TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- The job market is heating up – for jobs that people usually don’t want.
- Japan’s falling GDP backs Takaichi’s case for big fiscal package.
- Germany is just making too much money in China to back away now.
MarketWatch:
- S&P 500, Nasdaq book their worst day in a month. More selling could be on the way.
- Morgan Stanley bullishly sets its S&P 500 sights for the coming year.
- Disney’s deal with YouTube TV shows how streamers are increasingly flexing their muscle.
yahoo! finance:
- Fed’s Waller backs December cut with jobs market near ‘stall speed’.
- Alphabet stock rallies after Berkshire reveals $4.9B stake.
- ‘Hold your ground’: Wall Street sees tech sell-off as a blip.
- MS’s Wilson is among top stock bulls with call for 16% S&P rally.
Stocks waver with Nvidia and jobs data in the wings. All indexes on global markets are negative.
Global Indexes
S&P 500
The S&P 500 made an indecision high wave candle as it moves into oversold territory.
DAX
The DAX is still selling off with a bearish candle. It is nearing its 200 DMA support (Orange line below).
HANG SENG
The HANG SENG is still above its 50 DMA support also with an indecision candle.
NYSE & NASDAQ Stocks
Alphabet Inc
GOOG was one of the few shares that moved positively but also stalled against top resistance.
Berkshire Hataway B Inc
BRK.B ended its rally in overbought territory with Frontrunner breaking down and a MACD that changed colour.
JSE Stocks
JSE All Shares
The JSE All Shares made a small body indecision candle similar to global markets.
Sasol Ltd
SOL was still moving towards top resistance with a J-formation now complete in overbought territory.
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.
