Trump at it again .... Cautious Trading

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Derek  28 Nov 2018

Good Morning,

International:
Trump poured cold water over the latest rally by saying he would not hesitate to impose more tariffs on Chinese import goods .... why is he bothering meeting them?
Asian markets rise in catious trading.

The S&P500 has also cautiously broken my trend and EMA8 lines. Charts are never perfect, but notice the double bottom of the S&P500.



The ASX also broke it's EMA8 line.



After Yum! Brands broke its trend line, it has taken the positive path north.



So has Berkshire Hathaway. It is also cautiously braking it's EMA8 line.



JSE Technical:
As usual, the JSE took Trump's comments more seriously and reacted the most compared to the rest of the world.

The Spar Group was not bothered by all of this and is busy doing strong gains after it's flag break. It has also moved back into positve trend factor territory.



Standard Bank has also broken it's flag, but has not managed to move into a positive trend factor yet.



The markets are so oversold, that Trump's barking does not have the same effect as when we were overbought.

Enjoy your day.
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