TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- EU steps up pursuit of frozen Russian assets to aid Ukraine.
- US jobless claims decline to lowest level since mid-April.
- UK hits biggest retailers to ease tax burden on struggling shops.
MarketWatch:
- Stocks stage powerful comeback ahead of Thanksgiving – but still haven’t erased November’s losses.
- JPMorgan one-upped the most bullish call on Wall Street for the S&P 500 next year.
- Alphabet gets closer to $4 trillion as Morgan Stanley puts a big number around its chip potential.
- Dell rides a boom in AI servers to deliver an upbeat forecast.
yahoo! finance:
- JPMorgan sees a path to 8,000 for the S&P 500 next year.
- HSBC’s big S&P call reflects Wall Street faith in AI trade.
- Oil holds near month-low as Trump hails progress on Ukraine deal.
- Bitcoin continues recovery – but ‘increasing risks’ loom.
Strategist think 2026 will be another good year for US investors.
Global Indexes
S&P 500
The S&P 500 extended its rally with a gap. Be careful of an exhaustion gap?
DAX
The DAX broke its 200 DMA with its gain.
HANG SENG
The HANG SENG is very uncertain about its next move. This time with an inverted hammer candle next to the previous high wave candle.
NYSE & NASDAQ Stocks
Advance Micro Devices Inc
AMD now made two turning candles and two bounces on its $204 support, but still remaining below its 50 DMA resistance.
Deere Company
Forecast estimates pressured by tariff impacts and weaker margins from its large tractors made DE tumble 5.8%. Notice that it made a death cross 5 weeks earlier. (50 DMA broke the 200 DMA downwards)
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets higher.
Tiger Brands Ltd
TBS stole the limelight with its 7.1% gain with a breakaway gap.
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.
