Optimism on a trade-war deal? .... Financials turning positively

    All Channels      Market Reviews  

Derek  18 Mar 2019

Good Morning,

Optimism on a trade-war deal and an extended Brexit pushed the S&P500 through resistance. I am not sure why everyone is glad about an extended Brexit, as the same end result is just postponed again?

The break of the S&P500 is not very convincing yet, but a break is a break.

Abbott Laboratories broke its resistance more convincingly.

Yum! Brands is not bothered about any resistance and is currently making a new high every day. Notice the green trend factor starting to appear.

JSE Technical:
The Financial Sector broke its negative trend and Standard Bank, after announcing closure of some branches, gained the most.

Bidvest is also bouncing on its 200 day moving average.

You must enjoy your day.
Download TradeFX™

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