Dow is steaming ahead while ....

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Derek  14 Dec 2017

Morning,

International:
The Dow is steaming ahead while the other markets are all mixed. I show the ASX in Australia that is now hesitating against resistance.



Caterpillar is one of the shares driving the DOW. Notice the trend. When a trend is so strong, all cyclic indicators must be ignored.



JSE Technical:
Our market is still influenced by the uncertainty that may come out of the investigations at Steinhoff. I show PSG where Steinhoff has a 25% investment. Notice that it has reached support in an oversold area, but no confirmed turn yet. I am staying away untill uncertainty is out of the way!



Discovery is one of the few highlights on the JSE. It has also corrected to oversold territory.



Just a reminder that tomorrow is the last Market Review for the year. Feel free to download TradeFX to do your own analysis. It is free for a month and we hope to have the cheap internet version available early in 2018.

Enjoy your day.
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