3 Shares power DOW

    All Channels      Market Reviews  

Derek  1 Nov 2017

Morning,

International:
All markets are positive and tne Nikkei is leading the bunch. I show the Nikkei and notice the strong trend. Do you see the double bottom on support before it took off?



The DOW gained 4.2% in October and was mainly powered by Intel, Microsoft and Wal-Mart. I show Intel and notice the change directions in trend.



JSE Technical:
Since the budget speech, banks have corrected significantly. It looks as if they are finding support. I show Standard Bank, but the trend line is not broken yet.



Trend Lines can take quite a while before broken. I illustrate this on the chart of Super Group.



Enjoy your day.
Download TradeFX™
 

Copyright © 2017 {Zoclee}™. All rights reserved.