TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Stock drift, bonds climb ahead of Thanksgiving.
- Stocks halt record-breaking rally as tech gets hit.
- Chinese stocks jump as stimulus hopes rise ahead of key meeting.
MarketWatch:
- Wall Street sees ‘no alternative’ to US stocks in 2025.
- S&P 500 snaps 7-day streak, stocks fall ahead of Thanksgiving.
- US economy expanded at a 2.8% pace in third quarter – and it’s still going strong.
- Jobless claims slide to 7-month low. Businesses not cutting many jobs.
yahoo! finance:
- Federal workers scared after Musk reveals names of 4 he wants to cut.
- Leaked BYD letter signals China EV price war is set to heat up.
- Mexico warns Trump’s tariff would kill 400,000 US jobs.
- Union: Layoffs at Ford spell ‘incremental death’ for German site.
The picture above is: Chinese Characters ‘HOPE’. We will have to see if that materialise. Stocks slide after key inflation data gauge shows faltering progress.
Global Indexes
S&P 500
The S&P 500 closed below its 6,000 resistance before Thanksgiving.
DAX
The DAX remains uncertain closing with another doji just above support.
HANG SENG
The HANG SENG made a bounce on hope and is trading on its EMA8 line resistance today.
NYSE & NASDAQ Stocks
salesforce.com Inc
After reaching analysts average prediction CRM made a double top and a breakaway gap downwards. Notice the level 2 divergence.
Mastercard Inc
MA is attacking top resistance while a strong buy from 21 analysts is still in place.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower, still trading below its 50 DMA resistance.
Spar Group Ltd
After an engulfing bull candle SPP is breaking its R140 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.
