Thursday 31 October 2024
Time Published: Pre-Market
If you are running a systematic model, you don't have to do exactly what the model tells you what to do. That's my approach. Part machine driven insights, part human judgement. We do however want to TAKE NOTE of what the price action tells us. Sometimes there's a WARNING. Sometimes there's an OPPORTUNITY. Sometimes there's just information that suggests that we have to WAIT. Take a look at yesterday's readings on Sibanye and Amplats. After massive moves, isn't it normal for these prices to take a breather? That's what model said before yesterday's open. DON'T CHASE (DON'T BUY AGGRESSIVELY AT THESE LEVELS) - that was the message. This data helps me provide better insights so that you can avoid traps and take advantage of opportunities.
AMS - here's how it closed yesterday:
And....this was the pre-market reading, as highlighted in yesterday's note.
SSW - here's how it closed yesterday:
And....this was the pre-market reading, as highlighted in yesterday's note.
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Wednesday 30 October 2024
Time Published: Pre-Market
ABOUT THE TACTICAL TRADING GUIDE:
Lester Davids
Analyst: Unum Capital
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