Over the last few weeks we’ve shared some thoughts about the fundamental picture we are seeing, and thus fired off a few warnings about the sustainability of the tech rally. This week we’ll keep things simple and only consider the charts, without having the fundamentals interfere with our thinking.
Weekly game plan 20 September 2020 Read More
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.
Weekly game plan 16 August 2020 Read More
After strong earnings reports from tech stocks in the U.S. and more rhetoric around continued stimulus, markets closed last week on a strong note. We’re sticking to the good old technicals for this week and highlighting some of the stocks that we have been watching.
Weekly game plan 2 August 2020 Read More
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
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
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
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
Well, well, well, trends do persist. We are seeing some of the setups from last week starting to work. We also have a copy of the phase one trade deal for download.
Weekly game plan 19 January 2020 Read More
We’ve had continued issues around Load Shedding and various other economic ailments, and thus our Rand has weakened somewhat. This weaker Rand narrative is what we think is likely to drive our market in the coming week.
Weekly game plan 12 January 2020 Read More
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