TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Stocks drop as traders brace for Trump’s US agenda.
- S&P 500 rally hits wall as treasury yields spike.
- Chinese stocks, Yuan fall on Trump plans, stimulus letdown.
MarketWatch:
- Sticky inflation might make it more tricky for Fed rate cuts, CPI could show.
- Trump is ‘the most pro-stock-market president [ever],’ says noted Wharton professor.
- German stocks and euro fall as investor confidence slides after coalition collapse.
- Rivian stock soars as joint venture with Volkswagen is upsized to $5.8 billion.
yahoo! finance:
- Inflation ‘unlikely to show much progress’ in October.
- Dow slides as stocks take a break before CPI.
- Trump set to pick China hawk Rubio for secretary of state.
- Hertz falls amid mounting losses from failed Tesla bet.
- Amazon lets researchers tap its AI chips for free, challenging Nvidia.
Markets are showing signs of fatigue in overbought territory.
Global Indexes
S&P 500
The S&P 500 made a negative power signal in overbought territory.
DAX
The DAX made a gap to close below its 50 DMA.
HANG SENG
The HANG SENG opened with an uncertain doji below its 50 DMA.
NYSE & NASDAQ Stocks
Tesla Inc
Profit taking stepped in after the high wave candle for TESLA. We have a power signal with a MACD that changed colour in overbought territory.
Adobe Systems Incorporated
The J-curve of ADBE broke its 50 & 200 DMA’s resistances.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower and is now sitting on its positive long-term trend line.
Gold Fields Ltd
Gold shares are taking the biggest knock during the latest correction with GFI leading the pack.
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.
