TAGS: Technical analysis software
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News in Brief
Bloomberg:
- Wall Street on hold as Bessent’s remarks in focus.
- Asia stocks snap three-day gain as risk rally ebbs.
- China heads for Trump showdown with Yuan, stocks under threat.
MarketWatch:
- Key stock-market sentiment gauge turns cautious.
- Trump and Biden may agree on stopping TikTok ban as transition draws near.
- Opinion: For Trump, Greenland and Panama are really about one thing: China.
yahoo! finance:
- Nasdaq slides as stocks fail to build on rally.
- Bank of America and Morgan Stanley cement a Wall Street revival.
- Trump team readies plan for Russia deal, Iran squeeze.
- Symbotic to buy Walmart’s robotics unit for $200M.
- Target raises its holiday sales forecast.
- Wall Street could get a boost from $1 trillion in buybacks, Goldman says.
Profits of two major banks more than doubled, and dealmakers are optimistic about the coming Trump presidency.
Global Indexes
S&P 500
The S&P 500 stalled on its 50 DMA resistance.
DAX
The DAX is uncertain about its new territory with a doji.
HANG SENG
The HANG SENG managed to close above its 50 DMA with two major resistances ahead.
NYSE & NASDAQ Stocks
Taiwan Semiconductor
TSM made a breakaway gap but stalled at top resistance. The average analysts target is $234.
Bank of America Corp
BAC also stalled with a high wave candle close to top resistance. New target by analysts is $52 after upbeat earnings.
JSE Stocks
JSE All Shares
The JSE All Shares is also uncertain about its break with a high wave candle.
Compagnie Financiere Richemont SA
CFR made a breakaway gap to touch top resistance.
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.
