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RESOURCES vs FINANCIALS Key Levels On A Relative Basis

Writer's picture: Lester DavidsLester Davids
Dec 2, 20241 min read

Monday 02 December 2024 (Pre-Market)


  • JSE Sectors with the STXRES and STXFIN as proxies.

  • Rebounding off the prior multi-year breakout level.

  • What does the message does the chart convey? Resources have underperformed Financials for an extended period. At the current juncture, it may be worthwhile considering a switch out of selected Financial names into selected Resources names.



Lester Davids

Analyst: Unum Capital


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