TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Bessent under discussion to also lead National Economic Council.
- Market doubts Hassett can deliver at Fed, PGIM’s Peters says.
MarketWatch:
- The Fed meeting this week will determine if investors get new all-time highs or coal for Christmas.
- Cavana gets a spot in the S&P 500 – at the expense of tech stocks.
- ‘China’s Nvidia’ shows that the global chip race is heating up.
- SpaceX may be worth more than half of Tesla – with a sixth of the revenue.
- The Fed is running into a wall of its own making.
yahoo! finance:
- US stock futures steady with Wall Street awaiting expected Fed rate cut.
- Eli Lilly’s Mounjaro added to China’s state insurance list for diabetes treatment.
- Netflix to buy Warner Bros. studios, streaming unit in $72B deal.
- Fed’s preferred inflation gauge slows, likely easing way to rate cut.
If AI is taking our jobs, then why are office vacancy rates falling?
Global Indexes
S&P 500
The S&P 500 is in overbought territory as it nears top resistance with an uncertain doji..
DAX
The DAX managed to close above its 50 DMA again in positive territory.
HANG SENG
The HANG SENG is still moving sideways on its EMA8 line, below its 50DMA. It needs more steam to break this resistance but has built a launching platform.
NYSE & NASDAQ Stocks
General Electric Company
A share to start watching is GE. It is still correcting and has a 20% potential to a target price of $338. Notice that we have divergence in place for a turn.
salesforce.com Inc
We showed the potential of CRM last week. It has now reached its last hurdle, its 200 DMA resistance. Analysts see a potential of $328.
JSE Stocks
JSE All Shares
In our book we have a break of the triangle of the JSE All Shares to the upside, signaling a positive direction.
Gold Fields Ltd
It was gold shares that pulled the index with GFI taking the lead.
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.
