Strong economic data in US .... Weak China industrial data

    All Channels      Market Reviews  

Derek  14 Mar 2019

Good Morning,

International:
S&P500 ended at 4 month high after strong economic data. Asian markets give up early gains on weak China Industrial data.

Boeing 737 Max's world gets awfully small as Trump also grounds jets. He also mentioned that planes are made too complicated to fly?

We will stay with the S&P500 as it touched our strong resistance, but could not break it yet?



After the indicators fell into place and Humana broke its negative trend line, it is moving positively.



Zacks, a US analytic company, upgraded my old favourite, Bank of America, from neutral to a buy. It is now also touching its resistance like the S&P500. We will have to wait and see if there is enough steam to break these resistance lines.



JSE Technical:
Brexit is also having its uncertain affect on the JSE. The long leg doji of the Financial Sector was not confirmed and it weakened further. We remain in oversold territory.



Implats gained +3.25% to close against resistance. See the strong trend of this share as it has not closed below the EMA8 line for 5 weeks.



Enjoy your day.
Download TradeFX™
 

Copyright © 2017 {Zoclee}™. All rights reserved.