East is steaming ahead .... Week's performance of DOW

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Derek  19 Feb 2019

Good Morning,

The US markets were closed yesterday, but the East is still steaming ahead this morning.

It is difficult to draw a trend line for the HangSeng, but I always try and get it as close as possible to the EMA8 line.

While the US was closed, I want to show the week's performance of the shares in the DOW. Caterpillar was the best performer of the week and Coca-Cola was the only negative performer because of its results.

The US is a difficult market, but if you just follow the 30 shares in the DOW, it becomes much easier.
Johnson Johnson made two J-curves recently. Some J-curves are not so easy to see as the first one on this graph. The second one is about perfect.

JSE Technical:
The JSE ignored the upcoming budget speech and financials made a turn. FirstRand made a morning star candle formation on support.

Even some shops started ticking up. See Pick n Pay.

Enjoy your day
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