TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian shares in tight range, dollar extends gains.
- Wall Street’s ‘Trump Trades’ keep powering ahead.
- Stocks rise as dollar on track for highest in year.
- Terry Smith shuns Nvidia shares as fears AI hype is overblown.
- Chinese stocks in Hong Kong fall as fiscal plan fails to impress.
MarketWatch:
- Warren Buffett’s growing cash hoard makes stock-market bulls nervous. Should it?
- S&P 500 eclipses 6,000 and Dow surpasses 44,000.
- Chipotle tabs internal pick Scott Boatwright as CEO.
- Banks may face uncertainties after election euphoria fades: analyst.
- Election rally should continue – except this part of it, says Morgan Stanley’s Mike Wilson.
- Dow futures rise and S&P 500 takes another crack at 6,000 as election rally continues.
yahoo! finance:
- Dow surges as stocks resume record-setting rally.
- Trump’s presidency carries plenty of market risk, experts warn.
- Oil retreats on weak Chinese demand outlook and stronger dollar.
- The US ordered TSM to halt AI chip shipments to China: Source.
Tesla is still leading as the stocks continued a roaring post-election rally.
Global Indexes
S&P 500
The upwards momentum of the S&P 500 is declining as it closed on 6001.
DAX
Although the DAX closed positively, it made an inverted hammer candle.
HANG SENG
The HANG SENG is still inside the sideways channel, but on the negative side.
NYSE & NASDAQ Stocks
Tesla Inc
TESLA still topped the charts with its 9% gain. It however made a gap and an indecision high wave candle. It could be an exhaustion gap.
salesforce.com Inc
CRM is the other share that has no brakes while making new highs every day. Notice that Frontrunner is predicting more highs.
JSE Stocks
JSE All Shares
The JSE All Shares made an unconfirmed inverted hammer candle (turning candle) on support in oversold territory.
Woolworths Holdings Ltd
WHL launched off its long-term support and followed it up with a breakaway gap breaking its 50 DMA 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.
