TAGS: Technical Analysis Software
Free Subscription: Subscription is necessary to receive an email when market reviews are posted.
News in Brief
Bloomberg:
- Payrolls at US companies fall by most since 2023. ADP says.
- Fed sees Fed chair pick ‘Early next year,’ praises Hassett.
MarketWatch:
- Stock market closes on doorstep of record territory, as investors focus on bright side of weak hiring data.
- An AI air pocket and a struggling consumer could become a double whammy for stocks in 2026, Bank of America predicts.
- Numbers show just how rough the EV comedown has been.
yahoo! finance:
- Wall Street shifts AI narrative from ‘bubble’ to ‘air pocket’.
- Private employers unexpectedly shed jobs in November.
- Stocks under pressure as ADP shows surprise jobs decline.
Microsoft slides as report says company lowers AI sales targets. Two of Wall Streets’s biggest firms argue that real spending and earnings support AI’s stock market rally.
Global Indexes
S&P 500
The S&P 500 made an engulfing bull with Frontrunner still moving positively.
DAX
Its 50 DMA resistance is still keeping the DAX at bay.
HANG SENG
Similar for the HANG SENG.
NYSE & NASDAQ Stocks
Microsoft Corporation
MSFT is doing a fifth leg correction after downgrading AI sales. Notice that the average analyst price target is only $400 giving it more downward potential.
Exxon Mobil Corporation
XOM is using its 50 DMA support for another bounce.
JSE Stocks
JSE All Shares
The JSE All Shares has formed a nice triangle on its 50 DMA. A breakout out of the triangle will indicate new direction.
Kumba Iron Ore Ltd
KIO is making an attempt to break resistance. Notice all the high wave and hammer candles the past 3 weeks.
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.
