CPI Meets Forecast

TAGS: Technical analysis software

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News in Brief

Bloomberg:

  • China markets flag caution, reduced hope for key policy meeting.

MarketWatch:

  • Nasdaq end above 20,000 threshold for first time, while Dow falls again.
  • Quantum-computing stocks are soaring as investors place bets on ‘the next big thing’ in tech.
  • The 10 most-loved S&P 500 stocks could see as much as 50% upside in 2025.
  • November CPI report: Headline and core readings rise 0.3%, matching expectations.

yahoo! finance:

  • Tesla soars to all-time high amid dramatic turnaround.
  • Asia stocks rally on Fed cut bets.
  • Adobe is struggling to monetize its AI investments, earnings show.
  • CPI rise matches forecasts, cementing Fed rate cut bets.
  • Exxon raises capital spending as worldwide oil glut looms.

CPI matched forecasts giving the Fed room to cut rates next week. Markets responded positive on the news quantum-computing the new buzz word.

Global Indexes

S&P 500

The S&P 500 bounced to close just below top resistance.

DAX

The DAX also bounced.

HANG SENG

As hopes of a stimulus is fading the HANG SENG slipped below its 50 DMA resistance.

NYSE & NASDAQ Stocks

Alphabet Inc

GOOGLE smashed top resistance with its key word Quantum-computing.

Tesla Inc

TESLA also broke top resistance and made Musk the richest man in the world.

JSE Stocks

JSE All Shares

The JSE All Shares eased some more to build up steam for strong top resistance.

Barloworld Ltd

We are showing the weekly chart of BAW that broke out to trade above its 200 DMA again.

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.

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