JSE Sector Momentum Dashboard

Free Content: June 2026 > https://www.unum.capital/post/rjune2026

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NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes

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🏆 1. The Powerhouses (Consistent Strength)

These sectors are maintaining their dominance, though the composition of this group has thinned out as some previous leaders lost short-term steam.

• Banks: 🟩 High Bullish (LT) | 🟩 High Bullish (MT) | 🟩 Strong (ST)

• Insurers: 🟧 Neutral (LT) | 🟩 Strong (MT) | 🟩 Strong (ST)

• Luxury Goods: 🟧 Neutral (LT) | 🟩 High Bullish (MT) | 🟩 Strong (ST)

Update Insight: Banks remain the absolute strongest structural play on the board. Insurers and Luxury Goods are showing incredibly resilient medium and short-term strength, perfectly positioned for continued upside as long as that daily "Strong" holds.

🚀 2. Positive Momentum Shifters (The Breakouts)

This is where the most exciting action is happening. These sectors are fighting off longer-term neutrality or weakness with sudden, aggressive short-term buying pressure.

• Consumer Discretionary: 🟥 High Bearish (LT) -> 🟩 Strong (MT) -> 🟩 Strong (ST)

• Gold Miners: 🟧 Neutral (LT) -> 🟧 Neutral (MT) -> 🟩 Strong (ST)

• Platinum Miners: 🟧 Neutral (LT) -> 🟥 Weak (MT) -> 🟧 Neutral (ST)

Update Insight: Gold Miners have just woken up, shifting from Neutral to Strong on the daily chart—this is a prime early-stage breakout to watch. Consumer Discretionary continues its violent rally; despite the monthly chart looking terrible (High Bearish), the weekly and daily trends are ignoring it and charging higher.

⚓ 3. Cooling Off / Negative Momentum Shifters (Warning Signs)

This group requires immediate attention. These were previously strong sectors where the quick-reacting daily timeframe is now flashing severe warning signs.

• Diversified Miners: 🟩 Overbought (LT) -> 🟩 Overbought (MT) -> 🟧 Neutral (ST)

• Telecoms: 🟩 Strong (LT) -> 🟩 Strong (MT) -> 🟥 Weak (ST)

• Chemicals: 🟩 Strong (LT) -> 🟧 Neutral (MT) -> 🟥 High Bearish (ST)

• Coal Miners: 🟧 Neutral (LT) -> 🟧 Neutral (MT) -> 🟥 High Bearish (ST)

Update Insight: The momentum drain here is severe. Telecoms fell straight from Strong to Weak on the short-term. Chemicals and Coal Miners are collapsing on the daily timeframe (High Bearish), threatening to drag the medium-term down with them. Diversified Miners have finally stopped going up, pausing at "Neutral" after an extended "Overbought" run.

📉 4. The Laggards (Consistent Weakness)

These sectors are trapped in structural downtrends with no immediate short-term relief in sight.

• Paper & Pulp: 🟩 Oversold (LT) | 🟥 High Bearish (MT) | 🟥 High Bearish (ST)

• Technology: 🟥 High Bearish (LT) | 🟥 Weak (MT) | 🟥 Weak (ST)

• Hospitals: 🟥 Weak (LT) | 🟥 Weak (MT) | 🟥 High Bearish (ST)

• Consumer Staples: 🟥 Weak (LT) | 🟧 Neutral (MT) | 🟧 Neutral (ST)

Update Insight: The situation is deteriorating further for Hospitals, which just downgraded to High Bearish on the short term. Technology and Paper & Pulp remain completely uninvestable from a momentum standpoint until we see the daily chart tick up to at least Neutral.

Lester Davids

Senior Investment Analyst: Unum Capital