Disappointing Jobs Report fuels Markets .... More good news

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Derek  10 Jun 2019

Good Morning,

International:
Stocks rise as disappointing jobs report fuels hopes of a FED rate cut. A further boost for stocks is that Trump reached an agreement with Mexico, and he confirmed it with a tweet!

Asian markets rally this morning on futher encouraging trade developments.
I must show the Hang Seng that broke the long negative trend line, EMA8 line and the 200 day moving average this morning. Tencent is also +2.88%. Notice the divergence on the chart.



The S&P500 managed to close above the 50 day moving average (dark blue).



Mastercard broke top resistance with a +3.09% gain. I also posted on the chart the table of the top trend shares in the S&P. Notice how many of them are making new highs. Stay with the strong trend shares!



Keysight Technologies broke resistance. Notice how the 200 day moving average acted as support.




JSE Technical:
The Platinum Sector is still busy with its strong moves, but slowly moving into overbought territory. Anglo America Platinum had another +3.08% gain.



I must show the divergence for the Satrix40 again at the turns as it is the most important indicator to show turns. I marked the divergence for the previous bottom and top. If you want to see a short YouTube video on divergence, just click on the word. You can click on any blue technical word to watch a video for explanation.



Enjoy your day
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