TAGS: Technical Analysis Software
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News in Brief
- Powell’s vote-gathering challenge shows test for next Fed chair.
- Fate of Fed’s Cook tied to Supreme Court Case on Trump firings.
MarketWatch:
- Nvidia’s stock rises as Trump blesses China sales.
- Trump’s new $12B farm aid package is just a Band-Aid for struggling soybean growers.
- The Fed meeting this week will determine if investors get new all-time highs or coal for Christmas.
yahoo! finance:
- Trump greenlight exports of Nvidia H200 chips to China.
- China’s trade surplus tops $1 trillion for the first time.
- IBM boosts cloud computing push with $11 billion confluent deal.
- Traders dump Big Tech, load up laggards in year-end switcheroo.
How the Fed follows this week’s ‘hawkish cut’ is far from certain.
Global Indexes
S&P 500
The S&P 500 bounced on its EMA8 line while in overbought territory.
DAX
The DAX made a high wave candle against resistance.
HANG SENG
The HANG SENG bounced down from its 50 DMA resistance.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVDA lifted its head after the China sales was approved but still could not break its 50 DMA resistance.
Microsoft Corporation
MSFT made a breakaway gap ignoring analysts predictions.
JSE Stocks
JSE All Shares
The JSE All Shares is also struggling for new direction. After breaking its triangle, it just bounced down again managing to stay above its 50 DMA.
Spar Group Ltd
SPP is also struggling to break its 50 DMA resistance and in doing so building a platform on its R102 level.
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.
