TAGS: How to analyze shares and stocks.
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News in Brief
Bloomberg:
- India stocks value tops $4 trillion, Narrowing gap with Hong Kong.
- Stocks slip as doubt swirls over soft-landing bets.
- London stock exchange owner suffers third outage in months.
MarketWatch:
- Dow Jones posts back-to-back losses after US job openings fall to 28-month low.
- Elon Musk’s X.Ai plans to raise up to $1 billion in equity.
- Inflation is falling but interest rates will be higher for longer. Way longer.
- Wall Street ‘dash for trash’ is heating up as small caps, unprofitable tech and other speculative beta rally.
- Nvidia and Microsoft CEO’s say industrial companies will benefit most from AI.
yahoo! finance:
- Stocks close mixed as labor market shows more cooling.
- Market bets on Fed rate cuts ‘overdone’: Blackrock strategist.
- US futures dip ahead of fresh jobs data.
- AutoZone profit rises 10% amid strong parts demand.
Markets are all over the show with some still going up and others correcting strongly. This is the time of year where some fund managers cleanup to be ready for the new year or others still need to show more profit for the year.
Global Indexes
S&P 500
The S&P 500 is forming a flag on its EMA8 line with the 4600 resistance just above.
DAX
The DAX made a late attempt to break its 16500 top resistance.
HANG SENG
The HANG SENG is showing first signs of stalling its down trend with a tweezer candle formation and a P1 Power signal.
NYSE & NASDAQ Stocks
NVIDIA Corp
NVIDIA bounced on its 50 DMA with an engulfing bull candle in oversold territory. Frontrunner has not given a P1 signal yet. We are showing the previous P1 signals on the chart with yellow arrows.
Halliburton Co
HAL continued its correction and closed just above its 200 DMA, its last support.
JSE Stocks
JSE All Shares
The JSE All Shares broke its positive trend line and its 200 DMA. Currently it is still inside a flag it is forming, but if it drops below 750 the flag will also be broken.
Quilter Plc
The strong trend of Quilter is stalled with an uncertain high wave candle. We need to watch its next move for new direction.
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.
