Overnight Moves

Today, we looked at 13 charts; below are only a few. Join us in the morning call on Discord to see it all. Let’s have a look at the overnight moves. Today, we see a greener market with yesterday’s headlines of de-escalation seemingly doing wonders to change the market’s trajectory overnight. The main loser today is oil, with a drop of nearly 4.9%, which is consistent with the pattern we’ve seen so far, where negotiations and de-escalation lead to reduced oil prices. We recommend keeping an eye on the headlines as you start your trading session today.

S&P 500 Index

The S&P 500 had a massive growth yesterday. At 6,833.75 points today, it has surpassed our expected weekly growth level, which might make it harder to play with now, since the big move took place yesterday. We recommend caution, as such a large swing could mean the market is overextended and might not see any noteworthy growth without further positive headlines to boost it today.

Software

We’ve been keeping close tabs on the software sector recently, which had a relatively large upward movement yesterday, with a decent trade volume to boot. We will continue to monitor the sector, as it remains to be seen whether yesterday’s growth will continue, or if it was just a one off green moment, before the sector returns to the red. Regarding specific stocks in the sector, Oracle (ORCL) and Microsoft (MSFT) had were relatively strong yesterday, while Palantir (PLTR) remains in a state of wait-and-see, as its growth was somewhat disappointing considering friday’s praise from President Trump.

Platinum Group Metals

The precious metals had a strong day yesterday, which was a good opportunity to buy PGM. We think that PGM is still a good potential investment, as their industrial and strategic significance ensures a demand, and there is a clear upwards trend following the drop we saw during March of this year. In particular, we recommend having a look at Valterra (VAL), Northam (NPH) and Impala (IMP) as good potential investments.

The magic happens in our community!

We’re posting on TradingView, we’re posting on our blog… but the real magic happens in our client community where you can get access to our ideas as they develop. So, open your account and join us and start taking advantage of South Africa’s Top Broker for both Active Traders and Traditional Investors. We have a Discord server, with a Daily Morning Call at 08:30 (Monday – Friday), where our Trading Strategist shares market updates and posts information with the Community. If you are not trading with us yet, what’s stopping you?

*Please note that these trade ideas form part of a larger weekly plan and the value of financial products can increase as well as decrease over time, depending on the value of the underlying securities and market conditions. The risk of loss arising from trading in Contracts for Difference can be substantial. You should carefully consider whether such investments are suitable for you in the light of your circumstances and financial resources.