TAGS: Technical analysis software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- S&P 500 clocks best month of the year; Yields drop.
- BAE Systems falls as BofA sees risk of Musk-led defense cuts.
MarketWatch:
- Trump-obsessed stock-market inverstors are about to get a reality check from jobs data.
- The Dow traded above 45,000 for the first time.
- Apple bears have missed out on more than $1 trillion of stock gains, says bull.
- Artificial intelligence could transform the e-signature industry.
- Tesla has a $1-trillion opportunity in AI and self-driving, and Musk’s ‘first buddy’ relationship with Trump should fast-track it.
yahoo! finance:
- Jobs report will kick off December trading.
- Wall Street is betting on slower Fed rate cuts in 2025.
- Microsoft FTC probe ‘more bark than bite’.
- JPMorgan drops suit against Tesla over Musk tweet and warrents.
- Coffee prices at 47-year high on Brazil crop concerns.
News is causing a lot of volatility but ignoring it all, the world indexes moved positively.
Global Indexes
S&P 500
The S&P 500 closed at a new high of 6,032.
DAX
The DAX steamed past resistance to close just below its top resistance.
HANG SENG
Even the HANG SENG made an attempt to break its EMA8 line resistance but only managed to close on it. Today it is trading with a doji on it while moving sideways.
NYSE & NASDAQ Stocks
Apple Inc
As AAPL is passing top resistance it has moved into extreme overbought territory.
Mastercard Inc
MA is unsure of breaking its top resistance with a doji in overbought territory.
JSE Stocks
JSE All Shares
The JSE All Shares did not follow global markets higher but rather continued with leg c of its abc correction.
Anglo American PLC
AGL was the best performer on the JSE and is touching strong resistance after the positive move.
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.
