Markets cautious ahead of conference .... No growth for JSE

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Derek  23 Aug 2019

Good Morning,

The U.S. indices were cautious ahead of the FED's Jackson Hole conference.
Similarly for markets in the East this morning.

The S&P500 was very volatile during the day. It even came to touch the EMA8 line before bouncing again. In the end it closed about unchanged.

The no.5 trend share, Keysight Technologies, in the S&P500, according to the analyst expert, broke out with a massive +12.58% gain. I marked the divergence at the turn on the chart.

The DOW was driven by the results of Boeing to gain 4.24%. The crashes now forgotten? I also marked the divergence at the turn on the chart.

JSE Technical:
The good dividend declared by Exxaro Resources did not help the share to break the EMA8 line?

It was mentioned at a presentation yesterday that the JSE had no growth for the past 5 years. When I look at the mothly chart of the SATRIX40, it is actually 7 years as shown on the chart. Not very inspiring for JSE investors?

You must have a great weekend.
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