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📌Research: 21 - 25 April 2025

  • Writer: Lester Davids
    Lester Davids
  • 5 minutes ago
  • 6 min read

[OPENING THOUGHT: JSE/Local Equities]: "...However, the readings for the week ending Thursday April 17th paint a different picture. The shift towards a majority of neutral and strong readings, along with the emergence of overbought and approaching overbought conditions in some constituents, suggests a.... This is an extract from the note: 'JSE Market Breadth: Interpretation of Market Conditions'. Read the full note here > https://www.unum.capital/post/interpretbr


To kick off the week, the following notes have been published. Additional notes will be added to this page throughout the course of the week, as and when key developments and opportunities are identified. To open a trading account and/or move from your existing service provider, email tradingdesk@unum.co.za


  1. Updated: Volatility Equals Opportunity https://www.unum.capital/post/volaopp

  2. Breadth: Interpretation of Market Conditions https://www.unum.capital/post/interpretbr

  3. US30 / Dow Jones: Short Term Traders Grab 3800 Points https://www.unum.capital/post/3300pts

  4. USD/ZAR: Unwinding From Overbought https://www.unum.capital/post/zarnext

  5. Actionable Areas: Amplats, Implats, Northam Platinum https://www.unum.capital/post/platmnrs

  6. Global Market Risk Index https://www.unum.capital/post/gmrisk

  7. Strongest/Weakest Sectors https://www.unum.capital/post/sectrate

  8. JSE Technical Summary: Mid/Large Caps https://www.unum.capital/post/tchsumm

  9. 12000 Points https://www.unum.capital/post/12kpoints

  10. How To: Trade Naspers https://www.unum.capital/post/httnaspers

  11. Click(s) Here To Take Profit https://www.unum.capital/post/clickhere

  12. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pacmt

 

Missed Last Week's Research? (14 - 18 April) Catch Up Below:

  1. Offshore: Wheaton Precious Metals - Target Exceeded https://www.unum.capital/post/wheaton

  2. Old Mutual https://www.unum.capital/post/omuupdte

  3. Anglo American Platinum https://www.unum.capital/post/amplatsmodel

  4. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/prcmnt

  5. Pairs Trade Idea: Long RESI / Short FINI Now +50% https://www.unum.capital/post/sectorpairs

  6. Sibanye Stillwater: Running +60% https://www.unum.capital/post/sixtypct

  7. Live Commentary (Various) https://www.unum.capital/post/live16042025

  8. New Gold Issuer: Reaches Record Level; Now +122% https://www.unum.capital/post/gld58

  9. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pracmnt

  10. The 4 Trades You Missed (Including Northam Platinum) https://www.unum.capital/post/dontmissed

  11. How To Trade: Sibanye Stillwater https://www.unum.capital/post/httssw

  12. FX: GBP/USD https://www.unum.capital/post/pndllr

  13. The Share Dipped Into Oversold, Then Rallied By 29% https://www.unum.capital/post/twninepct

  14. EUR/USD Extended vs 75-EMA https://www.unum.capital/post/eurext

  15. FirstRand: Bank/Take Profit; Running 19 to 21% https://www.unum.capital/post/bankfsr

  16. US Sector Breadth: Current Leadership https://www.unum.capital/post/sctrbreadth

  17. Impala Platinum https://www.unum.capital/post/trdimp

  18. Spot Gold (XAU/USD) https://www.unum.capital/post/sptgold

  19. One Week, 11000 Points: Our Research Is Your Opportunity https://www.unum.capital/post/11000pts

  20. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pricomm

  21. USD/ZAR: 21-EMA in Focus https://www.unum.capital/post/zarbelow19

  22. Truworths | AVI | Woolworths https://www.unum.capital/post/truavi

  23. South 32 https://www.unum.capital/post/sthirtytwo

  24. Live Commentary (Various) https://www.unum.capital/post/livemon1404

  25. Absa | Old Mutual | Bidvest | Sappi https://www.unum.capital/post/volopty

  26. U.S. Dollar: Overbought to Oversold + Updated Model Reading https://www.unum.capital/post/dxyoso

  27. JSE Top 40 Index: +10000 Point + Updated Model Reading https://www.unum.capital/post/fortyten

  28. JSE Market Breadth: Considerable Recovery https://www.unum.capital/post/recovery

  29. Top 40 Index: 9000 Point Rally; Oversold To Neutral https://www.unum.capital/post/fortyntrl

  30. USD/ZAR: Zooming In (S/Term) https://www.unum.capital/post/zapullback

  31. USD/ZAR: Zooming Out (L/Term) https://www.unum.capital/post/zarplain

  32. JSE Relative Sector Summaries https://www.unum.capital/post/sectsumma

  33. US500/US30: Sharp Rally Off Risk Reading https://www.unum.capital/post/riskrally

  34. 4x High Demand / Approaching Overbought (Weekly (T/F) https://www.unum.capital/post/hidmnd

  35. 5x Overbought (Weekly (T/F) https://www.unum.capital/post/fiveobo 

  36. Standard Bank: Actionable Areas https://www.unum.capital/post/sbkacta

  37. Mondi Plc: Actionable Areas https://www.unum.capital/post/mnpaction

  38. MTN Group: Actionable Areas https://www.unum.capital/post/mtnactionable

  39. Spar | Northam Platinum | Shoprite https://www.unum.capital/post/actionareas

  40. High Impact: U.S. Relative Sector Analysis https://www.unum.capital/post/usrelsect

  41. Richemont: Short/Long; Gap Filled + Rebound https://www.unum.capital/post/cfrebound

  42. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pricmt

  43. 14 Months Later It's Higher By 50% https://www.unum.capital/post/stxresfifty

  44. JSE Gold Miners: Two Charts of Interest https://www.unum.capital/post/goldmnrs

  45. Update: VanEck Junior Gold Miners (GDXJ) Approaching Target https://www.unum.capital/post/gdxj-etf

  46. Update: VanEck Gold Miners ETF (GDX): Running 42% https://www.unum.capital/post/gdxforty

  47. Power Moves: Shoprite, African Rainbow, Impala & More... https://www.unum.capital/post/powermoves

  48. DRD Gold: Running 80 to 85%, Exceeding Price Target https://www.unum.capital/post/drd80

 

Missed The Research for 07 - 11 April? Catch Up Below:

  1. JSE Top 40 Index https://www.unum.capital/post/fortyneutral

  2. Trading US30: Lower by 1700 - 1900 Points https://www.unum.capital/post/dowdown

  3. Six Research Notes Which Helped Our Clients This Week https://www.unum.capital/post/noteshelp

  4. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pacomments

  5. Our Research, Your Opportunity: Nasdaq Rallies +10% https://www.unum.capital/post/oppspot

  6. Brent Crude Oil: Ultra Short Term Traders Score 7 to 10% https://www.unum.capital/post/brentsvn

  7. Trading US500 / S&P 500 Index / https://www.unum.capital/post/trdeus500

  8. Trading Naspers https://www.unum.capital/post/trading-naspers

  9. Trading US Dollar / Japanese Yen https://www.unum.capital/post/yenlower

  10. Trading Sibanye Stillwater https://www.unum.capital/post/sswnineapril

  11. Market Risk Index: The Weekly Reading Is Worth Noting! https://www.unum.capital/post/weeklyrisk

  12. Trading US30 Index / Dow Jones https://www.unum.capital/post/trus30

  13. Brent Crude Oil: Weekly Structure https://www.unum.capital/post/brntwkly

  14. Trading Richemont https://www.unum.capital/post/richerebound

  15. JSE Top 40 Extending Gains (+8% or +5800c Points) https://www.unum.capital/post/fortyextend

  16. Traders Score With FirstRand https://www.unum.capital/post/fsr13

  17. Trading Capitec Bank https://www.unum.capital/post/capitecaa

  18. Traders, Did You Notice This? https://www.unum.capital/post/notice

  19. Trading South 32 https://www.unum.capital/post/thirtytwo

  20. Trading Silver (XAG/USD) https://www.unum.capital/post/tradingsilv

  21. Overbought...Then Lower By 3000c https://www.unum.capital/post/obo3000

  22. Trading EUR/USD https://www.unum.capital/post/eurft

  23. Trading Spot Gold (XAU/USD) https://www.unum.capital/post/xauretreat

  24. JSE Top 40 Index: Oversold Reading Unwinds... https://www.unum.capital/post/fortyrebound

  25. Breadth Data: Oversold Goes From 40 Shares To ... https://www.unum.capital/post/breadthreward

  26. For The Session, Platinum Miners... https://www.unum.capital/post/pgmlead

  27. USD/ZAR: Ultra Short Term Sees... https://www.unum.capital/post/zarrewardrisk

  28. FirstRand Generating Cash, Rebounding 7% https://www.unum.capital/post/firstcash

  29. Prosus Generating Cash With A 5200c Rebound https://www.unum.capital/post/prosusgen

  30. April 2025: Volatility Equals Opportunity https://www.unum.capital/post/volopportunity

  31. Russell 3000 Breadth: These Charts Help Us Understand... https://www.unum.capital/post/rus3k

  32. *Helping Clients Manage Risk https://www.unum.capital/post/mngrisk

  33. *High Impact: JSE Relative Sector Ratings https://www.unum.capital/post/relasec

  34. *High Impact: U.S. Relative Sector Analysis https://www.unum.capital/post/ussectora

  35. Market Risk Index: Weekly & Monthly Time Frames https://www.unum.capital/post/riskindex

  36. S&P 500: Bear Target Reached. Post-Market Comment https://www.unum.capital/post/spybeartarget

  37. S&P 500: For Clients, This Was A Risk To Consider https://www.unum.capital/post/spyimarket

  38. Breadth: S&P 500 % Constituents Above Their 200-Day https://www.unum.capital/post/us200day

  39. Protected By Treasuries: US10Y Dips Below 3.8% https://www.unum.capital/post/usten

  40. I Was Wrong Here: Glencore Stop-Loss Breached https://www.unum.capital/post/glnstop

  41. JSE Market Breadth: After The Close https://www.unum.capital/post/breadthpost

  42. JSE Top 40 Index (-8700 Points) https://www.unum.capital/post/fortyretreat

  43. JSE Top 40 Index: Weekly Chart Analysis https://www.unum.capital/post/fortyweekly

  44. Updates: Copper | Gold | Silver | Palladium | Platinum https://www.unum.capital/post/hardcomm

  45. U.S. Sector Breadth: Leaders & Laggards https://www.unum.capital/post/ussecbrea

  46. Anglo American: Channel Resistance + Below '08 Cycle Highs https://www.unum.capital/post/anglocycle

  47. Commodity Analysis https://www.unum.capital/post/commodity-analysis

  48. From Above R80 to Below R50. Helping Clients Manage Risk https://www.unum.capital/post/whl200w

  49. Prosus: Actionable Area https://www.unum.capital/post/prxaa

  50. FirstRand: Actionable Area https://www.unum.capital/post/fsraction

  51. MTN Group: Actionable Area https://www.unum.capital/post/aamtn

  52. Shoprite: Monthly MACD Development https://www.unum.capital/post/shpmacd

  53. Standard Bank: Continues To... https://www.unum.capital/post/sbkcycle

  54. Capitec/Top 40 Ratio MACD Development https://www.unum.capital/post/cpimacd

  55. Diversified Miners: Key Level + Relative Strength https://www.unum.capital/post/minersforty

  56. Consumer Staples + Utilities: Using Sectors... https://www.unum.capital/post/staplestrength

  57. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pricecomments

  58. 17x Oversold (Weekly T/F) https://www.unum.capital/post/osoweekly

  59. 8x High Demand / Approaching Overbought (Weekly (T/F) https://www.unum.capital/post/hidemand8

  60. 15x High Bearish Mo / Approaching Oversold (Weekly T/F) https://www.unum.capital/post/highbear15

  61. 5 Themes That Unum Capital Clients Have Been Prepared For https://www.unum.capital/post/bigpic

 

Missed The Prior Week's Research? (31 March - 04 April). Catch Up Below:

  1. Higher by 50% in 16 Months https://www.unum.capital/post/fiftypercent

  2. Vodacom: Banking R10 https://www.unum.capital/post/vodpaid

  3. Technical Screen: Oversold + Potential Piercing Candles https://www.unum.capital/post/osopiercing

  4. JSE Market Breadth: Key Takeaways https://www.unum.capital/post/mktbreadth

  5. Now Lower by 29%: Model In Line & Meta Shorts Generating Cash https://www.unum.capital/post/meta24

  6. Amidst The Volatility, There Are Opportunities To Make Money https://www.unum.capital/post/amidst

  7. Trading Capitec. For Shorts, A 16% Decline https://www.unum.capital/post/capitec16

  8. MTN Group Shorts Generating Cash (-9%, or -1155c) https://www.unum.capital/post/mtneleven

  9. Impala Platinum Day Two of Generating Cash https://www.unum.capital/post/impdaytwo

  10. Strategy Alert: Standard Bank https://www.unum.capital/post/stratsbk 

  11. Trading Absa https://www.unum.capital/post/abgprob 

  12. Strategy Alert: Aspen Pharmacare https://www.unum.capital/post/strat-aspen

  13. Thungela Gives Gives S/T Traders A 600c Gain https://www.unum.capital/post/tga600

  14. JSE Technical Summary: Mid & Large Caps https://www.unum.capital/post/jsetechsum

  15. Truworths: Stop-Loss Breached. Idea Now Closed https://www.unum.capital/post/trusl

  16. Trading Capitec Bank https://www.unum.capital/post/cpilower

  17. Trading Foschini: Levels of Buying Interest https://www.unum.capital/post/tfglvls

  18. MTN Group: Shorts Generating Cash (-4.9%, or -626c) https://www.unum.capital/post/mtnlower

  19. Impala Platinum Paying Active Traders! https://www.unum.capital/post/impala340

  20. Trading Vodacom https://www.unum.capital/post/vodgain

  21. Trading Northam Platinum https://www.unum.capital/post/tradenph

  22. Trading Note: Impala Platinum https://www.unum.capital/post/tnimpala

  23. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pacommentary

  24. Getting Paid With Thungela Resources https://www.unum.capital/post/tgaprofit

  25. Shoprite: Trading 1000c Higher https://www.unum.capital/post/shp1000c

  26. [Offshore] Altria: Running +9% https://www.unum.capital/post/altria-running

  27. JSE Market Breadth: Key Takeaways https://www.unum.capital/post/sabreadth

  28. Buy Idea https://www.unum.capital/post/buy-unlock 

  29. Unum Capital Commentary For Bloomberg https://www.unum.capital/post/unumbbg

  30. How To Bank 100 Points (S&P 500 Index) https://www.unum.capital/post/100points

  31. Top 10 Weakest Shares / Low Demand https://www.unum.capital/post/bottomtenweak

  32. Top 10 Strongest Shares / High Demand https://www.unum.capital/post/toptenstrong

  33. JSE Top 40 Index: Retreating From Inflection Point https://www.unum.capital/post/topfortyindex

  34. Thungela Resources: Have You Considered This Angle https://www.unum.capital/post/thungela-angle

  35. Brent Crude Oil Running +7.8% https://www.unum.capital/post/crude-7pct

  36. Global Utilities. Positioned For Alpha (3-Month High)  https://www.unum.capital/post/jxialpha

  37. Trading USD/ZAR https://www.unum.capital/post/tradusdzar

  38. Van Eck Gold Miners ETF Running +33% https://www.unum.capital/post/gdxetf-running

  39. Trading The Numbers: U.S Non-Farm Payrolls https://www.unum.capital/post/tradingpayroll

  40. Market Risk Index: Weekly & Monthly Time Frames https://www.unum.capital/post/mktrisk

  41. [High Impact] JSE Relative Sector Ratings https://www.unum.capital/post/sectorsum

  42. [High Impact] U.S. Relative Sector Analysis https://www.unum.capital/post/ussectr

  43. US Tech: Why Ratio Charts Are A Part Of Our Process https://www.unum.capital/post/positioning

  44. The Bigger Picture: 5 Themes That Unum Capital Clients... https://www.unum.capital/post/5themes

  45. Trading S&P 500 Index https://www.unum.capital/post/spxchannel

  46. Yields Down, Price Up. Well Done Bond Buyers https://www.unum.capital/post/yields-down

  47. Gold: Long Term Inflection Point https://www.unum.capital/post/gold-trend

  48. U.S. Sector Breadth: Leaders & Laggards https://www.unum.capital/post/ussctbreadth

  49. Trading Richemont https://www.unum.capital/post/trade-cfr

  50. Trading Sasol https://www.unum.capital/post/trading-sasol

  51. Trading British American Tobacco https://www.unum.capital/post/trading-british

  52. Trading Naspers & Prosus https://www.unum.capital/post/npnprx 

  53. Trading JSE Insurers https://www.unum.capital/post/trd-insurers

  54. '...And Then I Sold The Share For A Profit...' https://www.unum.capital/post/foraprofit

  55. Investec: Unwinding From Long Term Resistance https://www.unum.capital/post/inlzoom

  56. Sibanye: After a 40% Rally, Here's What The Data Says https://www.unum.capital/post/sibanye-forty

  57. Telkom: Well Done Longs. Now 63% Higher + Overbought  https://www.unum.capital/post/telkom-sixty

  58. Glencore Relative To Copper https://www.unum.capital/post/glencore-copper

  59. Richards Bay Coal Futures https://www.unum.capital/post/rbcoal

  60. JSE Gold Miners: After a 60% Rally, Here's What The Data Says https://www.unum.capital/post/minersixty

  61. These 3 Shares Closed In Overbought Territory https://www.unum.capital/post/3xobo

  62. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pamodel

  63. Zooming Out: Harmony Gold https://www.unum.capital/post/zoom-har

  64. Zooming Out: PGM Miners / Top 40 Index https://www.unum.capital/post/zoom-pgm 

  65. 8x High Demand / Approaching Overbought (Weekly (T/F) https://www.unum.capital/post/bullmoweek

  66. 8x High Bearish Mo / Approaching Oversold (Weekly T/F) https://www.unum.capital/post/hibearmoweek  


Lester Davids

Analyst: Unum Capital

 

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