TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks gain on China recovery, weaker dollar.
- Stocks get hit as Powell’s remarks curb Fed wagers.
MarketWatch:
- Stocks end lower after Powell throws cold water on hopes for December interest-rate cut.
- Nvidia tops list of favored S&P 500 stocks on expected sales growth through 2026.
- Vaccine-maker stocks like Moderna, Phizer drop as Trump pick RFK Jr. to lead HHS.
- Tesla is new pick for Daniel Loeb’s Third Point, as hedge fund ditches Uber.
yahoo! finance:
- Trump’s proposed tariffs could affect cost of everyday items.
- Stocks slide as Powell signals caution on rate cuts.
The post-election rally is fading and the Fed’s remarks about more rate cuts caused more corrections.
Global Indexes
S&P 500
The S&P 500 extended its correction to close just above its EMA8 line.
DAX
After the uncertain high wave candle the DAX climbed back to close above its EMA8 and 50 DMA.
HANG SENG
The HANG SENG is positive today, still below its 50 DMA.
NYSE & NASDAQ Stocks
Apple Inc
AAPL climbed back to close above its 50 DMA.
Deere Company
DE made a bounce just above its 200 DMA support, but the negative trend is not broken.
JSE Stocks
JSE All Shares
The JSE All Shares made an uncertain long-legged doji on our positive trend line. We will see today if this turning candle is confirmed.
Sun International Ltd
SUI is showing signs of a turn after its abc correction. Frontrunner is breaking up with a MACD changing colour in oversold territory.
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.
