TAGS: Technical analysis software.
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News in Brief
Bloomberg:
- S&P 500 has one of best November gains in century.
MarketWatch:
- Tesla’s Cybertruck is finally here; prices start around $61,000.
- Disney is bringing back its dividend after cutting it at start of the pandemic.
- Opinion: Bulls control the stock market and are targeting the S&P 500’s all-time high.
- Almost $6 trillion cash pile in money markets may need to start being redeployed soon, Janus Henderson says.
- Occidental Petroleum in talks to buy CrownRock for more than $10 billion: report.
yahoo! finance:
- Stocks post their best month since 2022.
- Dow jumps 500 points as market’s roaring November ends.
- Fed officials shift tone but remain wary of markets’ rate cut bets.
The rally on US markets continues while the Hang Seng is building bottom support at current levels.
Lesson 1 under education has been updated to include the divergence Power Signal 2 that is available in the latest release of Algomodel Signals Pro. In the latest release text can be added to graphs for easy future reference.
Global Indexes
S&P 500
The S&P 500 is trending sideways, forming a flag, as it nears the 4600 level.
DAX
The DAX stalled with a doji as it nears its 16500 top resistance.
HANG SENG
The HANG SENG is making 2 hammer candles next to each other on its 19600 critical support. A break below this level will see more downside.
NYSE & NASDAQ Stocks
Boeing Co
Boeing is one of the main drivers on the DOW boosting it to a new high. Notice all the continuation gaps driving it higher.
salesforce.com Inc
CRM made another continuation gap of 9.4% to be the best gainer. While institutions are uncertain of future price targets, Frontrunner is showing us that more highs are to come. Its previous all-time high was $311. Frontrunner is a proprietary technical signal of Algomodel and is only available in Algomodel Signals Pro.
JSE Stocks
JSE All Shares
The JSE All Shares is building a flag against its long-term negative trend line and 200 DMA building up steam for a break?
Quilter Plc
Quilter is in second gear moving towards its all-time high of R35. Notice the accurate P2 divergence signals (Divergence is my personal favorite technical indicator).
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.
