TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Stocks slip ahead of US jobs, China yields rise.
- Treasuries end four-day selloff; UK assets tumble.
- HSBC analysts see 21% upside for Hong Kong-listed Chinese stocks.
MarketWatch:
- Investors on edge as Friday’s jobs report could make or break stock-market rally.
- L.A. wildfires have caused more than $50 billion of economic loss – and counting.
- Stock valuations now match levels that Greenspan labeled ‘irrational exuberance’.
yahoo! finance:
- SCOTUS rejects Trump’s bid to delay sentencing in hush money case.
- TikTok ban heads to the Supreme Court.
- US hiring announcements hit lowest in 9 years.
- Fed’s Harker still expects rate cuts but sees considerable uncertainty.
The auto industry stole the show at CES – with Nvidia’s aid. The US markets were closed for president Jimmy Carter’s state funeral.
Global Indexes
S&P 500
The S&P 500 bounced on support with a hammer candle, still closing below important resistances on Wednesday.
DAX
The DAX remained uncertain after the long-legged doji with a high wave candle.
HANG SENG
The HANG SENG closed with an uncertain doji and is maintaining its position above 19000 support today.
NYSE & NASDAQ Stocks
These markets were closed yesterday.
The Coca-Cola Co
KO dipped way below all analysts’ calculations and is now showing signs of support in oversold territory. The average target of analysts is $75.
JPMorgan Chase Co
JPM reflects the uncertainty on markets with two high wave candles next to each other.
JSE Stocks
JSE All Shares
The JSE All Shares made a piercing candle in semi-oversold territory.
Sasol Ltd
Sasol bounced with divergence in place on its R80 support with a double bottom. It is still below its 50 DMA negative trend.
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.
