Late US Sell off .... Banks finally turned

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Derek  17 Jan 2018


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
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