Widespread declines worldwide .... doji

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Derek  5 Sep 2018

Good Morning,

Asian stocks are in a bit of a mess with widespread declines. All indices in the US also closed lower.

The ASX broke my tight band and the 50 day moving average this morning downwards!

lets show the S&P500 too that closed with a doji just above the EMA8 line.

Apple had a strong run and also closed with a doji in overbought territiory. Notice the divergence that is in place. The doji shows indicision about way forward.

JSE Technical:
We are officially in a recession with serious economic problems, and the Rand is taking a beating.

While most stocks took a beating, Kumba Iron Ore is one share that took advantage of the weaker rand. Notice the bounce from support with divergence.

You must have a great day.
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