Trade-Fueled rally fizzles out .... J-Curves

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Derek  14 Dec 2018

Good morning,

This will be the last market review for 2018. The next review will be when the markets open in January.
Let me take this opportunity to wish you a blessed festive season and may 2019 bring us excellent opportunities.

US stocks closed mostly lower as trade-fueled rally fizzles out. The East is also negative this morning.

I think 2018 will be remembered by how the Trade-War influenced the markets. Unfortunately it is not over yet. Notice the DOW having an inverted hammer followed by a doji. Uncertainty is still present.

YUM! Brands made a J-curve and broke top resistance to make a new high.

Berkshire Hathaway made a small body candle in oversold territory close to support.

JSE Technical:
The same happened on the JSE. It opened strongly and during the day it eased down, except for Resources.

Anglo is still busy with a strong trend.

The recent moves of Spar has taken it back into a positive trend factor. It is also busy with a J-Curve,

You must have a great holiday.
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