Only red everywhere as .... Test TradeFX free

    All Channels      Market Reviews  

Derek  2 Mar 2018

Morning,

Markets are only red everywhere as they follow the US lower. The only good news I have is that markets move so fast these days, that it will not be long before we see a turn again.

Just a reminder again that I will be away next week, so the next market review will be on Monday 12 March.

International:
The Nikkei has fallen the fastest with a gap to be on the 200 day moving average. That acted as support previously.



Even my old favorite, Micron Technology, has a potential of a double top now.



I have shown so many potential double tops this week, that I will show another one. Activision Blizzard is one of the top performers on the US market as you can see with the Trend Factor (dark green), but every share reaches at some stage an overbought situation.



JSE Technical:
Sanlam is one of the few shares that tried to climb back yesterday, but my trend line and FrontRunner is not convinced.



The banking sector is still trying to give respect to our market, but have a look at RMB Holdings. The trend line is broken and FrontRunner is heading down. Notice the HeatMaps as well.



Lets hope that when I get back from leave that I can show better graphs.
Until then, try looking at the graphs yourself in my absence. Download the program below .... it is free for 30 days. I will be testing the Web version the next week.

Download
       TradeFX™       

 

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