TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Stocks get hit as Powell’s remarks curb Fed wagers.
MarketWatch:
- Trump’s victory cleared up some stock-market uncertainty – but big questions remain.
- Investors are bracing for higher-for-even-longer interest rates.
- Dow ends 300 points lower as rate-cut doubts stall postelection rally.
- Tyson-Paul fight gives Netflix opportunity to show it can handle big live events.
yahoo! finance:
- Stocks sink as post-election rally fades, Fed spurs rate-cut rethink.
- Nvidia to report Q3 earnings as AI fewer powers Wall Street. (20/11 After market close)
- Chinato retaliate if Trump boosts tariff: Ex-PBOC official.
- Is anyone crazy enough to audit Super Micro Computer?
- Morgan Stanley, Goldman turn more cautious on China stocks.
The correction escalated on Friday with the Fed’s rethink of interest rate cuts.
Global Indexes
S&P 500
The S&P 500 made a breakaway gap to close below its EMA8 line. The negative trend is slowly moving out of the overbought territory.
DAX
The DAX is stuck between its EMA8 line resistance above and its 50 DMA support below.
HANG SENG
The HANG SENG was uncertain with a small body candle on Friday. It lifted its head today in oversold territory.
NYSE & NASDAQ Stocks
Super Micro Computer Inc
SMCI has more than just auditing problems … who wants to buy a share falling like a rock (-85% from top).
Walt Disney Co
DIS was one of the few shares that moved positively on Friday. Notice that the breakaway gap came 6 days before the announcement of the actual results (insider information). The continuation gap came after the result announcement.
JSE Stocks
JSE All Shares
The JSE All Shares made another uncertain long-legged doji next to the first one. No confirmation of the next move … if it follows the US, the next move will be down.
Anglo American PLC
AGL managed to climb past its 200 DMA and close on 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.