TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- AI-Led investments are driving US economic growth.
- Fed’s Waller says he’s still advocating a rate cut in December.
- Trump pushes for a US-Led digital economy that’s free of tariffs.
- Canada to unveil raft of mining deals at G-7 Energy summit.
MarketWatch:
- Nvidia is the biggest winner from earnings season – and it hasn’t even reported yet.
- Trump could give automakers relief from Nexperia chip shortage with China deal.
- Still no sign of surging layoffs despite Amazon, UPS job cuts.
- Jereme Powell says the AI bubble and the dot-com bust are different. He’s wrong.
yahoo! finance:
- US stock futures climb as November kicks off with earnings, AI, Fed.
- Fed officials strike hawkish tone on rate cut.
- Courts order Trump to keep paying food stamps amid shutdown.
- Alphabet, Amazon stakes in anthropic boost profit by billions.
Stocks climbed to cap a winning month for October.
New polls could spell trouble for Trump and the Republicans.
Global Indexes
S&P 500
The S&P 500 still closed abobe its EMA8 line, staying in positive territory.
DAX
The DAX continued its negative trend. Busy with leg c of an abc correction.
HANG SENG
The HANG SENG is also busy with leg c of an abc correction.
NYSE & NASDAQ Stocks
Amazon.com Inc
After upbeat earnings and forecast AMZN made a breakaway gap. Notice that Frontrunner is predicting more highs to come.
Eli Lilly and Co
LLY made a J-curve and is on its way towards an AI target of $938.
JSE Stocks
JSE All Shares
The JSE All Shares is staying inside the triangle it is forming with its correction.
Sasol Ltd
Analysts have no clue what the target price for Sasol should be. It varies from R121 to R472 with an average target of R133. SOL made an engulfing bull candle that could signal a J-curve.
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.
