TAGS: Software for stock market analysis
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News in Brief
Bloomberg:
- Yen advances ahead of BOJ, Asian Stocks decline.
- Fed’s pivot is forcing stock-market skeptics to become believers.
- Stocks ratchet higher as rates optimism prevails.
MarketWatch:
- One of Wall Street’s biggest bears says the Fed is giving investors a good reason to be bullish in 2024.
- There are rarely this many stocks ‘overbought’ – but usually it’s a good sign.
- Dow ekes out 4th straight record close to kick off final full week of trading in 2023.
- Opinion: Apple watch interruption could fuel a revenue decline in the important December quarter.
yahoo! finance:
- Stocks rise as year-end rally continues.
- Goldman boosts 2024 S&P 500 target.
- Apple stock slips as company halts watch sales.
- 3 points Salesforce can hit to outperform in 2024: Analyst.
If all the news is confusing, the only reliable item remaining is a trend line to keep you invested in the right direction.
Global Indexes
S&P 500
The trend for the S&P 500 remains positive.
DAX
Although the DAX broke our tight trend line, it is still on its EMA8 line.
HANG SENG
The HANG SENG is also hanging on for dear life on its EMA8 line trying not to fall back in all negative territory again.
NYSE & NASDAQ Stocks
Apple Inc
Apple made two doji’s against top resistance and the watch halt sales caused it to gap down with a hammer candle. It will need a lot of steam to test top resistance again.
Costco Wholesale Corporation
COST remains in rocket mode to be the best gainer of the day again with no resistance above. Its last resistance was at $610!
JSE Stocks
JSE All Shares
Its 200 DMA acted as strong resistance for the JSE All Shares. We will have to see if the breather gives it enough steam to attack this resistance again.
Impala Platinum Holdings Ltd
Platinum shares are breaking important negative trend lines. Implats was the winner with a 11.1% gain. It is busy breaking its long-term negative trend and 50 DMA lines.
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.
