TAGS: Technical Analysis Software
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News in Brief
- FedCut this week may be last for a while.
- Drama may be new normal for the Fed with divide on interest rates.
- Trump floats autopen investigation into Biden’s Fed nominees.
MarketWatch:
- Stocks gain as Fed’s final rate cut of 2025 bolsters case for early start to ‘Santa Clause rally’.
- Oracle’s mixed earnings fail to dispel AI fears, and the stock falls.
- Adobe’s AI-driven earnings beat is not enough to boost the stock.
- US stock indexes edge lower as investors await the Fed’s last interest-rate decision of the year.
yahoo! finance:
- US stock futures mixed after Fed decision as Oracle sinks.
- Oracle sinks as revenue falls short
- SpaceX IPO plan puts $2.9T of listings back on the table.
- Wells Fargo sees S&P 500 clocking double-digit gain in 2026.
Oil softens as Global Oversupply concerns weigh on markets. The Fed cut rate by a quarter of a percent point to the 3.5%-3.75% range.
Global Indexes
S&P 500
The rate cut lifted the S&P 500 to close just below top resistance.
DAX
The DAX stalled with a doji, still above its 50 DMA support.
HANG SENG
The HANG SENG made a hammer turning candle that was confirmed this morning with a positive move.
NYSE & NASDAQ Stocks
Chevron Corporation
CVX gave a P2 Power Signal with divergence in place.
FedEx Corporation
FDX continues its positive rally ignoring analyst predictions.
JSE Stocks
JSE All Shares
The JSE All Shares is still waiting for direction inside the triangle we showed previously.
Prosus NV
After a long correction PRX is showing signs of turning with a hammer and a high wave candle on its 200 DMA support.
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.
