Weekly game plan 1 November 2020

Thinking about the week ahead and the craziness that is about to unfold with the US elections, my initial thought was that there would not be too much to do. In fact, I’d been planning to basically just put out a warning about this week and recommending that we just keep it small and keep it tight. To a large extent that is still what I am doing, because it’s going to be wild out there. That said, there are some charts and ideas floating around inside the HCA trading community that are worth sharing. Just keep those stops tight and the trades small. The money is made by being around long enough to capitalise when it’s easy, and allowing the market trends to do the work.

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Weekly game plan 16 August 2020

We’re not going to get into too much detail here today. The world is looking forward to a COVID-19 vaccine and we think that markets will likely continue to respond positively. On the home front, it seems that most of the lockdown restrictions are being lifted as well, which will likely positively boost selected sectors and stocks in the week ahead.

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Weekly game plan 26 July 2020

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.

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Weekly game plan 19 July 2020

One of the things that we’ve been thinking about over the last few weeks is; the past. We find ourselves wondering how similar this current situation is to the one back in 2009/10. Could the monetary stimulus just refuel the rally and keep the market (first) and the world economy (second) pushing higher and harder? Possibly, yes.

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Weekly game plan 12 July 2020

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.

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Weekly game plan 5 July 2020

This week we are looking at a few local charts from a technical perspective only. Sometimes we get a little caught up in the noise that comes with consuming news around the market. Thus, sometimes it is helpful to just block out all the noise and just look at the charts. The mantra we often have to repeat to ourselves as traders is ‘allow the market to lead’.

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Weekly game plan 26 April 2020

We are choosing to ignore the noise and focus on the charts so that we don’t get too swept up in the confusion and irrationality of the market. We do realise though that the economic fallout caused by the COVID-19 pandemic will very likely linger for some time, especially in South Africa. Exactly how this all turns out though, we have no idea. For now, we remain focused on short-term opportunities.

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