Lingering Trade Woes ..... Disappointment of the day

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Derek  23 May 2019

Good Morning,

International:
Lingering trade woes overshadowed Fed minutes. Asian markets pull back on fears of prolonged trade standoff.

3 Doji's in 4 days confirms the uncertainty caused by Trade-War on the S&P500.



The Hang Seng broke the 200 day moving average downwards this morning.



The chart of Apple looks like the Hang Seng and broke the 200 day moving average a few days ago. Trend remains negative.



Look at all the small body candles and doji's of Berkshire Hathaway. It does not know whether it is coming or going?



JSE Technical:
The disappointment of the day was Sasol. After reporting nothing February on escalated costs at their plant in Louisiana, it is expected that the costs will escalate $12.9 Billion (+50%). Was management trying to hide this in the February report? .... I think so .... And the market slashed Sasol's price with this news.



Although FrontRunner is moving positively, Kumba Iron Ore could not close above the negative trend line yet.



A prolonged Trade-War can do lots of damage to world markets!

Enjoy your day.
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