Wrestle between gains / losses .... Pepkor Holdings

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Derek  23 Aug 2018

Good morning,

The US closed mixed with only the NASDAQ positive. The markets in the East are also wrestling between gains and losses this morning?

Lets see where we are? The S&P500 made a second doji against resistance.

The HangSeng is making an Engulfing Bear candle against resistance.

We will have to see if these indices are only busy building up steam to break resistance, or a major correction has started? The Trade-War discussions could have a major influence on this and markets are waiting for the outcome .... we are in Trump's hands again?

Lowes Companies broke out with a massive +5.8% gain. Notice the FrontRunner prediction .... much higher highs are coming.

All the positive moves were in the NASDAQ that was lagging. Microsoft made an Engulfing Bull candle after its latest correction.

JSE Technical:
The JSE decided that it had enough of all the negative sentiment and did a bull run for the day.

The best run for the week so far is Exxaro with a +22% gain for the week and +6.21% for the day.

The medical sector had wide range losses with their investments abroad and they all ended up with negative trend factors. Netcare was the first share in this sector to have a positive trend factor again and it also broke my trend line yesterday.

Pepkor Holdings:
Steinhoff Retail (SRR) did not like their name anymore and changed it to Pepkor Holdings Ltd (PPH). The data has been transferred and you can now update your watchlists in TradeFX with the new listing.

Enjoy your day
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