Signs of progress with Trade-War deal .... All signals working together

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Derek  29 Mar 2019

Good Morning,

International:
Signs of progress with the Trade-War deal made shares close higher. The bulls are slowly taking control again. All the main indices gained +.34% in the U.S.

The S&P closed on my strong resistance. Frontrunner broke up and we have a green MACD bar. Notice that we are not in overbought territory anymore!



The Hang Seng closed its open window (gap) this morning that was created by negative news 5 days ago.



I prefer it when all signals work together. Berkshire Hathaway bounced on strong support, FrontRunner broke up, MACD made a green bar and we were in oversold territory!



After touching the break line, Estee Lauder took off and is busy making new highs. Notice that the trend factor turned dark green to place this share amongst the strong trend shares.



JSE Technical:
Steinhoff sold its last holdings in KAP to generate cash. Notice how the market anticipated this move weeks before the final sell! (Insider trading alive and well?) The final sell created a gap (open window).



Sasol has touched resistance 4 times the past 7 days. The resistance was created by an open window 13 weeks ago. It is a small gap, but still strong enough to create resistance. Notice that Sasol moved into a positive trend again.



You must have agreat weekend.
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