The value of diversifying .... Shaven Heads

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Derek  7 Jun 2018


All markets moving strong positively.

The S&P500 closed with a shaven head candle. This is when it closed at the high of the day .... very positive.

All the shares that made flags will easily reach their predicted prices. It was the banks that were lagging and my old favourite, Bank of America, broke its EMA8 line yesterday. It is catching up fast now with a +3.16% gain.

Boeing broke top resistance also with a shaven head candle.

JSE Technical:
When you see how strong markets abroad are moving, it shows the value of having a diversified portfolio. The JSE is really struggling compared to markets abroad. With the Rand weakening you actually get a double return on investments abroad.

One of the few highlights is Naspers that is following Tencent. Notice the shaven head for this share too!

Rand Hedges are doing well and Exxaro has even started a stronger trend line as shown.

Enjoy your day and remember to move investments abroad.
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