TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- US retail sales are proving resilient while risks mount.
- UK Budget leaves Rachel Reeves facing £30 billion reckoning.
- Germany keeps doors open in China but has nothing to show for it.
MarketWatch:
- US stock futures gain ahead of Thanksgiving week – and a crucial holiday shopping season.
- The first-ever 3x levered bitcoin funds launch in Europe next week. The timing couldn’t be worse.
- October CPI canceled, November’s report delayed until after Fed’s next interest-rate vote.
- The US stock market has peaked and a 3-year downturn is starting, says strategist.
yahoo! finance:
- US stock futures rebound on Fed’s positivity toward December rate-cut.
- Stocks bounce to end turbulent week on Wall Street.
- US considering letting Nvidia sell H200 chips to China, sources say.
- Bitcoin’s crash could be feeding into stock-market selling pressure.
Trump tariffs to bring in $1 trillion less than expected.
Global Indexes
S&P 500
The S&P 500 made another indecision high wave candle after the sell off.
DAX
The DAX moved into oversold territory, below all support.
HANG SENG
The HANG SENG gapped past support into oversold territory.
NYSE & NASDAQ Stocks
NVIDIA Corporation
NVDA also made an indecision high wave candle. The key for Nvidia is whether the US will allow them to sell H200 chips to China.
Home Depot Inc
HD found support in extreme oversold territory with a P1 Power Signal.
JSE Stocks
JSE All Shares
The JSE All Shares followed global markets lower but still managed to close above its 50 DMA.
Bitcoin
We want to show the Bitcoin sell off. If you do venture into these currencies, one should only buy it when Frontrunner breaks its own negative trend line.
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.
