TAGS: Technical analysis
News in Brief
Bloomberg:
- US Stocks climb, Dollar falls on slower Fed rate
- US stocks rise as Fed minutes boost sentiment
MarketWatch:
- Fed eyes slower interest rate hikes as the threat of recession grows
- Employees at COVID-stricken iPhone factory in China beaten, detained after protests
The trend remains positive after Fed minutes. The US markets are closed for the rest of the week for Thanksgiving.
Global Indexes
S&P 500
The S&P 500climbed further towards its next hurdle, its 200-day moving average. We will only know next week if it has enough steam to break it?
DAX
The DAX is still moving sideways and forming a 9-day flag.
HANG SENG
The HANG SENG is also moving sideways, hanging around its EMA8 line.
NYSE & NASDAQ Stocks
Tesla Inc
After a very long correction, Tesla made a breakaway gap with divergence in place. We only believe in divergence with Frontrunner as a true turn.
Deere Company
Deere Company made another gap to close just below top resistance. Frontrunner is predicting that this resistance will be broken (Lesson 8). Do you notice where the first breakaway gap was? ($350)
JSE Stocks
JSE All Shares
The JSE All Shares broke the flag it was forming to the positive side.
Anglo American Platinum Ltd
Anglo American Platinum corrected from its overbought situation until it reached its 200-day moving average in oversold territory. The 200-day moving average acted as support for the bounce.
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.
