JSE:NED - key ST levels for the share: Also note, the share is below the 200-day which is starting to act as a resistance zone . Levels derived from my 'Price Action Guide'.
Currently at the top of the short term range. Components as follows: - Copper - High Beta vs Low Beta - Growth vs Value - EM Currencies - AUD/USD - Consumer Staples vs Consumer Discretionary - Semiconductors vs S&P 500 - Russell 2000 ETF - U.S. Dollar Index (Inverse)
JSE Top 40 Index - Approaching Overbought/Extended To The Upside AROUND These Levels? Ultra short term - trading 2x std deviation over 20 days (see smaller internal channel) Also, trading 2x std deviation over 200 days (see larger expanded channel) Also note the price extension vs the 200-day simple moving average. It cannot get too far without 'snapping...
Key Markets The attached screen is a snapshot of the major instruments I look at to start my day. Accompanied are the momentum readings for multiple time frames starting at 15, 30, 60 and 120-min.
Diversified Miners Relative To JSE Top 40 Index I published this view on 22 November 2022 where I anticipated a move higher, followed by a 'roll-over' out of the bear flag structure. This setup is currently underway. Original view attached. For more research insights, including trade ideas, get in touch today.
Intraday Sell Idea TRADING LEVELS: Entry: 0.6839 Target: 0.6805 Stop-loss: 0.6868 For more insights, including trade ideas, get in touch today.
FX: Morning Snapshot - A quick look at what the various pairs are suggesting in terms of momentum, OB/OS etc. I am a using this data (among others) to pick up trade ideas in the FX market.
Remains in a downward trend. The components are as follows: - Copper - High Beta vs Low Beta - Growth vs Value - EM Currencies - AUD/USD - Consumer Staples vs Consumer Discretionary - Semiconductors vs S&P 500 - Russell 2000 ETF - U.S. Dollar Index (Inverse)
BREADTH: S&P 500 Stocks Above 200-day MA (%) - 16-Year Trend 47% of S&P 500 shares closed above their 200-day SMA's. The mid-point of the 16-year trend.
The following tables highlight the regime in which the FX pairs were at it's last close. The time frames are as follows: 1D 2D 3D 4D The tables are meant to help the trader understand un which regime the pair is trading and whether a trading opportunity is at hand.
Yesterday was an interesting day. Being that it's a slightly more quieter time of the year, it makes one reflect on various things, including how to improve my research process to become even more efficient. The weather is nice, so we decided to take a drive to the beach. We left at 6am (destination out of Cape Town) and just before that at 5:55am I decided to add...
Trading more than 2x std dev over 200 days + candle structure suggests potential exhaustion at the tail end of an excess phase. Entry: Around 3151c Stop-loss: 3290c Target: 2940c For more research insights, including trade ideas, get in touch today.
My price action guide for Monday showed ~2703 as a key re-accumulation range for intraday/ultra short term traders, with the share trading as high as 2795 on the day. For more research insights, including trade ideas, get in touch today.
A few days ago (see original post attached) I mentioned 12189c as a key (potential) reversal level. This was identified via my Automated Price Action Guide as the bull-bear pivot. On Monday we saw the share trade below this level before quickly reclaiming it to close the session higher by nearly 400c (a great opportunity for intraday or ultra short term traders)....
JSE Top 40 Index | J200 The Friday before last (09-December-2022) I discussed the potential for a false break out of a bull flag technical formation. This (then) potential breakout would be in line with the previous highs seen this year (January, March & April). Tuesday's strong move higher saw the index test the previous highs followed by a sharp reversal and...
Now +30% from original long idea on 01 November (see attached). Update: Approaching overbought & near tail-end of short term 'excess phase' + trading more than 2.5 it's std deviation over 200 days. For more research insights, including trade ideas, get in touch today.
A brief view I published late last week. Brent Crude Oil - Channel & Incline Support - Re-test of prior 8x21-EMA cross - Provisionally $73-$76 is a level of interest to carve out a short term and bullish reversal