NASDAQ closest to exiting correction

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Derek  10 Jan 2019

Good Morning,

The NASDAQ is the closest to exiting a stock-market correction. It needs to break the 50 day moving average (dark blue) to do so. This line acted as resistance during November 2018.

After the latest rally, you always get profit taking. Small movements in the East also indicate profit taking. Notice the 2 doji's of American Express also indicating uncertainty.

Similar for Boeing. Boeing did break the 50 day moving average, but is making a doji against the 200 day moving average .... uncertainty about breaking this line.

JSE Technical:
The JSE followed world markets higher. Anglo made a J-Curve and is busy advancing towards a strong resistance.

Banks did well and I show FirstRand.

Enjoy your day.
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