Johann89

Johann89

Last time we had this level of inversion was back in 2006 - 2007. Back then the whole thing eventually came tumbling down. Lets see how this one plays out.

Johann89

This morning MTN went as high as R98.51, hitting a 8.5 month high.

Johann89

Last time we had a golden cross (50 dma moves above the 200 dma) on the JSE the market rallied by 18%.

Johann89

After a decent rally the last 12 months, MCD is looking to further break out heading to new all time highs. Approaching overbought levels.

Johann89 Updated 

Nice jump today in AVI. Looks set to close above the 50 dma for the first time since Jan this year.

Johann89

Liking FB here ... looks good for further upside.

Johann89

Golden cross in play in the S&P 500 ... Lets see if it can close here.

Johann89

Anglo American continued it's strong run to R400 this morning thanks to renewed weakness in the ZAR.

Johann89 Updated 

MTN basically unchanged today after after news from Nigeria that the Nigerian government lawyers said that MTN has evaded taxes. The shake down in Nigeria continues ... It's quite telling that MTN made this recovery after a near 7% drop, clearly investors aren't "buying" this shake down anymore.