Report Season Ongoing .... Tip on Analyst Expert Table

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Derek  22 Jul 2019

Good Morning,

International:
U.S. stocks gave up earlier gains following a report that said Federal Reserve officials would cut interest rates only by a quarter percent and after Iran seized a British-flagged oil tanker in the Strait of Hormuz. The East is also correcting lower this morning.

The S&P500 closed below the EMA8 line and notice that FrontRunner has now dipped below the horisontal moves of the recent past.



Boeing is expected to report earnings on Wednesday. Investors saw it as good news that Boeing was putting a paltry price tag on the 737 Max issues and the price rallied.



Amazon will report earnings after the closing bell on Thursday. Currently it is in a negative trend. Notice where FrontRunner broke down!



JSE Technical:
With the uncertain world markets, the JSE is also very hesitantly.
Anglo American did manage to break up after bouncing on the 50 day moving average (dark blue line).



After making a J-Curve, Quilter is continuing its positive trend.




TIP

To get the overall feel of the market, you only need to look at the Analys Expert table. I show it for the top S&P500 shares and notice all the red arrows.



This is going to be the busiest week of earnings reporting and with lots of uncertainty around again! .... Be cautious, there will be lots of volatility.

Enjoy your day
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