Trade-War fears reignited .... "Fear Factor" highest in 7 years

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Derek  8 Feb 2019

Good Morning,

Trade-War fears are reignited together with global-growth fears. All this made world markets correct fiercely. Wall Street's "fear factor" is the highest in 7 years!

Bank of America has been correcting for quite a while now since it was in the overbought territory.

BerkShire Hathaway broke my trend line and closed below the 200 day moving average again. Notice where FrontRunner broke down and the MACD made a red bar!

JSE Technical:
The JSE did not escape this world correction and followed world markets lower.

Truworths International was the biggest loser of the day, but it had a red trend factor for quite a while.

The Rand started weakening and broke my trend line.

International DATA
International data is currently not updating due to supplier problems. We are trying to resolve it, but it might mean discontinue of the current shares in this index. US and JSE data update as usual.

You must have a great weekend.
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