top of page


An Update On Energy: A Medium Term Leader
Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za On Sunday 31 August, we asked the following question: 'Are You Positioned For The Move In Energy?' Since then, Energy has been the #1 Performing Sector (out of 11 S&P sectors). See the performance chart that follows: Previous Post (31 August 2025): Are You Positioned For The Move In Energy? Previous P

Lester Davids
Feb 4


3 Charts: AngloGold Ashanti's Unappealing Reward-To-Risk
Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Risk #1 (Short Term): Dark cloud cover via it's daily chart. Risk #2: Running into channel resistance via the monthly chart. Risk #3: Extended vs it's 200-week moving average (+217%). The greatest extension in over 20 years. Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS: F

Lester Davids
Jan 22


Underneath The Surface: Here's What's Happening on the JSE
Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za If you are looking for a gentle rotation, this market isn’t it. Between January 9 and January 13, the JSE underwent a violent structural shift. What began as a mixed board has rapidly bifurcated into a "barbell" market, where liquidity is fleeing the center and aggressively choosing sides. We have witne

Lester Davids
Jan 14
bottom of page
