top of page


📊 The Breadth Report
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Tactical Recovery Attempt: 33.3% (38 of 114) of the universe is now in the 🟢 Buy Breakout or higher category, a sharp increase from previous sessions. Exhaustion Extremes: Only 2 shares (OMN, SOL) remain in the "Triple Overbought" 80+ RSI zone across all timeframes. The 40-RSI Floor: 64% of sha

Lester Davids
1 day ago


📊 JSE Daily Breadth
Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Breadth Stats as at end of day on Monday, 30 March. SUMMARY: Market breadth on the JSE has severely deteriorated, revealing a dangerously top-heavy and fragmented landscape where index levels are masking underlying structural weakness. While a highly concentrated cohort of Energy and Scarcity counters (s

Lester Davids
3 days ago


The Oil Spike: 4 Ways Unum Capital Clients Were Prepared For Energy Sector Opportunities
Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Published on Sunday 08 March. Our research, combined with world-class execution from our Trading Desk helps clients uncover and capitalize on trading opportunities. Amidst the ongoing trends and rising volatility, here are 4x ways in which we helped our clients prepare and position for the now-leading mov

Lester Davids
Mar 8


☰ Research: March 2026
Thank you for your interest in our research. Year-to-date, we have published over 560 research notes , with the aim of conveying insights that help clients: (1) Manage Risks and (2) Uncover Opportunities. If you've been a consumer of our research but have not traded via the Unum Capital trading desk, why not consider making us your trading services provider? To open a trading account and/or move from your existing service provider, email tradingdesk@unum.co.za . Alternativ

Lester Davids
Mar 1


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
