Trump's State of the Unions adress offered ....

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Derek  7 Feb 2019

Good Morning,

International:
Stocks closed lower as Trumps's State of the Unions adress offered few details on economic agenda.

The ASX is now also touching its 200 day moving average.



After Amgen bounced on support, it broke its negative trend line. It has now broken the EMA8 line and touching the 200 day moving average.



In the case of Kohls Corporation, the 200 day average did act as resistance.



JSE Technical:
EXXARO gave the warning that a new high was coming. Currently it made the new high, but is showing signs of exhaustion with divergence in place.



I do not like Gold Mines, but I wanted to show how the overbought territory and the FrontRunner break together acted together to show the top of Goldfields.



Enjoy your day.
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