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Writer's pictureLester Davids

Market Minutes

Updated: Jul 12

Market Developments (and Updates) That May Be Relevant To Your Next Opportunity. Click On The Image To Enlarge.


Fri-12-Jul 12h56 | TFG - today's candle structure at multi-month reflect fatigue. Also note the bearish divergence as per the 7-day RSI. This is opening up potential for a short/sell.









Thur-11-Jul 21h54 | S&P 500 Value vs Growth. Gap starting to revert to the mean? Look at my idea on the Biotech ETF - that sector is a significant component of the small cap space. Then, also look at the Regional Banks ETF (KRE) and Banks ETF (KBE). My screeners have been reflecting these. Today in the US we have seen a massive reversal out GROWTH and into VALUE.









Wed-10-Jul 15h46 | I pulled up a 5 year performance chart between the Russell 3000 (represents almost all US stocks) and the ACWX (All-Country World Index, ex-US). As you know, the US has outperformed which has left a massive gap. I'm looking at the ACWX ETF as a way for clients to obtain exposure to a potential catch-up trade.









Wed-10-Jul 15h09 | SHP Shoprite - continues to hold onto the 8-day EMA (with poor candle structure) but at risk of being breached. Any subsequent weakness could see the share re-test the 21-day EMA.












Wed-10-Jul 15h07 | SBK Standard Bank - continues to hold onto the 8-day EMA (with poor candle structure) but at risk of being breached. Any subsequent weakness could see the share re-test the 21-day EMA.











Thur-04-Jul 15h05 | VOD Vodacom - looks like it's trying to clear 9811c (multi-day resistance). I discussed the share recently at 9013c via a Strategy Alert.








Thur-04-Jul 13h13 | SCREENER: Shares that are trading more than 10% above their 21-week EMA's. Sell/reduce bias.
















Thurs-04-Jul 08h49 | 🔒With a strong push higher, an extension vs the major short term EMA's as well as negative divergence, this sector may be setting up for a short term pullback.








Wed-03-Jul 10h10 | I'm placing DRD on your watchlist. Looking to emerge from a long term consolidation range. Medium term view.







Wed-03-Jul 07h50 | LISTEN: Tencent, NPN Naspers, PGMs - 🎧


LISTEN - TENCENT NASPERS PGMs - 03 JULY 2024 - 07H50

Tues-02-Jul 11h08 | LISTEN: NPN Naspers Ltd - 🎧


NPN - LISTEN

Mon-01-Jul 21h44 | FSR Firstrand - Video Comment (Press Play To Watch)









Mon-01-Jul 15h20 | Many names (SA-Inc) remain in in a high bullish momentum regime, while some are in overbought territory. I've noticed some are well off their highs of the day, with the some candles reflecting indecision. At or around current levels, the reward-to-risk for new buy/longs is not as appealing compared to 3 to 4 weeks ago.


Mon-01-Jul 15h19 | JSE TOP INDEX - Strong upside follow-through off the support at the 21-ema (now +1600 pts).


Fri-28-Jun 08h58 | ABG Absa - take note of these reading via the Tactical Trading Guide.


Fri-28-Jun 08h13 | DSY Discovery - approaching short/sell target. As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits.








Thur-27-Jun 13h26 | EXX Exxaro Resources - strong candle structure thus far today. If it remains this way, it will go onto my strategy alert as an igniting candle (potential swing long).











Thur-27-Jun 13h16 | FSR Firstrand - continues to move lower, in line with the SA Inc unwind from short term overbought levels. This is an updated chart. You'll recall I also published the chart, with the TTG reading last week.








Thur-27-Jun 08h07 | MNP Mondi Plc - sharp reversal off strategy alert/trigger - from R335 to R353. Highlighted last week (18/06).








Thur-27-Jun 08h35 | MARKET NEUTRAL: Sibanye Stillwater (SSW) oversold relative to Northam Platinum (NPH). Possible opportunity for a pair trade.








Thur-27-Jun 08h23 | TENCENT: Weaker this morning. Technical development: breaking down from a rising wedge formation.









Wed 26-Jun 21h47 | ZAR back to R18.12 from intraday highs of ~R18.35. The declining 21-day EMA held today. As expected, we saw a re-test and an overshoot, followed by a pullback.

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