Late US Sell off .... Banks finally turned

    All Channels      Market Reviews  

Derek  17 Jan 2018

Morning,

International:
There was a late US selloff in the US. Asia is following this negative trend this morning.
The FTSE100 also broke its positive trend line.

I show the S&P500 and do take notice of what FrontRunner is doing!



You can also see the selloff at Apple. Notice how it closed on the break line. So was this a false breakout? If it dips below this afternoon, the answers is yes.



JSE Technical:
The Rand strengthened and send Resources into a correction phase. You will recall that I showed Billiton was overbought. The Banks on the other end finally made their long awaited break.

I show Firstrand.



Dis-Chem Pharmacies bounced on support.



Fears on regulatory noose tighening are letting Cryptocurrenciies tumble.

Enjoy your day
Download TradeFX™
 

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