TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Trump delays new tariff hike on furniture, kitchen cabinets.
- Xi touts China’s AI, Chip wins in triumphant new year’s speech.
MarketWatch:
- Trump’s Venezuela raid could worsen America’s affordability crisis.
- January’s first trading days predict the stock market’s year – or so they say.
- Berkshire Hathaway’s stock starts its post-Buffett life with a bullish ‘golden cross’.
yahoo! finance:
- All eyes on December jobs numbers in first full trading week of 2026.
- Dow, S&P 500 edge higher to kick off 2026, semiconductor stocks rally.
- Tesla reports annual deliveries fall for second straight year.
Investing decisions are not easy and expect a bumpy road ahead. Analysts still believe that AI and chip makers will take the lead? China AI chipmaker Biren soared 76% in Hong Kong deput.
Global Indexes
S&P 500
The S&P 500 edged higher below strong resistance. Notice that the past years gain was 16.9% with a Rand that strengthened 12% leaving you with a 4.9% gain.
DAX
The DAX opened 2026 with an uncertain high wave candle just below top resistance. Notice that its gain for the years was 22.5%.
HANG SENG
The HANG SENG broke its 50 DMA resistance after closing 6 weeks below it, helped by the listing of Birem. Its gain for the past year was 34.2%, much better than the other global indexes, but coming from a very low basis.
NYSE & NASDAQ Stocks
Alibaba Group Holdings Ltd
After the listing of Birem all the AI related shares made a breakaway gap. BABA‘s breakaway gap still closed below its 50 DMA. There is still 24% potential to its target price of $191. Analysts believe that the shares that lagged during 2025 have the most potential this year.
Palantir Technologies Inc
PLTR had the worst opening for 2026. Notice where its downward breakaway gap occurred. Never ignore gaps!
JSE Stocks
JSE All Shares
The JSE All Shares is also uncertain against top resistance with an inverted hammer candle. Waiting for global uncertainty.
Northam Platinum Holdings Ltd
Although NPH closed close to high expectations against top resistance, AI is giving it as one of the preferred shares for 2026. Maybe best to wait for a correction as it is showing divergence at current levels. Also shown on the graph is where abnormal volumes changed hands … sign of changing direction. Use all the technical signs to your advantage as highlighted in Algomodel Signals Pro.
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.
