US Earnings Season .... Mondi showing positive signs

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Derek  16 Oct 2019

Good Morning,

International:
After a positive start to US earnings season, all markets gained.
Investors weigh trade deal against earnings season and a possible Brexit deal?

The S&P 500 shrugged off the uncertain doji and continued its positive move.
The MACD is only now doing a cross over.



The Nikkei is outdoing itself. I cannot recall that I ever saw 3 gaps in succession for an index?



Because it is a banking earnings season, I must show my favourite, Bank Of America. We only had the one hesitation day after the turn that I marked on the chart.



Although it is a banking earning season, the biggest gain came from UnitedHealth Group. Notice the breakaway gap. You might recall that all the health stocks were sold off because of the free for all health scheme.



JSE Technical:
Hopefully the JSE will follow world markets higher today after again hesitating with a doji as seen on the graph of the SATRIX40. Notice that FrontRunner is not hesitating.



After its strong move, Mondi has finally a positive trend factor again. Better days ahead for Mondi? Notice the divergence at the turn.



While the herd is heading north, Warren Buffet is heading south. He sold 60% of his holdings! Is that a warning to be careful?

Enjoy your day.
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