Markets peak on tariff hope .... Strange Trend Lines .... Data Adjustment

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Derek  25 Feb 2019

Good Morning,

All markets worldwide peaked on tariff hope? I did not see anything yet on the outcome of the Trade-War negotiations. Maybe the markets are telling us the insider information?

The NASDAQ was the best performer. Notice how the 50 day moving average (dark blue) is busy turning up.

With so many shares moving simultaneously, it is difficult to select some to show. Xilinx has one of the best charts to show. First the continuation gap together with a FrontRunner warning that a new high was coming. It is busy making the new highs now. Notice my strange trend lines to get it as close as possible to the EMA8 line.

Exactly the same chart for Xerox with gap, strange trend lines and all.

JSE Technical:
The JSE followed world markets in the positive direction.
The Satrix 40 has broken the 200 day moving average and the 50 day moving average is also busy turning up.

Clicks bounced on support and broke all resistance lines.

I was asked about any property share to recommend? The simple answer is NONE! All of them has red trend factors.

DATA Adjustment:
If you want to adjust your historical data for RPL - Redefine International that changed their share holding with 1 share for every 5. Just right click on the share name in the Johannesburg Stock Exchange list and choose the option: Reload Data.

When done, your data should look like the graph below. Notice the dark red trend factor for this property share.

You must enjoy your day.
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