All Indexes Gaining

TAGS: Technical analysis software

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News in Brief

Bloomberg:

S&P 500 has its best week since November election.
Traders pile into bullish China ETF wagers after Trump-Xi call.

MarketWatch:

S&P 500 now up in 2025 after broadening rally ahead of Trump inauguration.
Trump set to break the all-time federal debt record amid inflation battle.
Starbucks’s turnaround plan under new CEO now likely includes job cuts.
Tesla’s stock surges ahead of Trump’s inauguration.

yahoo! finance:

Trump discussed ‘balancing’ TikTok with China’s Xi Jinping amid ban.
TikTok restoring service after going dark in US, citing Trump ‘clarity’.
Trump comments on TikTok ban: ‘Stay tuned!’.
Dow leads weekly stock market rally ahead of Trump inauguration.

Ramaphosa is not invited to Trump’s inauguration. Trump and his allies are promising a ‘blizzard’ of activity today, with perhaps 100 executive actions within hours.

I will be away for the rest of this week and will commence market reviews again next week.

Global Indexes

S&P 500

The S&P 500 made another gap to close above resistances.

DAX

The DAX also gained with a gap.

HANG SENG

The HANG SENG is still below 2 resistances above.

NYSE & NASDAQ Stocks

Tesla Inc

The most active share was Tesla ahead of Trump inauguration.

Novo Nordisk AS

NVO is still the share correcting the most. It has fallen 40% since reaching a record high last June. It has been hurt by supply and drug pricing concerns, along with increasing competition for its blockbuster obesity and diabetes medicines.