Asian stocks drop as rally eases .... Doji's everywhere

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Derek  13 Mar 2019

Good Morning,

The US indices were still positive, except for the DOW that is influenced by the drop of Boeing. More and more countries are grounding 737. Asian stocks drop as rally eases.

The S&P500 ended with a small body candle above the 200 day moving average, but still below the strong resistance line. It will need a lot of steam to break this resistance line!

See how Berkshire Hathaway stopped with a doji below the 200 day moving average.

Uncertainty is confirmed with lots of doji's at current levels. Jacobs Engineering Group also made a doji after starting a J-Curve.

JSE Technical:
I cannot believe the amount of doji's I see in the JSE too!

The Financial Sector made a long leg doji just below the 200 day moving average.

The Satrix 40 made 4 doji's the past 7 days.

Bidvest made a doji on the 200 day moving average.

With so many doji's in the US and JSE markets to show uncertainty, one must wait for the direction confirmation of all the doji's.

Enjoy your day.
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