Apple forecast sours on outlook .... Trade-War far from over

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Derek  5 Nov 2018

Good Morning,

International:
Although Apple’s results were better than expected, they disappointed on outlook. One of Trump’s economic advisors (never thought he had any?) said that the US and China were a long way from reaching a trade deal. These two factors poured cold water over the latest rally of the markets.
The East is also following the negative moves this morning.

The NASDAQ corrected the most because of Apple, but still closed above the EMA8 line.



Markets do not like poor forecasts and Apple gave up -6.6% to drop below support.



Although ANSYS closed positively, look how it made an intraday swing because of all the uncertainty to close with a big red candle.




JSE Technical:
With the latest positive moves, Exxaro Resources finally broke top resistance.



The finacial sector did the best with the strengthening of the Rand and helped Sanlam to get a positive trend factor again.



Who knows what scare will come next? If uncertain, just stay with the technical signals.

You must enjoy your day.
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