TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Germany Inc seen defying downturn with earnings growth in 2025.
- Zero-Day options are most popular on S&P 500 as dominance grows.
- UBS Wealth urges Chinese stock investors to stay ‘Defensive’.
MarketWatch:
- Opinion: China has cost the US millions of jobs. Trump will change that – not necessary for the better.
- Apple offers rare iPhone discounts in China as foreign smartphone sales drop.
- US Steel stock tumbles to almost half of what Nippon Steel offered after Biden rejection.
yahoo! finance:
- Delta earnings, job report, Fed minutes: The week ahead.
- Johnson re-elected as House speaker after promise to work with ‘DOGE’.
- Microsoft to spend $80 billion on AI data centers this year.
- Stocks jump as Nvidia, Tesla lead spark to end losing week.
- Xpeng, Volkswagen to build ultra-fast charging network in China.
The Santa-Rally was skipped during 2024. The new year however kicked off with some strong bounces.
Best for the new year and may you make good investment decisions with some technical help.
Global Indexes
S&P 500
Instead of a Santa-Rally the S&P 500 made an abc correction and then bounced on 5870 support to close on its 50 DMA.
DAX
The DAX has not completed its abc correction and bounced down from its EMA8 line.
HANG SENG
The HANG SENG still does not have the strength to break its resistances above.
NYSE & NASDAQ Stocks
NVIDIA Corporation
After its abc correction NVIDIA started ticking up. 40 Analysts still gives it an upside potential of 22%.
Costco Wholesale Corporation
COST made a P1 power Signal on analysts’ lowest price prediction of $900 with an indecision high wave candle in oversold territory. It has an 16% potential to the average price prediction.
JSE Stocks
JSE All Shares
The JSE All Shares also bounced on support with a P1 Power signal starting the new year.
Shoprite Holdings Ltd
SHP made an engulfing bull with a P1 Power Signal in oversold territory. An analyst is recommending this share, but different from the US analysts, they do not give target prices.
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.
