Comparison of SA Top 40 (using the Satrix 40) vs the SWIX Index ETF's clearly shows that over a 5yr period an investor would have better off sticking with the Top40.
Satrix Top 40
1. Price Formation: The price has broken out from an inverted Cup and Handle price formation on a daily chart.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA, which is a sign indicating short-term bearish momentum.
3. 200-day Moving Average is above the Price.
4. Thus, Mas 7<21 < 200
5. Relative Strength Index (RSI): The...
Satrix Top 40 Aims for R80 Price Mark
1. Price Formation: The price has broken out from a symmetrical triangle price formation on a daily chart.
2. Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a positive sign indicating short-term bullish momentum.
3. 200-day Moving Average < Price.
4. Relative Strength Index (RSI): The RSI is...
South Africa Top 40
USD/ZAR = 18.88
Is there rain or sunshine up ahead?
Either way,
I'm slowly accumulating and adding the STX40 ETF to my Tax Free Savings Account (TFSA).
I have remained liquid and have finally started to buy on larger pullback days. I have started building my position with an average price of R69.63.
It has just touched the 200 day moving...
Our market is off to the races. The top 40 had a beautiful breakout on Friday with a follow through today. Nice Ascending triangle breakout. with a target at 7650. I dont think the market will end there. I think the market will run even further
Better late than never. Santa came in a late with the rally this year. Top40 looking well poised to take out the head on H&S completely invalidating the pattern. Putting risk fully on
Looking at my chart the jse looks to be heading for a slight dip. The satrix chart shows that satrix has been in a channel going up forming a bearish flag. Currently the support was broken and satrix is in a downtrend, if this is not a fake out I think Satrix could find new support @R50/R47.
The Satrix 40 is currently in a short term downtrend on the weekly
We in oversold territory on the oscillators but i will only get excited if we print a close above 6250 .
Below 5500 remains the next big level of support.
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
On the 20 Dec i posted this chart showing and important trendline and area of interest for the top 40
We have since rallied almost 10% to the recent high. I will be watching to see if we form a consolidation here or pullback to the up sloping trendline.
Previous post in link below ...
- Global markets have been selling off today with a global risk off vibe
- It will be important for the TOP 40 to hold this trendline and pivot so as to prevent further selling pressure
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
After what looked like a bull flag breakout, the momentum faded and we're now back into that flag pattern. 5800 Level looks likely to be tested sometime soon before support is expected.
We have a buy trigger on STX40 as the ETF closes above the 15d EMA
We now waiting for the confirmation.
A close above
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We have a buy trigger on STX40 as the ETF closes above the 15d EMA
We now waiting for the confirmation.
A close above 6227c
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Village Trader Lazy System alert -
The buy trigger confirms
As the index closes above 6190c.
Going long market open.
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We've added S&P500 and Russel2000 ETFs to the alerts
Village Trader Lazy System alert -
We have a buy trigger on STX40. Now we wait for the close above today's close 6190c
For Lazy System email alert simply sign up to the Village Trader mailing list
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We've added S&P500 and Russel2000 ETFs to the alerts
