U.S. Stock Rally Fizzles .... Strong trend share does it again!

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Derek  20 Mar 2019

Good Morning,

The U.S. stock rally fizzles on China Trade concerns. China is pushing back against U.S. demands! Did Trump think it was only a one sided deal?

Although the DOW was slightly down, it still managed to make a Golden Cross (50 day moving average crossing the 200 day average).

I have been trying to show that one must stay with strong trend shares in these reviews. In the expert analysis module you will notice how many of the strong trend shares are making new highs.
Advance Micro Devices is by far our strongest trend share in the S&P500 and gained +11.83% yesterday to smash all resistances.

American Tower Corp is no. 8 on in the list of strong trend shares that is making new highs every day. Notice that it is overbought currently.

JSE Technical:
After Resources broke its flag, it remains the strongest moving sector on the JSE.

Exxaro was the strongest mover of the week so far, but in overbought territory now.

Let's conclude with Sasol that broke top resistance and managed to move back into a positive trend (yellow trend factor on chart).

This power cuts are going to drive me crazy. I had 2 unscheduled cuts while doing this market review, and that after a marathon cut of 26 hours? Tomorrow is a public holiday, so next review will be on Friday .... power permitting?

Enjoy your day.
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