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 would seem that even though the world is feeling a little better about the coronavirus, fears and uncertainties around the trade relations between the U.S. and China are flaring up again. Moreover, it seems that relations between China and Hong Kong could be a negative catalyst that could bring some risk off sentiment into the market. Overall our feeling is still slanted toward bearishness.
Weekly game plan 24 May 2020 Read More
The market mechanics are starting to feel broken again… Equities are halfway to completing a V-shaped recovery, Tech stocks in the US are green for the year (this part makes sense actually), Volatility is coming down fast and markets are calming down. All this while the global economy has basically shut down and literally millions upon millions of people around the world has lost their jobs…? Also, bitcoin halving taking place next week. Careful of the bull trap.
Weekly game plan 10 May 2020 Read More
Once again we focus on pure technical analysis this week by simply focusing on the charts and setups. The overall market is still a very noisy place and thus we feel that simply looking at what that ‘maps’ say is the wiser course of action at this stage.
Weekly game plan 3 May 2020 Read More
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.
Weekly game plan 26 April 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
COVID-19 is wreaking havoc in first world countries, while surprisingly South Africa seems to be coping with it much better than most. The lockdown extension might have broken the hearts of many South Africans, but we know that it has saved the lives of countless numbers of our kin. Besides, sitting at home and focusing
Weekly game plan 12 April 2020 Read More
It feels as if we are on the edge of battle. The air is still and so thick with tension that it is hard to breathe in. Nonetheless, the market goes on. In fact, it is starting to offer some interesting opportunities to those who are patient. We look at the S&P500, USDZAR, Clicks, Shoprite, Sibanye and Anglo American.
Weekly game plan 5 April 2020 Read More
So we’re on lockdown. Nobody is really surprised about that if we’re honest. We are just grateful that our government has acted to quickly and desivesly to curb the rate of infections in South Africa.
Weekly game plan 29 March 2020 Read More
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