TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- China boosts index investments in latest bid to revive market.
- S&P 500 sees best start for a president since 1985.
- Wall Street enters darker age with most stock trading hidden.
- China’s new rules to add $138 billion into market, analysts say.
MarketWatch:
- Trump vs Powell: Who will drive the stock market as the Fed holds its first meeting of the year?
- Trump tariff talk heats up on Wall Street, signaling rocky road ahead for investors.
- US stocks pull back as tech slumps, but posting big weekly gains after Trump’s return to White House.
- Nvidia’s toughest competition might just be Alphabet.
yahoo! finance:
- AI-driven power boom will drive demand 38% higher on top US grid.
- Apple tests key technical level in worst start since 2008.
- Tesla launches refreshed Model Y in bid to boost sales.
With the presidency of Trump now in full swing we can expect lots of volatility until all the new policies settle down. a Check on the health of the US economy awaits this week with Big Tech earnings and a key Fed meeting.
Global Indexes
S&P 500
The S&P 500 retreated from its high of the day to close just above its break line of 6100.
DAX
The DAX is showing signs of retreating in extreme overbought territory after a strong rally.
HANG SENG
The HANG SENG has bounced on 4 important supports. Let’s see if we can get a liftoff.
NYSE & NASDAQ Stocks
Palantir Technologies Inc
PLTR had a good rally that stalled with a long-legged doji at top resistance. It is way above the average analysts’ predictions of $49 in overbought territory with 7 of them giving a sell.
Apple Inc
AAPL was one of the worst performers this year. It has lost market share in China and has limited traction with its AI offering.
JSE Stocks
JSE All Shares
The JSE All Shares stalled at its 50 DMA resistance with 4 failure candles to penetrate it.
Kumba Iron Ore Ltd
KIO had the best day with a 6.1% gain. It formed a J-curve with its engulfing bull candle.
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.
