TAGS: Tools to analyse stocks
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News in Brief
Bloomberg:
- Big money managers name top trading ideas for Asia in 2024.
- Asia stocks trade mixed as Fed decision looms.
MarketWatch:
- S&P 500’s year-end rally lifts 51 stocks to a record close.
- Dow Jones records third highest close in history after inflation report, with eyes on Fed decision.
- Inflation is sticky in November, CPI shows, on higher rents and used-car prices.
yahoo! finance:
- Fed meeting: Expect a more hawkish tone, strategist says.
- Google loses epic games case.
News is trying to scare the market, but the positive rally continues on global markets.
Global Indexes
S&P 500
The S&P 500 continues its positive trend with two positive shave head candles next to each other.
DAX
The DAX took a breather in its rally.
HANG SENG
With all the poor data the HANG SENG has not even attempt to break its EMA8 line.
NYSE & NASDAQ Stocks
Broadcom Ltd
AVGO is in rocket mode and is the best performer for the day and week, making new highs.
Advanced Micro Devices
AMD is also in rocket mode as the second-best performer of the week. It is not making new highs yet as its all-time high is at $164.
JSE Stocks
JSE All Shares
With its poor economy data, the JSE All Shares is falling like a stone. Notice the red trend Factor appearing.
Glencore PLC
Glencore and BHP is most probably going to follow Anglo American downwards as their performance obviously cannot be different. It made an engulfing bear candle to signal the drop and also notice the MACD turned red.
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.
