During the last week we started seeing some signs of distress in the Nasdaq, with some heavyweights beginning to show a little bit of weakness. Our strategists put up two posts on the current outlook on the Nasdaq on the International Outlook blog, which showed some key support levels being tested and broken. With those in mind we are slightly more cautious this week.
Weekly game plan 26 July 2020 Read More
The world is mostly mad, but luckily our views and beliefs about the world around us has little to do with what is actually happening, and the key to moving forward is to respond appropriately to the external environment, regardless of whatever it is that we might believe. Our job as traders is now and has always been to simply follow the market. Therefore we look mostly at technical analysis again this week so that we stay unbiased.
Weekly game plan 12 July 2020 Read More
It’s no secret that this is probably one the most hated stock market rallies of all time. In fact, that is probably pretty accurate for the entire bull market since 2009, really. The question is when? Another good question is, is our idea of what fair value is anywhere near what it really is? In truth, we don’t really know how things will turn out. All we can do is trade the setups that we see and make sure that we manage risk accordingly.
Weekly game plan 28 June 2020 Read More
We’re not going to spend too much time this week getting into views and opinions, but rather just focus on the signals that a few of the charts we are looking at giving us. So let’s get straight into it.
Weekly game plan 21 June 2020 Read More
It is amazing how having a bias in the market can work against you as a trader and investor. As anyone who has been in markets for long enough knows, being early is the same as being wrong. We reflect on this lesson and have a look at some charts.
Weekly game plan 7 June 2020 Read More
Perhaps that market is trading higher on Robinhood accounts fueled by free money from the U.S. government, or short covering leading to massive buying volume as bearish traders get caught with their hands in the cookie jar? From a fundamental perspective, it does not make sense to us how world markets can be trading towards the highs while the world is still in the process of collapsing.
Weekly game plan 31 May 2020 Read More
It is sometimes difficult to remain objective when it comes to market analysis. The more we look at charts, the more bearish we become. This might not be the right outlook as it could just be various forms of biases that we are unable to overcome. The primary objective of any investor or trader is to remain objective and see things for what they are, not as what we would like for them to be.
Weekly game plan 17 May 2020 Read More
To be rather honest, our outlook has not really changed all that much from last week until now. We still largely expect the local market to trade a little stronger, the Rand to firm up and U.S. markets to trade up to resistance.
Weekly game plan 19 April 2020 Read More
The last few weeks have been some of the most extreme times in recent market history, at least from our perspective. We’ve seen a pretty extreme sell off, largely driven by fears around the coronavirus. What is of even more concern to us is that the U.S. Federal Reserve Bank cut interest rates by 50 bps in an emergency rate cut. Historically, when the FED responds this drastically it is usually a sure sign that something big is happening.
Weekly game plan 8 March 2020 Read More
It is starting to feel a little like the roll-over we were on the lookout for in U.S. markets last week is beginning to happen. Gold is pushing a lot higher on the back of growing coronavirus concerns as Italy enters the early stages of lock-down due to the virus spreading within its borders rapidly. We’ve seen videos of scores of people queuing outside banks in China and rumours of Chinese banks not having liquidity for withdrawals. The situation is getting worse.
Weekly game plan 23 February 2020 Read More
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