TAGS: Technical analysis
News in Brief
Bloomberg:
- Stocks boosted by rate-hike outlook, Dollar slips
- China investors look for turning point after $370 billion rally
MarketWatch:
- FTX working with former regulators to investigate its collapse
- Fed’s Bullard set to talk inflation, interest rates in MarketWatch Q&A Monday
With the US markets closed, markets in Asia turned negative as profit taking stepped in.
Global Indexes
S&P 500
The S&P 500 was closed for Thanksgiving.
DAX
The DAX responded with a positive move.
HANG SENG
The HANG SENG is still moving sideways with a negative candle today, hanging around its EMA8 line.
NYSE & NASDAQ Stocks
Markets Closed
JSE Stocks
JSE All Shares
The JSE All Shares is forming a new resistance at the 734 level that was touched 4 times. With the US markets closed we do not expect much action on the JSE.
PPC Ltd
PPC broke its 50-day moving average with strong gains. Frontrunner is predicting more new highs.
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.
