TAGS: Technical Analysis Software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Shell set to invest $1 billion in Angola’s key offshore blocks.
- EU left red-faces on climate targets days ahead of COP talks.
MarketWatch:
- The risk of an AI bubble is growing, says a stalwart stock-market bull.
- Palantir’s stock falls despite AI feuling another flurry of records.
- Earnings are supporting stocks, but there are two risks to watch, says Morgan Stanley.
- Buffett keeps selling stocks – and more takeaways from Berkshire Hathaway earnings.
- Investors are no longer rewarding earnings beats, according to Goldman Sachs.
yahoo! finance:
- US stock futures fall as Wall Street waits for latest key earnings.
- Amazon strikes $38B deal with OpenAI for Nvidia chips.
- Shutdown nears longest in history as Trump says ‘won’t be extorted’.
- Nvidia can hit $8.5T on ‘golden wave’ of AI: Analyst.
S&P 500 and Nasdaq open November in the green as Amazon & Nvidia gain.
Global Indexes
S&P 500
The S&P 500 made two unconfirmed hammer (turning) candles next to each other, closing above its EMA8 line.
DAX
The DAX bounced on its 50 DMA support to close on its EMA8 line.
HANG SENG
The HANG SENG also used its 50 DMA as support for a bounce.
NYSE & NASDAQ Stocks
Amazon.com Inc
After upbeat earnings and forecast AMZN made a $38B deal for Nvidia chips. Notice Frontrunner is warning of more highs to come.
Eli Lilly and Co
We showed LLY making a J-curve as it is continuing towards its target of $938.
JSE Stocks
JSE All Shares
The JSE All Shares remains uncertain of direction with a high wave candle inside its triangle.
Sasol Ltd
SOL is edging higher towards its 50 DMA 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.
