TAGS: Technical analysis software
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News in Brief
Bloomberg:
- French stock pain set to continue after worst year since 2010.
- Stocks extend record-breaking run after jobs data.
- Chinese stocks jump ahead of key meeting on stimulus bets.
MarketWatch:
- Amazon has caught up in the AI race, analysts say, as its stock surges to another record.
- Tesla’s stock close at highest price in nearly 3 years.
- The stock market’s ‘fear gauge’ is trading at lows. Retail investors should take note.
- TikTok vows to take US ban case to Supreme Court. Meta and Google could see user gains in the meantime.
yahoo! finance:
- Key inflation prints loom ahead of Fed rate cut decision.
- Nasdaq, S&P 500 pop to strong weekly gains with help of jobs report.
- TikTok’s loss is Meta’s win.
- Jobs report tees things up for the Fed.
- Uber and WeRide launch robotaxi service in Abu Dhabi.
The US added 227,000 jobs in November, beating expectations. China’s consumer inflation hits five-month low in November.
Global Indexes
S&P 500
The S&P 500 extended its positive only slightly, as it is in overbought territory.
DAX
The DAX stalled with an uncertain doji in extreme overbought territory.
HANG SENG
The HANG SENG is busy breaking its negative trend line on stimulus bets.
NYSE & NASDAQ Stocks
Amazon.com Inc
After AMZN broke top resistance with a gap, it has no brakes.
Adobe Systems Incorporated
ADBE also broke an important resistance to chase its $621 target price.
JSE Stocks
JSE All Shares
The JSE All Shares is uncertain about the way forward with a high wave candle.
Absa Group Ltd
Banks had the best day on the JSE with ABG performing the best. It is well on its way to its top resistance of R210.
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.
