Markets still mixed

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Derek  28 Sep 2017


We still have uncertain mixed markets with the HangSeng negative this morning and other markets positive. Markets in the US were all positive with the Nasdaq the strongest.

I show the S&P500 that is busy forming a J-curve. Notice that FrontRunner broke up.

Wells Fargo is one of the companies that Warren Buffet is the major share holder of. It is struggling against resistance currently. The trend line is not broken yet though.

JSE Technical:
With the Rand falling it is not surprising that the Rand Hedges show signs of turning. I show two Rand Hedge shares from TradeFX shown by Spotlight.

Exxaro Resources is turning on support.

Mondi Plc came back to touch its break line and is busy forming a J-curve.

I will be away the next few days and hopefully back next Wednesday with more market news. You must have a great time in my absence.
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