TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Modest US hiring to Cap a sluggish year for the job market.
- China’s services gauge slows again with growth at six-month low.
MarketWatch:
- Spending over $100 billion to rebuild Venezuela’s oil industry won’t be the biggest obstacle facing US oil companies.
- Stocks set to chase record highs on Wall Street as crude oil wavers after Venezuela operation.
- Intel’s stock is so cheap compared to TSMC’s – and analyst now says ‘buy’.
yahoo! finance:
- Nvidia launches Vera Rubin, its next major AI platform.
- Copper hits record $13,000 as US import rush fires up bulls.
- Chevron, US oil majors rally after Trump’s Venezuela vow.
- Fallout begins after Trump’s stunning move in Venezuela.
Investors pin hopes on the ‘January barometer,’ as stocks skipped ‘Santa Claus rally’ for a 3rd year.
Global Indexes
S&P 500
The S&P 500 closed at its top resistance hurdle. Futures are currently positive.
DAX
The DAX broke its top resistance.
HANG SENG
The HANG SENG took a breather with a doji, but continued the positive rally this morning.
NYSE & NASDAQ Stocks
Halliburton Company
HAL made a breakaway gap joining the rally of oil companies.
Bank of America Corp
Banks are also in a rally with BAC breaking top resistance.
JSE Stocks
JSE All Shares
The JSE All Shares also lifted its head with global markets to start forming a J-curve.
Sasol Ltd
Sasol did not join the US rally yet and is still hesitating with a long-legged doji below its 50 DMA. Notice that its MACD did turn green with Frontrunner heading up.
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.
