Bull Case is Broadening

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

  • US shutdown nears end as Senate passes deal, House readies vote.
  • Bessent deflects inflation concerns, sees better times in 2026.

MarketWatch:

  • Slashing drug prices is pushing Eli Lilly’s stock to all-time highs.
  • The US labor market lost an average of 11,250 jobs per week in October, ADP report shows.
  • Trump says ‘polls are fake’ after Instagram says people anxious over economy.
  • Michael Burry says Oracle and Meta are wildly overvalued.

yahoo! finance:

  • Dow, S&P 500, Nasdaq futures flutter as key shutdown vote looms in House.
  • The bull case for stocks is broadening beyond AI.
  • China plans to keep its rare earths out of US military hands.

MAGA media chief warns that Trump looks ‘weak and rudderless’. Who knows what comes next?

Global Indexes

S&P 500

The S&P 500 inched higher.

DAX

The DAX broke its negative trend line.

HANG SENG

The HANG SENG stalled with a high wave candle but is continuing the positive trend this morning.

NYSE & NASDAQ Stocks

FedEx Corporation

FDX made a strong move to reach an old resistance created by a previous gap.

Eli Lilly and Co

LLY broke top resistance to close at a new high.

JSE Stocks

JSE All Shares

The JSE All Shares made an unconfirmed inverted hammer candle.

AngloGold Ashanti Ltd

Gold shares are galloping higher with ANG gaining 5.9% for the day and 17.7% for the past week.

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.

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