Jobs Market Mixed Bag

TAGS: Technical Analysis Software

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News in Brief

Bloomberg:

Bessent under discussion to also lead National Economic Council.
Key Japan officials would go along with a BOJ December rate hike.

MarketWatch:

Investors see Friday’s inflation report as a gut check for vibes on the economy.
Strategist who nailed stocks, bonds and oil this year warns of ‘optimism shakeout’ in early 2026.
Meta’s stock pop could be just the start as Zuckerberg takes aim at ‘black hole’ of spending.

yahoo! finance:

A jobs market mixed bag: Layoffs send ominous signal, but claims drop.
Market doubts Hassett can deliver at Fed: Top fund manager.
Meta jumps on report Zuckerberg plans steep metaverse cuts.
US stock futures trade flat as Fed-favored inflation data looms.

Alphabet’s AI chips are a potential $900B ‘secret sauce’.

Global Indexes

S&P 500

The S&P 500 is trading flat in anticipation of new direction. We are in overbought territory.

DAX

The DAX moved closer to its 50 DMA resistance with a high wave candle.

HANG SENG

The HANG SENG is still moving sideways on its EMA8 line. Notice that the weekly gain is zero.

NYSE & NASDAQ Stocks

Meta Platforms Inc

MET‘s gain was stalled by its 50 & 200 day resistance averages above, also in overbought territory.

salesforce.com Inc

CRM sailed through its 50 DMA resistance with a 3.7% gain. Notice where Frontrunner broke up and the MACD changed colour.

JSE Stocks

JSE All Shares

The JSE All Shares is waiting for global moves to break out of its triangle. It could be up or down?

Sappi Ltd

The strong move of SAP was primary driven by a joint venture with UPM for their European graphic paper business to address the long-term decline in the graphic paper market.