U.S. paused below resistance .... Something happening at Coronation

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Derek  15 Mar 2019

Good Morning,

U.S. stocks closed mostly lower on jitters over trade-deal delay and weak Chinese data. The East is not bothered with this and moving strong this morning.

The S&P500 touched the strong resistance again with a doji. If this line gets broken, I expect a strong rise.

The Hang Seng is attempting to brake its resistance this morning. After posting the graph, it is already higher.

Keysight Technologies is no 3 in the S&P500 according to its strong trend factor. Notice how it is also poised below resistance.

Similarly for Bank of America! Today we will know if these resistances will get broken? The futures look promising, but it is too early to tell.

JSE Technical:
The weaker Rand boosted resources on the JSE. Exxaro was one of these strong movers with a +4.33% gain.

Something is happening at Coronation. After months of a negative trend, it broke this trend and started a new positive trend. It broke resistance yesterday with a +5.16% gain. Notice how the 50 day moving average is busy turning up. At this rate it will soon start changing the trend factor colour too.

You must have a great weekend.
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