Bulls are not done yet! .... Property share lifting Head

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Derek  7 May 2019

Good Morning,

International:
Asian markets are mixed as investors weigh U.S.-China trade dispute.

The fact that the S&P500 and NASDAQ managed to climb back and even touch my resistance line, tells me that the Bulls are not done yet. I cannot help but wonder why Trump bothers to have a negotiation team?



The health sector is still trying to recover from Trump's "Medicare for All". UnitedHealth Group made a strong gain and even broke my first trend line.



Bank of America managed to close above the EMA8 line, but do notice that FrontRunner is heading down.



JSE Technical:
The JSE has the election jitters and Trump to content with.

With all this jitters to content with, the SATRIX40 closed below the EMA8 line.



Growthpoint has other ideas and managed to climb into a positive trend factor. The next hurdle is the strong resistance line.



Next market review will be on Thursday due to the election.
Enjoy your day.
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