Tentative Deal are driving markets higher

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Derek  13 Feb 2019

Good Morning,

A tentative deal to avert another government shutdown together with optimism on Trade-War negotiations are driving markets higher.

The S&P500 broke the 200 day moving average and closed above it. Notice how I adjusted my trend line.

Xerox Corp, one of our strong trend shares, broke top resistance and moved into a stronger trend. The gap about 11 days ago was a continuation gap.

Similar for Xilinx with gap and all.

JSE Technical:
Financial and Retail shares broke up. Lets show a share from each sector.

Standard Bank bounced on the 200 day moving average.

Pick n Pay Stores bounced on bottom support.

Enjoy your day.
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