Not in synchronisation

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Derek  27 Oct 2017

Morning,

International:
Markets are not in synchronisation in the US. Similar in the East. I show the Nasdaq that is still in a correction phase, but notice that some indicators have reached the bottom.



I must also show the S&P500 as comparison. It closed on the EMA8 line and the trend line has never been broken yet in this correction!



JSE Technical:
The JSE is still driven by the weakening Rand. Richemont is one of the Rand Hedge shares that benefit from the weakening Rand.



Retail and Bank shares did not benefit from the budget speech. I show Shoprite and notice that some indicators have reached the bottom. I also show the Frontrunner and MACD breaks.



You must have a great weekend and stay with the signals!
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