News

Week Ahead: 1 to 5 March 2021

Start every week on the front foot with a preview of what’s on the agenda around the world.

Research: JSE Technical Sentiment Guide and Fast Commentary (Market Cap +R10bn) – 26 February 2021

Strategy: Key markets – 26 February 2021

Analysis of key markets.

Dollar firms after U.S. yield spike; yen continues march lower

The U.S. dollar held gains Thursday after rebounding overnight from three-year lows following a spike in U.S. bond yields.

Oil prices fall on rising U.S. dollar, expectations for supply gains

Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to come back to the market.

Gold Sinks With Wall Street as U.S. Bond Yields Run Riot

Gold struggled to stay above mid-$1,700 territory Thursday, joining the plunge in most commodities and stocks on Wall Street after U.S. bond yields ran riot to the upside, triggering a so-called value-assets rally on bets the Covid-struck economy may do better than the Fed says.

Strategy: Relative Price Strength (JSE Shares & sectors) – 26 February 2021

➕ Resources ➖ Financials ➖ Industrials (in ranking order)

Strategy: Correlation – 26 February 2021

If there is a negative correlation between markets, it means one of the
markets’ price will go up, while the other will likely drop. When you trade
each of these assets, you might succeed in any market, by avoiding the steep
climbs and large dips expected with a single market type. In the same way,
positively correlated markets could enable you to profit from both markets if
the price moves in the direction that you speculate.

Week Ahead: 1 to 5 March 2021

Start every week on the front foot with a preview of what’s on the agenda around the world.

Research: JSE Technical Sentiment Guide and Fast Commentary (Market Cap +R10bn) – 26 February 2021

Strategy: Key markets – 26 February 2021

Analysis of key markets.

Dollar firms after U.S. yield spike; yen continues march lower

The U.S. dollar held gains Thursday after rebounding overnight from three-year lows following a spike in U.S. bond yields.

Oil prices fall on rising U.S. dollar, expectations for supply gains

Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to come back to the market.

Gold Sinks With Wall Street as U.S. Bond Yields Run Riot

Gold struggled to stay above mid-$1,700 territory Thursday, joining the plunge in most commodities and stocks on Wall Street after U.S. bond yields ran riot to the upside, triggering a so-called value-assets rally on bets the Covid-struck economy may do better than the Fed says.

Strategy: Relative Price Strength (JSE Shares & sectors) – 26 February 2021

➕ Resources ➖ Financials ➖ Industrials (in ranking order)

Strategy: Correlation – 26 February 2021

If there is a negative correlation between markets, it means one of the
markets’ price will go up, while the other will likely drop. When you trade
each of these assets, you might succeed in any market, by avoiding the steep
climbs and large dips expected with a single market type. In the same way,
positively correlated markets could enable you to profit from both markets if
the price moves in the direction that you speculate.

Trade Alerts

Trade Alert: Buy QuantumScape Corp (QS)

QuantumScape is a leader in the development of next generation solid-state lithium-metal batteries for use in electric vehicles.

Trade Alert: Top 40 (Short/Sell)

Entry: 61723Stop: 62300Targets: 60402, 60022

Trade Alert: Sell Woolworths Holdings (WHL)

Trade Alert: Sell GBPUSD

Key Drivers: Struggling to overcome supply at 1.3705 to 1.3740. Incline support at risk (breakdown in play). Daily RSI at 52 (neutral), but trending lower and shifting away from weekly…

Trade Alert: Buy BigCommerce (BIGC) – 25 January 2021

On Thursday, we saw the share advance by 13% on the highest volume since 13 November and the second highest volume since August 2020. The share has broken its downward…

Trade Alert: Sell ABG (Absa Group) – 21 January 2021

Trend line support at risk; Pivot support vulnerable; Underlying time frame weakness (1H and 4H)

Trade Alert: Sell AAPL (Apple Inc) – 19 January 2021

Breaking down through some major support. Keep an eye on an earnings update around 27 January 2021!

Trade Alert: Sell MTN (MTN Group Ltd) – 19 January 2021

MACD confirmed a change in trend direction to bearish. First such bearish signal since November 2020!