Earning Surprise on the Upside .... Something new .... Oil Rallies

    All Channels      Market Reviews  

Derek  24 Apr 2019

Good Morning,

Asian markets give up wearly gains following Wall Street Gains. The S&P500 and Nasdaq closed on record highs as earnings surprise on the upside.

Morgan Stanley's Wilson says that he did not expect the market to be at an all time high by April. Notice that the NASDAQ closed at the previous all time high, my red resistance line.

So did Walt Disney with a second smaller gap.

I want to show something new this morning. HCA Healthcare was driven down by "Free Medical for All" and not by results. Notice how the volume increased everytime this share was driven down before the turn in oversold territory.

Coca-Cola did not disappoint the market with its results and is continuing its strong positive trend. Notice that FrontRunner is breaking out to the top to say that a new high is still coming.

JSE Technical:
Sasol got a double boost with a oil price that rallies and a much weaker Rand. Its trend factor is getting stronger and it also broke the 200 day moving average (pink line).

Exxaro came back to touch its previous resistance and then bounced with the weaker Rand.

There are so many more to show, but no time to include it all .... sorry.
Enjoy your day.
Download TradeFX™

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