Markets do not like uncertainty .... 50 day moving average

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Derek  6 Sep 2017

Morning,

International:
All markets around the world remains negative. The uncertainty of Trump's next moves about the North Korea's missiles are causing world markets to tumble. I show the DOW that touched the 50 day moving average.



JSE Technical:
Kumba is against resistance and notice the divergence.



In this negative market I was trying very hard to show something positive. I found Investec PLC. Notice how it is moving sideways in a narrow band on strong support.



50 day Moving average
The 50 day and 100 day moving averages are moving averages that is widely used by institutions for support or resistance. You can see how it was touched 3 times in a row by the DOW the last 11 days. (dark blue line)

Enjoy your day.

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