Good morning traders, here is our first morning meeting. Let's see what's moving the markets and what we can trade today.
Potential 11% Could be more aggressive on entry by looking at major support levels
MPLX tries to break a monthly Support but soon bounced up and now has a formed a daily breakout.
A clean look at an uptrending market.
We could see a price reversal at the end of this week A Morning Doji Star is currently appearing The previous TDST Support could be a strong resistance. Bearish Sequential Countdown is still in progress (3/13 bars) and we need to close above TDST Support or a TD Sell Setup (9 consecutive price bar closes that are greater than the close 4 price candles earlier) to...
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Calculating the J200 to open in the red this morning -183 points. US markets closed lower on Friday. Asian markets trading lower this morning. Tencent down -0.99% currently. ZAR slightly weaker this morning (more downside to come) S&P futures flat. UK futures pointing lower. Traders should look to profit on arbitrage between the ALSI open and the J200 open call.
Calculating a negative open on the J200 -215 points. ZAR weaker this morning. US markets ended lower yesterday. Asian markets trading lower this morning. FTSE futures lower this morning. Traders should look to profit form arbitrage opportunities between the the ALSI open and the J200.
Calculating the J200 to open down -198 points. Tencent down -1.8% US & FTSE futures pointing lower US markets ended lower yesterday Asian markets trading mostly lower this morning Traders should look to profit arbitrage between the ALSI open and the Unum J200 open call
On Wednesday all eyes were on the US Federal Reserve as market participants awaited the commentary following the near-certain 25 basis point hike which saw the lending rate increase from 2.00% to 2.25%. General commentary from the committee highlighted the most known factors including: (1) the health of the US economy (2) low unemployment (3) rising wages...
Calculating a positive open on the J200 +193 points. Tencent currently +2.03% ZAR slightly stronger. US & FTSE Futures pointing upwards. Traders should look to benefit from arbitrage opportunity between the ALSI open and the Unum Capital J200 open call.
Despite being down on the week, South African equity markets managed to stage a short term recovery to bounce back from it's mid-week week lows as bargain hunters sought the opportunity to accumulate. Another factor that drove the recovery was a rebound in Chinese markets following a prolonged sell-off. For the session, the All-Share Index added 0.74% while the...
South African equity markets continued to trade with a downside bias, this time being held back by financial sector as stocks such as Firstrand, Standard Bank and Absa fell sharply. For the session, the All Share declined by 0.40% while the Top 40 index shed 0.45%. On the upside, winners included British American Tobacco benefited as the US Food and Drug...
On Tuesday, many traders and investors on the JSE most likely knocked off and called it a Tough Tuesday! If one looks at the scoreboard, it certainly appeared to be, with the All Share Index closing lower by 0.95% while the Top 40 Index was 1% in the red however well off the lows of the day. Leading the decline on the downside was Pepkor with a 3.26% decline...
South African equity markets started the week on a softer note as fears around trade between the United States and China continued to weigh on global sentiment. For the session, the All Share Index finished lower by 0.62% while the Top 40 declined by 0.57%, lead lower by Tiger Brands (-2.29%), Shoprite (-2.24%) and Bidvest (2.09%). On the upside, winners...