Partial Trade Deal? ..... Trump's Promise

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Derek  10 Oct 2019

Good Morning,

International:
Volatility remains after conflicting reports on state of trade talks.
Asian markets erase early losses on reports of partial trade deal.

Although the S&P500 had a positive day, the EMA8 line was only touched and then the index closed lower.



Bank of America is also hesitating in oversold territory.



After turning in oversold territory, Hess Corp is ignoring all the volatility and was the strongest gainer in the S&P500.




JSE Technical:
The uncertainty also remains on the JSE as the Satrix40 made another similar uncertain bar as the previous day.



Gold shares still benefit from the uncertainties and AngloGold Ashanti gained +2.83%. All this could change very quickly, depending what happens at the trade negotiations?



Talking of uncertainties:
DONALD TRUMP promised to eliminate the US Deficit in 8 years. SO FAR, he has INCREASED it by 68%.

Enjoy your day.
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