TAGS: Technical analysis software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Asian stocks fall as political turmoil hits Korea.
- S&P 500 ekes out gain to notch 55th record in 2024.
- US stocks are set for breather after latest record.
- Wall Street short sellers throwing in the towel, Citigroup says.
MarketWatch:
- Big Tech stocks fuel S&P 500, Nasdaq to record highs.
- Opinion: Trump won’t ease inflation or bring prosperity. But he could make it worse.
- US investors watch French budget mess amid memories of eurozone debt crisis.
- Bank’s outrageous predictions include a tanking dollar and Nvidia becoming twice the size of Apple.
- China bans export of high-tech materials to US with potential military applications.
yahoo! finance:
- Wells Fargo issues the most bullish 2025 S&P forecast yet.
- Salesforce’s AI strategy will ‘improve’ the 2025 story: Analyst.
- CEOs Gelsinger and Tavares had the same problem. Now they’re out.
- Oil rises with focus on OPEC+ supply meeting and China stimulus.
- China dials up US trade tension with tit-for-tat metals ban.
After the latest rally, markets are set for a breather.
Global Indexes
S&P 500
The S&P 500 only managed to inch past its previous high with 2 points. Wells Fargo sees the S&P 500 reaching 7,007 by the end of 2025. We had a previous forecast of 7,400?
DAX
The DAX is also moving into overbought territory after strong positive moves.
HANG SENG
The HANG SENG is trying to lift its head, now touching our negative trend line.
NYSE & NASDAQ Stocks
Taiwan Semiconductor Mfg Co Ltd
The two shares we showed yesterday was the strongest movers on the Nasdaq. TSM made an 8.2% move for the past week chasing the target of $239.
Meta Platforms Inc
META had no problem slicing through strong resistance chasing an average target of $655 by analysts.
JSE Stocks
JSE All Shares
The JSE All Shares also stalled with a long-legged inverted hammer that closed on its 50 DMA resistance.
British American Tobacco PLC
BTI stalled against top resistance in overbought territory. Notice where Frontrunner started heading down.
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.
