☰ Research: April 2026

Thank you for your interest in our research. Year-to-date, we have published over 600 research notes. These research insights help clients: (1) Manage Risks and (2) Uncover Opportunities, with the ultimate goal of allocating capital to opportunities that offer the best reward-to-risk for a client's time frame. 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. Alternatively, Sign Up Here: https://tradedesk.co/tenant/Unum/signup

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Latest Research Notes:

1. PINNED🎯7 Recent Money-Making Opportunities https://www.unum.capital/post/makemoney0804

2. JSE Sectors: Here's What We Noticed https://www.unum.capital/post/relsector3004

3. FX: USD/ZAR https://www.unum.capital/post/usdzar3004

4. JSE Momentum Wrap https://www.unum.capital/post/mowrap3004

5. JSE Breadth Report https://www.unum.capital/post/breadth3004

6. Market Neutral: Long SLM vs Short DSY https://www.unum.capital/post/slmdsy3004

7. Market Neutral: Long CLS vs Short DCP https://www.unum.capital/post/clsdcp3004

8. Take Profit on Redefine Properties https://www.unum.capital/post/rdf2904

9. Take Profit on AngloGold Ashanti https://www.unum.capital/post/ang2904

10. JSE Banks: Rotation https://www.unum.capital/post/banksrota2904

11. Spot Gold https://www.unum.capital/post/xau2904

12. JSE Top 40 Index: Take Profit (Short Side) https://www.unum.capital/post/j2002904

13. Trading Old Mutual (OMU) https://www.unum.capital/post/omu2804

14. Trading Sanlam (SLM) https://www.unum.capital/post/slm2804

15. Grindrod (GND) https://www.unum.capital/post/gnd2804

16. Retail Looking To Break Out https://www.unum.capital/post/box2804

17. Technical Screen: Waking Up/Turnaround https://www.unum.capital/post/screenwake2804

18. Technical Screen: Extreme Oversold https://www.unum.capital/post/screenexos2804

19. Technical Screen: Capitulation https://www.unum.capital/post/screencap2804

20. Sector Momentum Limits https://www.unum.capital/post/speed2804

21. Ranking The Sectors https://www.unum.capital/post/rank2804

22. Internal Rotation: M/Term vs L/Term https://www.unum.capital/post/internalro2804

23. Mean Reversion Risks https://www.unum.capital/post/reversion2804

24. Visualizing Sector Rotation https://www.unum.capital/post/rrg2804

25. JSE Sectors: Telecoms (#2). Here's #1 https://www.unum.capital/post/regimes2804

26. Harmony Gold (HMY) https://www.unum.capital/post/hmy2704

27. S&P 500 Index https://www.unum.capital/post/spx2704

28. 🟩 Mondi: Early Signs of Capitulation/Washout https://www.unum.capital/post/mnp2404

29. 🟩 Trading Clicks https://www.unum.capital/post/cls2404

30. JSE Broad-Market Checklist https://www.unum.capital/post/checklist2404

31. 🟥 JSE Breadth: Advance/Decline = 0.35 https://www.unum.capital/post/breadth2404

32. 🟥 JSE Top 40 Index (-5000 Points) https://www.unum.capital/post/2j2002304

33. 🟩 New: Better Graphics, Clearer Insights https://www.unum.capital/post/better2304

34. JSE Top 40 Index: https://www.unum.capital/post/j2002304

35. 🎥Video Comment 🖥️ Technical Screens https://www.unum.capital/post/screensvideo2304

36. Momentum Wrap https://www.unum.capital/post/mowrap2304

37. Breadth https://www.unum.capital/post/breadth2304

38. Market Summary https://www.unum.capital/post/summary2304

39. 🟩 Shoprite: Take Profit https://www.unum.capital/post/shp2204

40. JSE Top 40 Index: Trend Status + Candle Structure https://www.unum.capital/post/j2002204

41. 🟩 Spar: Model Signal https://www.unum.capital/post/spp2204

42. Breadth Report https://www.unum.capital/post/breadth2204

43. Rotation https://www.unum.capital/post/rotation2204

44. Sector Momentum Gauges https://www.unum.capital/post/speed2204

45. JSE Ranking The Sectors https://www.unum.capital/post/rank2204

46. JSE Sectors Leaders & Laggards https://www.unum.capital/post/leadlag2204

47. 🟩 Global Idea: Long Term Buy Candidate https://www.unum.capital/post/globalnke2104

48. 🟩 Tiger Brands: Take Profit https://www.unum.capital/post/tbs2104

49. Spot Gold https://www.unum.capital/post/xau2104

50. Sasol: Momentum Matrix https://www.unum.capital/post/sol2104

51. 🖥️ Technical Screen: Internal Rotation https://www.unum.capital/post/inrotation2104

52. 🖥️ Technical Screen: Waking Up/Turnaround https://www.unum.capital/post/tswaking2104

53. 🟥BHP Group https://www.unum.capital/post/bhg2004

54. JSE Top 40 Index/Broad Market Reward-To-Risk https://www.unum.capital/post/j2002004

55. Consumer Discretionary: Improving Candle Structure https://www.unum.capital/post/condisc2004

56. Trading TFG (Foschini) https://www.unum.capital/post/tfg2004

57. Key Takeaways https://www.unum.capital/post/keytak2004

58. Market Checklist & Breadth https://www.unum.capital/post/sentcheck2004

59. JSE Sector Mean Reversion Tracker https://www.unum.capital/post/meanre2004

60. Market Sentiment: Euphoric Signals (Daily) https://www.unum.capital/post/sent2004

61. JSE Sectors: Leaders & Laggards https://www.unum.capital/post/rotation2004

62. JSE Banks: Rotation & Price Action Models https://www.unum.capital/post/jsbanks2004

63. JSE Sector Speed https://www.unum.capital/post/speed2004

64. Trading Harmony Gold https://www.unum.capital/post/har2004

65. JSE Internal Rotation https://www.unum.capital/post/inrotation2004

66. JSE Gold Miners https://www.unum.capital/post/jsegold2004

67. Thungela Resources https://www.unum.capital/post/tga2004

68. S&P 500 Index https://www.unum.capital/post/spx1704

69. Global Idea: DAX-listed SAP (Buy Candidate) https://www.unum.capital/post/sap1704

70. 🟢 Take Profit: Microsoft Corp https://www.unum.capital/post/msft1604

71. 🟢 Take Profit (Short Term Traders: Prosus) https://www.unum.capital/post/prx1604

72. JSE Momentum Dashboard (Mid & Large Caps) 🟢🟡🔴 https://www.unum.capital/post/modash1604

73. JSE Top 40 Index https://www.unum.capital/post/j2001604

74. Clicks Group https://www.unum.capital/post/cls1604

75. S&P 500 Index https://www.unum.capital/post/spx1504

76. JSE Sector Speed https://www.unum.capital/post/limit1504

77. JSE Sector Rotation Graph https://www.unum.capital/post/rotation1504

78. 🟢 Trading Old Mutual https://www.unum.capital/post/omu1504

79. 🟢 Trading AVI Ltd https://www.unum.capital/post/omu1504

80. 🔴 Short Term Caution: JSE-Miner https://www.unum.capital/post/s321504

81. Systemic Extremes Checklist https://www.unum.capital/post/extremes1504

82. JSE Sector Leaders & Laggards https://www.unum.capital/post/sector1504

83. ☰ JSE Sector Bull-Bear Mean Reversion Watchlist https://www.unum.capital/post/sectormean1504

84. Trading Shoprite https://www.unum.capital/post/shp1504

85. Take (Partial) Profits on Microsoft Corp https://www.unum.capital/post/msft1404

86. Model Signals: Sasol https://www.unum.capital/post/2sol1404

87. Model Signals: Anglo American Plc https://www.unum.capital/post/agl1404

88. Spot Gold: Momentum Analysis via Daily Time Frame https://www.unum.capital/post/xau1404

89. Momentum & Breadth Report https://www.unum.capital/post/moreport1404

90. Sasol: Risks For Longs & Shorts https://www.unum.capital/post/sol1404

91. Thungela Resources: Risks For Longs & Shorts https://www.unum.capital/post/tga1404

92. Nedbank Generating Cash https://www.unum.capital/post/ned1304

93. Thungela Resources: Take Profit +19% On Buy Re-Entry https://www.unum.capital/post/tga1304

94. Trading Sanlam https://www.unum.capital/post/slm1304

95. JSE Momentum Dashboard (Mid & Large Caps) 🟢🟡🔴 https://www.unum.capital/post/modash1304

96. Gold Miners' Model Signals https://www.unum.capital/post/goldminers1304

97. Model Signals: Exxaro Resources, South 32, Glencore https://www.unum.capital/post/exxs32gln1304 

98. Model Signals 🟢Buy 🔴Sell 🟡Wait https://www.unum.capital/post/model1304

99. Momentum Signals 🟢Buy 🔴Sell 🟡Wait https://www.unum.capital/post/mosig1304

100. Anglo American Plc https://www.unum.capital/post/agl1304

101. Spar Group: Outlook, Risks & Probabilities https://www.unum.capital/post/spp1304

102. JSE Top 40 Index https://www.unum.capital/post/j2001304

103. JSE Diversified Miners https://www.unum.capital/post/dminers1304

104. JSE Sector Key Takeaways https://www.unum.capital/post/keyt1304

105. JSE Sector Momentum https://www.unum.capital/post/motra1304

106. JSE Relative Sector Analysis https://www.unum.capital/post/sector1304

107. JSE Sector Rotation https://www.unum.capital/post/sectorrrg1304

108. JSE Momentum Dashboard (Mid & Large Caps) 🟢🟡🔴 https://www.unum.capital/post/modash1004

109. Spot Gold https://www.unum.capital/post/xau0904

110. JSE Top 40 Index https://www.unum.capital/post/j2000904

111. 💡Trading Capitec Bank: Generating Cash https://www.unum.capital/post/cpi0904

112. 💡Trading Standard Bank: Generating Cash https://www.unum.capital/post/sbk0904

113. 💡Trading Thungela Resources: Generating Cash https://www.unum.capital/post/tga0904

114. Spot Platinum MTF Outlook, Risks & Opportunities https://www.unum.capital/post/xpt0904

115. S&P 500 Index https://www.unum.capital/post/spx0804

116. Thungela Resources https://www.unum.capital/post/tga0804

117. Contrarian Sell/Reduce Trigger 🔴 https://www.unum.capital/post/finsec0804

118. Brent Crude Oil https://www.unum.capital/post/ukoil0804

119. Update: Sasol 🔴 https://www.unum.capital/post/sol0804

120. 💡Trade Setup/Actionable Areas: MTN Group https://www.unum.capital/post/mtn0804

121. 💡Trade Setup: Woolworths https://www.unum.capital/post/whl0804

122. JSE Breadth in 20 Points https://www.unum.capital/post/breadth0804

123. JSE Sector Rotation https://www.unum.capital/post/rotation0804

124. JSE Sector Momentum Trajectory https://www.unum.capital/post/motra0804

125. 10-Point Momentum Wrap https://www.unum.capital/post/mowrap0804

126. JSE Relative Sector Analysis: Leaders & Laggards https://www.unum.capital/post/sector0804

127. Update: AngloGold Ashanti https://www.unum.capital/post/ang0704

128. 💡Price Action Model Setup: Risks & Opportunities https://www.unum.capital/post/1ang0704

129. 💡Trading Capitec Bank https://www.unum.capital/post/cpi0704

130. 💡Trading BHP Group https://www.unum.capital/post/bhg0704

131. 💡Trading Thungela Resources https://www.unum.capital/post/tga0704

132. 💡R205 to R210 as a Buy Re-Entry https://www.unum.capital/post/abg0704

133. JSE Momentum Dashboard (Mid & Large Caps) 🟢🟡🔴 https://www.unum.capital/post/modash0704

134. JSE Sectors: Speed Limit https://www.unum.capital/post/tank0704

135. JSE Sector Breadth https://www.unum.capital/post/secbreadth0704

136. JSE Rotation Graph https://www.unum.capital/post/rotation0704

137. JSE Momentum Trajectory https://www.unum.capital/post/traject0704

138. JSE Sectors: Leaders & Laggards https://www.unum.capital/post/sectors0702

139. 💡Trading Valterra Platinum https://www.unum.capital/post/val0704

140. 💡Trading Harmony Gold https://www.unum.capital/post/har0604

141. Spot Platinum https://www.unum.capital/post/xpt0604

142. Brent Crude Oil https://www.unum.capital/post/ukoil0604

143. JSE Top 40 Index - 12,000 Points https://www.unum.capital/post/j2000204

144. JSE Daily Breadth https://www.unum.capital/post/odb0204

145. OMN Bull-Bear Checklist https://www.unum.capital/post/omn0204

146. TFG Bull-Bear Checklist https://www.unum.capital/post/tfg0204

147. S&P 500 Index https://www.unum.capital/post/spx0204

148. Trading Sibanye Stillwater https://www.unum.capital/post/ssw0104

149. Spot Gold Buy Idea: Running +10% (or +$460) https://www.unum.capital/post/xau0104

150. Momentum Wrap + Dashboard 🟢🟡🔴 https://www.unum.capital/post/modash0104

151. Trading Harmony Gold https://www.unum.capital/post/har0104

152. JSE Top 40 Index https://www.unum.capital/post/j2000104

153. The Breadth Report https://www.unum.capital/post/breadth0104

154. Momentum Trend Trajectory https://www.unum.capital/post/traject0104

155. JSE Sector Rotation: Leaders & Laggards https://www.unum.capital/post/rotation0104

156. JSE Paper & Pulp https://www.unum.capital/post/pulp0104

157. JSE Financials (Banks + Insurers) https://www.unum.capital/post/financials0104

158. Quarter-End: Relative Strength/Weakness: JSE Sectors https://www.unum.capital/post/sectors0104

159. Featured Post: Unum Capital Commentary For Bloomberg https://www.unum.capital/post/bloomberg3003

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March 2026 https://www.unum.capital/post/rmar2026

February 2026 https://www.unum.capital/post/rfeb2026

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Lester Davids

Senior Investment Analyst: Unum Capital