TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Asian stocks fall on China policy readout, Dollar.
- Wall Street puts rally on hold before Fed meeting.
MarketWatch:
- ‘Magnificent Seven’ hit another milestone – they could continue to dominate the market in 2025.
- Broadcom’s stock soars as earnings call offers a bold AI forecast.
- Costco posts another sales miss – but sees gains in wealthy shoppers.
yahoo! finance:
- Insurers face ‘unprecedented’ fallout after UHC CEO shooting.
- Stocks slide after signs of more sticky inflation.
- Broadcom forecasts booming demand for its AI chip.
The current rally was put on hold due to more sticky inflation.
This is my last market review for 2024. I want to wish you and your family a safe, blessed and happy holiday season.
Global Indexes
S&P 500
The S&P 500 retreated from top resistance to close on its EMA8 line.
DAX
The DAX also stalled with a doji candle.
HANG SENG
The HANG SENG is declining after the China policy readout.
NYSE & NASDAQ Stocks
The Coca-Cola Co
KO is busy breaking out forming a W formation. Notice where the MACD turned green.
Adobe Systems Inc
Markets do not like earnings misses. ADBE got hammered for its earning miss. Notice where we had a P2 divergence Power Signal.
JSE Stocks
JSE All Shares
The JSE All Shares is uncertain about its next move with a hammer and an inverted hammer candle next to each other against top resistance.
Clicks Group Ltd
CLS is also uncertain with a long-legged doji against top 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.
