the flag.
Impala Platinum Holdings Ltd
Impala Platinum is busy completing its J-curve by breaking resistance.
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.
