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Trade   JSE Shares   with Unum Capital. To get started, email   tradingdesk@unum.co.za Interpretation of Market Conditions: The readings from the week ending April 4th indicated a market where a large number of stocks were potentially presenting near-term buying opportunities due to oversold conditions . The lack of overbought readings suggested limited immediate selling pressure from overextended stocks. However, the readings for the week ending April 17th paint a different picture. The shift towards a majority of neutral and strong readings, along with the emergence of overbought and approaching overbought conditions in some constituents, suggests a decrease in potential near-term buying opportunities. Instead, the presence of overbought readings indicates that some stocks might be approaching levels where selling pressure could increase. The significant reduction in oversold stocks implies that the prior downward momentum has largely subsided. The market breadth readings for the JSE Mid and Large Caps show a notable shift when comparing the week ending April 4th to the week ending April 17th. Week Ending Thursday 04 April: The majority of constituents, numbering 40 out of 98, were in the oversold  category. A further 23 constituents showed high bearish momentum / approaching oversold . This suggests that at the end of the week of April 4th, a significant portion of the JSE Mid and Large Caps index was experiencing strong downward pressure and could be nearing a potential buying opportunity in the short term. Only 4 constituents were in the strong  category, with none indicating overbought conditions. Week Ending Thursday 17 April: The landscape has changed considerably, with the largest group, 46 out of 100 constituents, now in the neutral  category. A substantial 39 constituents are now showing strong  readings. Notably, 9 constituents are exhibiting high bullish momentum / approaching overbought , and 1 constituent is overbought . The number of constituents in the oversold and high bearish momentum categories has dropped to 0. Why is the breadth for 04 April used as a reference? The date highlights the Friday into the market recent market low which coincided with the deeply oversold condition across the board. Below: Breadth data as of the close on Thursday 17 April 2025. Previous Post (13 April): JSE Market Breadth: Considerable Recovery Comparing this week's readings to last week's, we observe a significant shift in market conditions.  The number of constituents in oversold territory has dropped dramatically from 40 to 0. Similarly, those with high bearish momentum approaching oversold have decreased substantially. Conversely, there is a notable increase in the number of constituents in the neutral and strong categories. Additionally, we now see constituents in the high bullish momentum/approaching overbought and overbought zones, which were absent last week. Last Week's Readings (Total Constituents: 98): Oversold:  40 constituents High Bearish Momentum / Approaching Oversold:  23 constituents Weak:  19 constituents Neutral:  12 constituents Strong:  4 constituents High Bullish Momentum / Approaching Overbought:  0 constituents Overbought:  0 constituents Last week's readings indicated a significantly bearish market sentiment. A large majority of the constituents (40 + 23 = 63) were in oversold or approaching oversold territory, suggesting a potential near-term buying opportunity as these stocks might be due for a rebound. The absence of stocks in overbought conditions further supported this idea for a potential bounce. This Week's Readings (Total Constituents: 100): Oversold:  0 constituents High Bearish Momentum / Approaching Oversold:  2 constituents Weak:  30 constituents Neutral:  47 constituents Strong:  14 constituents High Bullish Momentum / Approaching Overbought:  5 constituents Overbought:  2 constituents Interpretation of Market Conditions: The shift in readings from last week to this week suggests a considerable recovery from the bearish sentiment. The decrease in oversold and near-oversold constituents indicates that the potential buying opportunity observed last week might have played out , leading to upward price movements. The increased number of constituents in the strong and approaching overbought/overbought categories now points towards a potential selling opportunity in the near term for those specific stocks, as they might be trading at levels above their intrinsic value and could be due for a correction. However, it's important to note that the largest portion of the market is now in a neutral state, suggesting a period of consolidation or indecision following the prior week's strong bearishness. In summary , the market has transitioned from a state heavily skewed towards a potential near-term buying opportunity to a more balanced condition with a significant neutral component and the emergence of potential selling opportunities in a smaller segment of the market. Previous Post (Monday 07 April): Breadth Data Helps Assess Reward-To-Risk (Oversold Goes From...) Over the weekend we published the end of week breadth data, highlighted the overwhelming number of shares which were trading in oversold territory. The data covers all shares with a market cap above R10bn. As you may have read, out of the 98, 40 was oversold, which is a rarity! As per our comment, the interpretation of the data was as follows: "The data suggests that the market is heavily skewed towards oversold conditions. This widespread oversold reading may point towards a potential near-term buying opportunity as the large number of stocks at these levels could be poised for a rebound. However, the lack of strong bullish momentum and the prevalence of bearish readings indicates that any potential recovery may be short-lived or met with resistance. In essence, the market is currently overwhelmingly bearish, with a possible short-term opportunity arising from the oversold conditions, but caution is advised due to the overall weakness." Today (Monday, 07 April) saw several shares trade lower early in the session, which was followed by strong rebounds on an intraday basis. As of today's close, only 19 shares trade in oversold territory versus the 40 after last week Friday's close. There were pockets to play in which created cash-generating opportunities for traders who took advantage of the oversold conditions. Well done if you made some money today! Previous Post (Saturday, 05 April at 06h20): JSE Market Breadth: After The Close Market Summary: The JSE Mid & Large Caps market, as indicated by the short-term trend readings of its 98 constituents, exhibits a predominantly bearish sentiment . A significant portion of the market, 40 constituents , are currently classified as oversold , while another 23  are experiencing high bearish momentum  and approaching oversold territory. This means that a substantial majority (63 out of 98) of the stocks are showing signs of weakness and potential for a near-term bounce. Conversely, there are no stocks  in the overbought  or high bullish momentum  categories, and only 4  are considered to be in a strong  uptrend. A further 12  stocks are in a neutral  position, and 19  are classified as weak . Interpretation: The data suggests that the market is heavily skewed towards oversold conditions . This widespread oversold reading may point towards a potential near-term buying opportunity  as the large number of stocks at these levels could be poised for a rebound. However, the lack of strong bullish momentum and the prevalence of bearish readings indicates that any potential recovery may be short-lived or met with resistance . In essence, the market is currently overwhelmingly bearish , with a possible short-term opportunity  arising from the oversold conditions, but caution is advised  due to the overall weakness. Lester Davids Analyst: Unum Capital

Trade the Top 40 Index with Unum Capital. To get started, email lester@unum.co.za The index is higher by 12,000 Points, with the move in line with the 'Oversold' reading, having closed in 'Strong' regime on Thursday. Scroll (further) down to read our original post. As of Thursday's close (17 April), the Monthly (M), Weekly (W) and Daily (D) regimes were as follows: By the end of the week saw further upside follow-though, with the index extending it's gains while the oversold conditions as of the close on Friday 04 April continued to unwind. We also saw the index rebound sharply off the channel support, as highlighted in the previous note (scroll down to view). As per the note coming into this past week, our nearest, next-best probability price action as per the price action model was to buy on a pullback. At Wednesday's highs, the index now traded 16% above the channel support and is 12000 points higher than the low seen on Monday 07 April. It should also be noted that the index is move in line with the oversold reading as per the price action model as well as strategy alerting traders to look for support at the prior swing lows. JSE Top 40 Index Daily Chart as of the close on Thursday 17 April 2025 Previous Post (Saturday 05 April at 14h37) : JSE Top 40 Index: Weekly Chart Analysis JSE Top 40 Index Analysis: Short Term (1 to 10 days):   The short-term reading is Oversold . This suggests that the index has likely experienced a significant decline and may be due for a rebound or consolidation. However, being oversold alone doesn't guarantee an immediate reversal. Medium Term (2 to 4 weeks):  The medium-term reading is Weak . This implies that the index has been trending downwards over the past few weeks, indicating underlying selling pressure . Long Term (5 to 8 weeks):  The long-term reading is Neutral . This suggests that over a broader timeframe, the index hasn't established a clear upward or downward trend. Overall Assessment: Taking into account the weighted importance (short-term being the most significant), the JSE Top 40 Index exhibits deteriorating  price action. While the oversold reading in the short term might offer a temporary bounce, the weakness in the medium term, coupled with the lack of a strong long-term trend, suggests caution. The recent price action is more aligned with the medium-term weakness than the potential for a short-term recovery. JSE TOP 40 WEEKLY CHART Lester Davids Analyst: Unum Capital

Trade   JSE Shares   with Unum Capital. To get started, email   tradingdesk@unum.co.za Lester Davids Analyst: Unum Capital

Trade   JSE Shares   with Unum Capital. To get started, email   tradingdesk@unum.co.za Coming into last week, our conclusion was as follows: Based on the weighted analysis, the Platinum Miners  sector shows the most positive short-term outlook. Conversely, the Insurers, Coal Miners, Chemicals, Technology, and Telecoms  sectors appear to be facing the most significant short-term headwinds. Several other sectors present mixed signals and warrant close attention to see if short-term neutrality evolves into a clearer trend. The consistently overbought condition of the Gold Miners  sector suggests a potential near-term correction. By the close of the week, equally-weighted Platinum miners had outperformed the Top 40 Index by 6.7% while Gold miners underperformed the Top 4o index by 4.2%. New data after the close of trade on Thursday, 17 April. Overall Summary (Weighted by Short Term): Strongest Sectors:  Gold Miners, Platinum Miners, Consumer Staples, Hospitals Weakest Sectors:  Technology, Consumer Disc., Paper & Pulp, Chemicals, Luxury Goods Mixed/Neutral Sectors (Require Careful Monitoring):  Miners, Banks, Insurers, Healthcare, Coal Miners, Telecoms Legend Interpretation: Strong:  Generally a buy signal. Neutral:  Hold, or be cautious. Weak:  Generally a sell signal. High Bearish Momentum/Approaching Oversold:  Potential for a short-term bounce or reversal, but still bearish overall. Consider buying cautiously for short-term gains, but be aware of the overall weakness. High Bullish Momentum/Approaching Overbought:  Potential for a pullback or correction. Consider selling or taking profits, as the bullish momentum might not be sustainable. Oversold:  Potential for a short-term bounce or reversal. Consider buying for short-term gains. Overbought:  Potential for a pullback or correction. Consider selling or taking profits. Sector Analysis: Technology vs Top 40: Long Term: Weak Medium Term: Neutral Short Term: Weak Analysis:  This sector shows consistent underperformance, with weakness in both the long and short terms. The neutral medium term is not enough to offset the negative signals from the higher-weighted short term. This sector indicates continued weakness. Miners vs Top 40: Long Term: High Bearish Momentum / Approaching Oversold Medium Term: High Bearish Momentum / Approaching Oversold Short Term: Neutral Analysis:  This sector shows significant bearish momentum in the longer and medium terms, suggesting potential for a bounce given the approaching oversold conditions. However, the neutral short term doesn't yet confirm this. Overall, the strong downward momentum carries significant weight, indicating continued pressure. Banks vs Top 40: Long Term: Neutral Medium Term: Weak Short Term: Neutral Analysis:  This sector presents a slightly negative outlook due to the weak medium-term performance. While the long and short terms are neutral, the medium-term underperformance suggests potential for continued sideways to slightly negative movement. Insurers vs Top 40: Long Term: Neutral Medium Term: Weak Short Term: Neutral Analysis:  Similar to Banks, this sector leans slightly negative due to the weak medium-term performance. The neutral long and short terms are insufficient to suggest any significant positive momentum. Gold Miners vs Top 40: Long Term: High Bullish Momentum / Approaching Overbought Medium Term: High Bullish Momentum / Approaching Overbought Short Term: Strong Analysis:  This sector shows significant bullish momentum across all time frames, with strong short-term outperformance. The approaching overbought conditions in the longer and medium terms suggest caution for a potential pullback, but the strong short-term performance, carrying the most weight, indicates continued positive momentum. Platinum Miners vs Top 40: Long Term: Neutral Medium Term: Strong Short Term: Strong Analysis:  This sector demonstrates positive momentum, with strong performance in both the medium and short terms. The neutral long term doesn't detract from the positive signals in the more heavily weighted shorter time frames, indicating a positive outlook. Consumer Staples vs Top 40: Long Term: Neutral Medium Term: Neutral Short Term: Strong Analysis:  This sector shows positive momentum driven by strong short-term outperformance. The neutral signals in the longer and medium terms don't counter the positive indication from the most heavily weighted short term. Consumer Disc. vs Top 40: Long Term: Weak Medium Term: Weak Short Term: Neutral Analysis:  This sector indicates continued underperformance, with weakness in both the long and medium terms. The neutral short term doesn't provide any positive indication, suggesting ongoing challenges for this sector. Healthcare vs Top 40: Long Term: High Bearish Momentum / Approaching Oversold Medium Term: High Bearish Momentum / Approaching Oversold Short Term: Neutral Analysis:  Similar to the broader Miners sector, Healthcare shows significant bearish momentum in the longer and medium terms, approaching oversold conditions. The neutral short term doesn't yet signal a reversal, and the strong downward momentum in the higher-weighted longer and medium terms suggests continued pressure. Hospitals vs Top 40: Long Term: Weak Medium Term: Neutral Short Term: Strong Analysis:  This sector shows improvement due to the strong short-term outperformance. While the long term indicates weakness and the medium term is neutral, the positive signal from the most heavily weighted short term suggests potential for continued positive momentum. Coal Miners vs Top 40: Long Term: High Bearish Momentum / Approaching Oversold Medium Term: High Bearish Momentum / Approaching Oversold Short Term: Neutral Analysis:  This sector mirrors the bearish momentum seen in Miners and Healthcare, with significant downward pressure in the longer and medium terms, approaching oversold levels. The neutral short term doesn't yet indicate a shift in this trend. Telecoms vs Top 40: Long Term: Neutral Medium Term: Neutral Short Term: Neutral Analysis:  This sector shows a consistently neutral performance across all time frames, suggesting it is likely to continue performing in line with the broader Top 40 index. Paper & Pulp vs Top 40: Long Term: Oversold Medium Term: Weak Short Term: Weak Analysis:  This sector indicates continued weakness. While the long term is oversold suggesting a potential bounce, the weakness in both the medium and short terms, with the short term carrying the most weight, points towards ongoing underperformance. Chemicals vs Top 40: Long Term: Oversold Medium Term: High Bearish Momentum / Approaching Oversold Short Term: Weak Analysis:  This sector shows significant downward pressure. The oversold long term suggests a potential for a bounce, but the high bearish momentum in the medium term and the weakness in the short term indicate continued underperformance in the near term. Luxury Goods vs Top 40: Long Term: Neutral Medium Term: Weak Short Term: Weak Analysis:  This sector indicates a negative outlook due to the weakness in both the medium and short terms. The neutral long term is not enough to offset the negative signals from the more heavily weighted shorter time frames. Conclusion: Considering the weighted approach, the Gold Miners, Platinum Miners, Consumer Staples, and Hospitals sectors show the most promising short-term strength. Conversely, Technology, Consumer Discretionary, Paper & Pulp, Chemicals, and Luxury Goods appear to be facing continued weakness. The remaining sectors present mixed or neutral signals, requiring further observation to determine potential future performance. Lester Davids Analyst: Unum Capital

Trade JSE Shares  with Unum Capital. To get started, email lester@unum.co.za Click on the image to enlarge. Readings as of the close of trade on Thursday 17 April. These are subject to change as the price action develops. Short Term (approximately 1 to 10 days) Medium Term (approximately 2 to 4 weeks) SHOULD YOU URGENTLY REQUIRE A READING FOR THE LONG TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA Lester Davids Analyst: Unum Capital

Trade the U.S. INDICES with Unum Capital To get started, email   lester@unum.co.za The horizontal lines at 40289 and 40653 (unchanged from original post) was your resistance/sell-re-entry range. It has given traders two opportunities to sell into, with the index lower again by ~1600 points! This brings the gains to ~3300 points in total. Previous Post (10 April) US30: Into The Sell Range, Now Lower 1700 to 1900 Points The horizontal lines at 40289 and 40653 (unchanged from prior post) was your resistance/sell-re-entry range. Now lower between 1700 and 1900 points! US30 Chart as of Thursday 10 April at 18h44 (S/African Time / U.S. Trading Session) Previous Post (Thursday 09 April at 06h26): Trading US30 / Dow Jones Industrial Average The Dow Jones Industrial Average (US30 Index) is current lower by around 5000 points since our last post on Thursday 13 March where we discussed the developments on the monthly charts , specifically highlighting the MACD indicator. Yesterday's session saw a continuation of Monday's rally with the price finding resistance into the declining 8-day EMA. The other key moving averages also remain in a downward trend i.e. the 21-day EMA and 50-day EMA. The 75-day EMA 21-Week EMA have also started to turn lower reflecting a turn in the medium term trend. The candle structure reflects excessive selling pressure, with the price having turned lower sharply over the past week. The break lower coincided with a re-test of the key 200-day moving average. Note that the price is nearing a re-test of the 200-week moving average , a level that was last tested in September 2022, which at the time, saw a break lower and a reclaimed for a recovering. The overshoot of the 200-week moving average would also coincide with a re-test of the previous breakout level. Highlighted on the chart are key medium term support levels. US30 Daily Chart as of Wednesday 08 April at 06h26 Previous Post (Thursday, 13 March at 06h14). U.S. Indices: Monthly MACD Developments It's worth noting that all 3 indices have a pending bearish MACD crossover as per their monthly charts. Monthly Timeframe Significance: Using a monthly timeframe means these signals are long-term. Therefore, a bearish signal on a monthly chart can indicate a potentially significant and prolonged downtrend. Dow Jones Industrial Average (DJIA) DJIA Monthly Chart as of Thursday, 13 March 06h16 S&P 500 Index (US500) US500 Monthly Chart as of Thursday, 13 March 06h14 Nasdaq 100 Index (US100) US100 Monthly Chart as of Thursday, 13 March at 06h17 Lester Davids Analyst: Unum Capital

Trade the U.S. INDICES with Unum Capital To get started, email   lester@unum.co.za The Dow Jones Industrial Average (US30 Index) is current lower by around 5000 points since our last post on Thursday 13 March where we discussed the developments on the monthly charts , specifically highlighting the MACD indicator. Yesterday's session saw a continuation of Monday's rally with the price finding resistance into the declining 8-day EMA. The other key moving averages also remain in a downward trend i.e. the 21-day EMA and 50-day EMA. The 75-day EMA 21-Week EMA have also started to turn lower reflecting a turn in the medium term trend. The candle structure reflects excessive selling pressure, with the price having turned lower sharply over the past week. The break lower coincided with a re-test of the key 200-day moving average. Note that the price is nearing a re-test of the 200-week moving average , a level that was last tested in September 2022, which at the time, saw a break lower and a reclaimed for a recovering. The overshoot of the 200-week moving average would also coincide with a re-test of the previous breakout level. Highlighted on the chart are key medium term support levels. US30 Daily Chart as of Wednesday 08 April at 06h26 Previous Post (Thursday, 13 March at 06h14). U.S. Indices: Monthly MACD Developments It's worth noting that all 3 indices have a pending bearish MACD crossover as per their monthly charts. Monthly Timeframe Significance: Using a monthly timeframe means these signals are long-term. Therefore, a bearish signal on a monthly chart can indicate a potentially significant and prolonged downtrend. Dow Jones Industrial Average (DJIA) DJIA Monthly Chart as of Thursday, 13 March 06h16 S&P 500 Index (US500) US500 Monthly Chart as of Thursday, 13 March 06h14 Nasdaq 100 Index (US100) US100 Monthly Chart as of Thursday, 13 March at 06h17 Lester Davids Analyst: Unum Capital

Trade FX: USD/ZAR  with Unum Capital. To get started, e-mail tradingdesk@unum.co.za The pair has developed an 'A-shaped' reversal, having previously advanced sharply from R18.26 on 01 April to R19.92 on 09 April. This was followed by a bearish reversal that has lead to the unwind of the ultra short term overbought conditions. At current levels, the pair trades on it's 21-day exponential moving average, which is above the 50-day EMA and below the 8-day EMA. The positioning of these moving averages temporarily support a bullish bias. Within the current retracement, which levels are key? The previous breakout at R18.46 down to the previous demand support zone at R18.27 is a next-best probability support zone over the short term. Previous Post: USD/ZAR: Retreating From Overbought; 21-EMA In Focus EDIT/FURTHER UPDATE: The pair continued it's retreat, hitting at a low of R18.81 today. Chart as of 20h26 (South African Time / U.S. Trading Session). Our view on 20 January was that R18.23 to R18.36 would be a best probability range as support or a buy re-entry range. The level held, traded slightly below, recovered, which was followed by a sharp rally to just below the R20 level. At current levels the rising 8 and 21-day makes the pair retain it's bullish bias but with the ultra short term seeing a pullback (as discussed in the previous note: Monday 07 April). In the ultra short term, a period of consolidation, with support from the 21-day EMA, is likely. Date and time of chart below: Friday 11 April at 12h49 (S/Africa). Previous Post (Monday 07 April, 11h32): USD/ZAR: Ultra Short Term Sees Poor Buy/Long Reward-To-Risk Current price action model reading + updated chart. We saw the share temporarily hold the the R18.23 to R18.36 zone before trading lower, then reclaiming it for a rally to the current multi-week highs nears R19.44. Lester Davids Analyst: Unum Capital

Trade   Commodities   with Unum Capital. To get started, email   tradingdesk@unum.co.za As per our comment on 08 April, just after the U.S market close: "Note that although the weekly structure is bearish, the short term sees the commodity trading in an oversold range which means that a rebound at or around current levels is possible. The current price action model reading is shown below" Brent Crude Oil Daily Chart as of Thursday 17 April at 18h35 Previous Post (Tuesday 08 April at 10h27, S/African Time / U.S Trading Session) Brent Crude Oil Weekly Structure A prolonged period of consolidation has been in play however, we are now seeing the bearish structure unfold as was discussed on 07 August. The updated chart, reflecting the breakdown, is as follows: Brent Crude Oil Daily Chart as of Tuesday 08 April at 21h51 (S. African Time / U.S. Trading Session) Note that although the weekly structure is bearish, the short term sees the commodity trading in an oversold range which means that a rebound at or around current levels is possible. The current price action model reading is shown below: ZOOMING OUT: Brent Crude Oil - Wednesday, 07 August 2024 REAL-TIME: 21h39 / U.S. TRADING SESSION The technical vulnerability is recognized in this flash view of the commodity's weekly chart. Here, a 'topping structure' similar to that seen in the period December 2018 to January 2020. Lester Davids Analyst: Unum Capital

OPENING THOUGHT: " Comparing this week's market breadth readings to last week's, we observe a significant shift in market conditions. The number of constituents in oversold territory has dropped dramatically from 40 to 0...the market has transitioned from a state heavily skewed towards a potential near-term buying opportunity to a more balanced condition with a significant neutral component" . This is an extract from the note: 'JSE Market Breadth: Considerable Recovery'. Read the full note here > https://www.unum.capital/post/recovery To kick off the week, the following notes have been published. Certain notes have been compiled on Friday 11 April and reflects prices as of the time of research/writing. Additional notes will be added to this page throughout the course of the week, as and when key developments and opportunities are identified. To open a trading account and/or move from your existing service provider, email   tradingdesk@unum.co.za Pairs Trade Idea: Long RESI / Short FINI Now +50% https://www.unum.capital/post/sectorpairs Sibanye Stillwater: Running +60% https://www.unum.capital/post/sixtypct 🟩 Live Commentary (Various) https://www.unum.capital/post/live16042025 Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pracmnt The 4 Trades You Missed (Including Northam Platinum) https://www.unum.capital/post/dontmissed How To Trade: Sibanye Stillwater https://www.unum.capital/post/httssw FX: GBP/USD https://www.unum.capital/post/pndllr The Share Dipped Into Oversold, Then Rallied By 29% https://www.unum.capital/post/twninepct EUR/USD Extended vs 75-EMA https://www.unum.capital/post/eurext FirstRand: Bank/Take Profit; Running 19 to 21% https://www.unum.capital/post/bankfsr US Sector Breadth: Current Leadership https://www.unum.capital/post/sctrbreadth Impala Platinum https://www.unum.capital/post/trdimp Spot Gold (XAU/USD) https://www.unum.capital/post/sptgold One Week, 11000 Points: Our Research Is Your Opportunity https://www.unum.capital/post/11000pts Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pricomm USD/ZAR: 21-EMA in Focus https://www.unum.capital/post/zarbelow19 Truworths | AVI | Woolworths https://www.unum.capital/post/truavi South 32 https://www.unum.capital/post/sthirtytwo 🟩 Live Commentary (Various) https://www.unum.capital/post/livemon1404 Absa | Old Mutual | Bidvest | Sappi https://www.unum.capital/post/volopty U.S. Dollar: Overbought to Oversold + Updated Model Reading https://www.unum.capital/post/dxyoso JSE Top 40 Index: +10000 Point + Updated Model Reading https://www.unum.capital/post/fortyten JSE Market Breadth: Considerable Recovery https://www.unum.capital/post/recovery Top 40 Index: 9000 Point Rally; Oversold To Neutral https://www.unum.capital/post/fortyntrl USD/ZAR: Zooming In (S/Term) https://www.unum.capital/post/zapullback USD/ZAR: Zooming Out (L/Term) https://www.unum.capital/post/zarplain JSE Relative Sector Summaries https://www.unum.capital/post/sectsumma US500/US30: Sharp Rally Off Risk Reading https://www.unum.capital/post/riskrally 4x High Demand / Approaching Overbought (Weekly (T/F)   https://www.unum.capital/post/hidmnd 5x Overbought (Weekly (T/F)   https://www.unum.capital/post/fiveobo   Standard Bank: Actionable Areas https://www.unum.capital/post/sbkacta Mondi Plc: Actionable Areas https://www.unum.capital/post/mnpaction MTN Group: Actionable Areas https://www.unum.capital/post/mtnactionable Spar | Northam Platinum | Shoprite https://www.unum.capital/post/actionareas High Impact: U.S. Relative Sector Analysis https://www.unum.capital/post/usrelsect Richemont: Short/Long; Gap Filled + Rebound https://www.unum.capital/post/cfrebound Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pricmt 14 Months Later It's Higher By 50% https://www.unum.capital/post/stxresfifty JSE Gold Miners: Two Charts of Interest https://www.unum.capital/post/goldmnrs Update: VanEck Junior Gold Miners (GDXJ) Approaching Target https://www.unum.capital/post/gdxj-etf Update: VanEck Gold Miners ETF (GDX): Running 42% https://www.unum.capital/post/gdxforty Power Moves: S hoprite, African Rainbow, Impala & More...   https://www.unum.capital/post/powermoves DRD Gold: Running 80 to 85%, Exceeding Price Target https://www.unum.capital/post/drd80 Missed Last Week's Research?  (07 - 11 April). Catch Up Below: JSE Top 40 Index https://www.unum.capital/post/fortyneutral Trading US30: Lower by 1700 - 1900 Points https://www.unum.capital/post/dowdown Six Research Notes Which Helped Our Clients This Week https://www.unum.capital/post/noteshelp Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pacomments Our Research, Your Opportunity: Nasdaq Rallies +10% https://www.unum.capital/post/oppspot Brent Crude Oil: Ultra Short Term Traders Score 7 to 10% https://www.unum.capital/post/brentsvn Trading US500 / S&P 500 Index / https://www.unum.capital/post/trdeus500 Trading Naspers https://www.unum.capital/post/trading-naspers Trading US Dollar / Japanese Yen https://www.unum.capital/post/yenlower Trading Sibanye Stillwater https://www.unum.capital/post/sswnineapril Market Risk Index: The Weekly Reading Is Worth Noting! https://www.unum.capital/post/weeklyrisk Trading US30 Index / Dow Jones https://www.unum.capital/post/trus30 Brent Crude Oil: Weekly Structure https://www.unum.capital/post/brntwkly Trading Richemont https://www.unum.capital/post/richerebound JSE Top 40 Extending Gains (+8% or +5800c Points) https://www.unum.capital/post/fortyextend Traders Score With FirstRand https://www.unum.capital/post/fsr13 Trading Capitec Bank https://www.unum.capital/post/capitecaa Traders, Did You Notice This? https://www.unum.capital/post/notice Trading South 32 https://www.unum.capital/post/thirtytwo Trading Silver (XAG/USD) https://www.unum.capital/post/tradingsilv Overbought...Then Lower By 3000c https://www.unum.capital/post/obo3000 Trading EUR/USD https://www.unum.capital/post/eurft Trading Spot Gold (XAU/USD) https://www.unum.capital/post/xauretreat JSE Top 40 Index: Oversold Reading Unwinds... https://www.unum.capital/post/fortyrebound Breadth Data: Oversold Goes From 40 Shares To ... https://www.unum.capital/post/breadthreward For The Session, Platinum Miners... https://www.unum.capital/post/pgmlead USD/ZAR: Ultra Short Term Sees... https://www.unum.capital/post/zarrewardrisk FirstRand Generating Cash, Rebounding 7% https://www.unum.capital/post/firstcash Prosus Generating Cash With A 5200c Rebound https://www.unum.capital/post/prosusgen April 2025: Volatility Equals Opportunity https://www.unum.capital/post/volopportunity Russell 3000 Breadth: These Charts Help Us Understand... https://www.unum.capital/post/rus3k *Helping Clients Manage Risk https://www.unum.capital/post/mngrisk *High Impact: JSE Relative Sector Ratings https://www.unum.capital/post/relasec *High Impact:   U.S. Relative Sector Analysis https://www.unum.capital/post/ussectora Market Risk Index: Weekly & Monthly Time Frames   https://www.unum.capital/post/riskindex S&P 500: Bear Target Reached. 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On Tuesday 10 December, our research highlighted a 33% spread between Resources (via STXRES) and Financials (STXFIN), with the comment as follows: "For traders who employ a market neutral strategy, this may be an opportunity to sell Financials and buy Resources ." Since then, the ratio is higher by 51%. Well done to clients who may have capitalized on the opportunity to trade. To open a trading account and/or move from your existing service provider, email   tradingdesk@unum.co.za Two Sectors With A 6-Month, 33% Spread Tuesday 10 December 2024 (Time: Pre-Market) Link To Original Post: https://www.unum.capital/post/two-sectors-with-a-6-month-33-spread Over a period of 6 months, the STXFIN (Financials) is higher by 30% while the STXRES (Resources) is lower by 3.72%. For traders who employ a market neutral strategy, this may be an opportunity to sell Financials and buy Resources. Related Posts: BHG https://www.unum.capital/post/bhp-group-in-terms-of-relative-positioning-this-chart-is-important EXX https://www.unum.capital/post/exxaro-resources-a-positive-response-to-the-fd-s-pre-close-message Lester Davids Analyst: Unum Capital

To trade with Unum Capital, email   lester@unum.co.za To access a note, click on the text/link. Alternatively, visit   https://unum.capital/blog/ Idea Generation: Our Capabilities (Non-Comprehensive) INSURERS: Generating Cash Flow For Active Traders https://www.unum.capital/post/insurers-cash Trading SLM: ' We Had An Opportunity To Build A Position’   https://www.unum.capital/post/slm-build Trading DSY: 'We Had An Opportunity To Build A Position’   https://www.unum.capital/post/reward-to-risk Trading FSR: ' We Had An Opportunity To Build A Position’   https://www.unum.capital/post/fsr-oneday Spotting A Short/Sell Opportunity In A South African Retailer Global Opportunities: Netflix: A Multi-Month Winner Global Opportunities: Catching The Wave In Artificial Intelligence Active Trading Opportunities ➜   Trading BTI: Higher By R200 (+37%) Over 13 Months Tool of the Trade: Real-Time Example Automated Insights: Northam Platinum As A Real-Time Example Tool of the Trade: Real-Time Examples B.A Tobacco  | Gold Shares  | Impala Platinum  | Absa  | Discovery    Tool of the Trade: Real-Time Example: FirstRand Has Rebounded By 7%. 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https://www.unum.capital/post/us-relative-sector Trading Harmony Gold: Now Lower By 20% https://www.unum.capital/post/har-20pct JSE Top 40 Risk Communicated. Now -2300 Points https://www.unum.capital/post/forty-2300 Spot Gold: Zooming Out https://www.unum.capital/post/gold-zooming-out JSE Relative Sector Ratings https://www.unum.capital/post/jse-relative-sect-1 Running: Above R70 (& +46%) - Don't Miss The... https://www.unum.capital/post/out-extended Sibanye Stillwater: Long Term Cycle https://www.unum.capital/post/ssw-long-term Anglogold Ashanti: Zooming Out https://www.unum.capital/post/ashanti-unwind Monthly Market Sentiment https://www.unum.capital/post/monthly-sentiment Developed Markets ETF https://www.unum.capital/post/dmvalue-etf Old Mutual: Inexpensive vs Broader Market https://www.unum.capital/post/omu-relative ARI vs Top 40: Key Range https://www.unum.capital/post/key-range-worth-noting-ari-vs-top-40 JSE Chemicals: Relative Improvement https://www.unum.capital/post/chemicals-improving Week: 24 - 28 February Global Ideas: Deutsche Boerse Running +14% https://www.unum.capital/post/deutsche-running Impala Platinum: Summary of Half-Year Earnings https://www.unum.capital/post/imp-result-summary Global Ideas: Yum China https://www.unum.capital/post/global-ideas-yum-china Global Ideas: iShares Asia 50 ETF https://www.unum.capital/post/aia-etf Trading ACEI: Running +14% https://www.unum.capital/post/aeci-running Trading Harmony Gold: Now Lower by 2900c (or -13%) https://www.unum.capital/post/har-13-pct INSURERS: Generating Cash Flow For Active Traders https://www.unum.capital/post/insurers-cash Trading Momentum-Metropolitan: Running +14% https://www.unum.capital/post/mtm-9pct Trading Old Mutual: Running +10% - Consider Reducing... https://www.unum.capital/post/omu-running-10pct Trading African Rainbow Minerals: Model - Oversold/Attractive Range https://www.unum.capital/post/ari-live Brent Crude Oil: Pullback In Line With Model (-10%) https://www.unum.capital/post/trad-brent Nike: Running +14% https://www.unum.capital/post/nike-running U.S. Dollar Shorts: In The Money https://www.unum.capital/post/dxy-money Trading Momentum-Metropolitan https://www.unum.capital/post/momentum-covergence Trading Anheuser-Busch Inbev https://www.unum.capital/post/trading-anh Trading African Rainbow Minerals https://www.unum.capital/post/trading-african-rainbow Trade Idea: Buy AVI https://www.unum.capital/post/trade-idea-avi Most Aggressive Buyers/Sellers https://www.unum.capital/post/during-last Global Ideas: Sanofi https://www.unum.capital/post/sanofi Trading Netcare: Generating Cash https://www.unum.capital/post/netcare-gen-cash Trading Apple Inc: Basing Versus Equally-Weighted Technology https://www.unum.capital/post/aapl-rspt Trading Spot Gold: Sellers Becoming Active https://www.unum.capital/post/spot-gold-sellers Update: Trading Truworths https://www.unum.capital/post/tru-update Yield Down, Price Up. Well Done Bond Buyers https://www.unum.capital/post/well-done-bonds Trading Growthpoint Properties https://www.unum.capital/post/trading-growthpoint-properties Re-Emerging Momentum: VanEck Pharmaceuticals ETF https://www.unum.capital/post/pph-etf Trading Absa | Remgro https://www.unum.capital/post/absa-remgro Trading Naspers & Prosus https://www.unum.capital/post/trading-naspers-prosus Trading JSE Top 40 Index (-1400 Points) https://www.unum.capital/post/forty-1400-pts Buy Idea: Get Ready To Trade https://www.unum.capital/post/buy-get-ready Global Ideas: Kongsberg Gruppen https://www.unum.capital/post/kongsberg-gruppen Japan Value ETF: Appealing Valuations + Technically Constructive https://www.unum.capital/post/ewjv-etf Kumba Iron Ore | South 32 https://www.unum.capital/post/kumba-s32 Trading Sasol: Running +20% https://www.unum.capital/post/sasol-run-20pct Trading Old Mutual: Running +8% https://www.unum.capital/post/omu-running-8pct 10 Points: Prosus Agrees To Acquire Just Eat https://www.unum.capital/post/prosus-just-eat U.S. Sector Ratings https://www.unum.capital/post/us-sectors JSE Sector Ratings https://www.unum.capital/post/sector-rate Global Ideas: Altria https://www.unum.capital/post/idea-altria AngloGold Ashanti | Gold Fields | Harmony Gold https://www.unum.capital/post/trad-gold-miners Trading S&P 500 Index https://www.unum.capital/post/trade-spx500 Market Sentiment https://www.unum.capital/post/market-sent Trading Dis-Chem https://www.unum.capital/post/trade-dcp Absa | Capitec | FirstRand | Nedbank | Standard Bank https://www.unum.capital/post/sa-banks Green in a Sea of Red https://www.unum.capital/post/sea-red Tencent | Naspers | Prosus https://www.unum.capital/post/tencent-naspers-prosus Talk of the Town...Higher By 95% https://www.unum.capital/post/baba-talk Trading U.S. Home Construction ETF https://www.unum.capital/post/itb-etf Global Utilities ETF: Re-Emerging Momentum https://www.unum.capital/post/jxi-etf Trading Sanlam (Longs Getting Paid +10%) https://www.unum.capital/post/slm-get-paid Trading: Data Centre ETF Now +10% https://www.unum.capital/post/data-centre-etf Watch The R70 Level https://www.unum.capital/post/watch-7000c OUTsurance | Tiger Brands | BHP Group https://www.unum.capital/post/out-tbs-bhg iShares U.S. Consumer Staples ETF https://www.unum.capital/post/iyk-etf Positioned For Alpha: Sector Down 20% Over 6 Weeks https://www.unum.capital/post/cons-discr 2x Oversold Weekly T/Frame https://www.unum.capital/post/oversold-weekl 19x Strong Weekly T/Frame https://www.unum.capital/post/strong-weekly 7x High Bullish Mo / Approaching Overbought https://www.unum.capital/post/hibullmo-weekly 1x Weekly Overbought https://www.unum.capital/post/weekly-ob iShares Core High Dividend ETF https://www.unum.capital/post/hdv-etf Dimensional Emerging Markets Value ETF https://www.unum.capital/post/dfev-etf Week 17 - 24 February AECI Surge + Highest YTD Volume https://www.unum.capital/post/aeci-surge ... And Now Vodacom (650c to 700c) https://www.unum.capital/post/now-vod Trading AngloGold Ashanti: Volatility Equals Opportunity https://www.unum.capital/post/ang-volatile Trading Mondi: Managing Risk https://www.unum.capital/post/mondi-manage U.S. Factor Performance + Summary https://www.unum.capital/post/us-factperf Trading: Top 40 - Deteriorating Candle Structure https://www.unum.capital/post/top-forty Trading Thungela: Model Reading + Levels To Note https://www.unum.capital/post/trade-tga Unum Capital On Bloomberg https://www.unum.capital/post/unum-bloomberg Trading AngloGold Ashanti: Generating Cash (-8300c or -13%) https://www.unum.capital/post/ang-13pct Nebius: European A.I (Running +47% Over 6 Weeks) https://www.unum.capital/post/nbis-running Trading Absa: Generating Cash (+1200c to 1300c) https://www.unum.capital/post/abg-1300 Invesco Developed Markets Momentum ETF https://www.unum.capital/post/idmo-etf Price Action: Trading Standard Bank | Glencore https://www.unum.capital/post/readings-19-feb Technical Screen: Adcock Ingram & Thungela Resources https://www.unum.capital/post/adcock-thungela 7x Shares: High Bullish Mo / Approaching O/bought (Daily T/F) https://www.unum.capital/post/hibullmo7x 4x Shares: Overbought (Daily T/F) https://www.unum.capital/post/overbough4x Trading SLM: ' We Had An Opportunity To Build A Position’ https://www.unum.capital/post/slm-build Trading DSY: 'We Had An Opportunity To Build A Position’ https://www.unum.capital/post/reward-to-risk Trading FSR: ' We Had An Opportunity To Build A Position’ https://www.unum.capital/post/fsr-oneday Trading Netcare & Life Healthcare https://www.unum.capital/post/trading-ntc-lhc Price Action: Trading Nvidia | Apple | JP Morgan https://www.unum.capital/post/nvda-aapl-jpm BTI Has Declined By ~R70 or (-9%) https://www.unum.capital/post/bti-9pct Price Action: Trading MRP | Foschini | South 32 | Naspers https://www.unum.capital/post/pamodel-1802 Trading Spot Gold (XAU/USD) https://www.unum.capital/post/spot-gold-1 European Autos Running: MBG (+15%) & BMW (+21%) https://www.unum.capital/post/auto-mbg-bmw SA Equities: Trading Commentary (Full Coverage) https://www.unum.capital/post/all-shares-ttg Trading Food Retailers https://www.unum.capital/post/trade-food-retail-1 Global Ideas: ASX Ltd https://www.unum.capital/post/asx-ltd 2x Shares: Overbought (Daily Time Frame) https://www.unum.capital/post/ov-bought x4 Shares: High Bullish Mo / Approaching O/bought (Daily T/F) https://www.unum.capital/post/hibull-mo Trading Gold Fields: Share Decline In Line (-2000c) https://www.unum.capital/post/gfi-pullback-2000c Trading Harmony Gold: Share Decline In Line (-10%) https://www.unum.capital/post/har-10pct Global Ideas: Nintendo Running +24% https://www.unum.capital/post/nintendo-running Global Ideas: Buy Fiserv https://www.unum.capital/post/buy-fiserv Global Ideas: Brazil is Booming +11% & 9 out of 584 YTD https://www.unum.capital/post/brazil-boom JSE Relative Sector Ratings https://www.unum.capital/post/jse-relative-sect Platinum: Zooming Out https://www.unum.capital/post/platinum-zoom Global Ideas: Airbnb - Earnings Revisions & Upgrades Coming? https://www.unum.capital/post/airbnb Trading Harmony: Declining By Over 1250c https://www.unum.capital/post/har-channel Trading USD: Unwinding From S/T Overbought https://www.unum.capital/post/usd-weaker Trading MTN Group: Generating Cash (600 to 700c) https://www.unum.capital/post/mtn-gen Trading: Satrix Resources. 1 Year Later +30% https://www.unum.capital/post/stxres-30pct Trading Diversified Miners: A Thousand Words https://www.unum.capital/post/miners-thousand-words Price Action Probabilities: Anglo's, BHP Group & Glencore https://www.unum.capital/post/prob-anglo-glencore SA Equities: Trading Commentary (Full Coverage) https://www.unum.capital/post/jse-eqcom Tiger Brands: Unwinding From Overbought https://www.unum.capital/post/tiger-unwind Trading Shoprite https://www.unum.capital/post/shp-get-ready Trading FirstRand https://www.unum.capital/post/trading-fsrand Trading Dis-Chem Pharmacies https://www.unum.capital/post/trading-dcp Trading Note: Gold Fields https://www.unum.capital/post/trade-note-gfi Trading Sibanye Stillwater https://www.unum.capital/post/trading-sstillwater Premium Chart Of The Week https://www.unum.capital/post/premium-post-buy-idea Trading Tencent: Now +33% & Technical Target https://www.unum.capital/post/the-target Trading JSE Banks: Positioned For Alpha https://www.unum.capital/post/jsebanks-5mlow Trading Nu Holdings (EM Fintech) https://www.unum.capital/post/nu-holdings Trading Alibaba: New Highs +70% https://www.unum.capital/post/trade-baba Global Ideas: Universal, Warner & Tencent Music https://www.unum.capital/post/sound-money Palantir Technologies: Standout Performer https://www.unum.capital/post/pltr-tech Trading CrowdStrike: A +98% Rally To All-Time Highs https://www.unum.capital/post/crwd-98pct 5x Shares: Overbought (Weekly T/F) https://www.unum.capital/post/overbought-weekly 4x Shares: High Bullish Mo / Approaching O/Bought (Weekly T/F) https://www.unum.capital/post/hbullmo-week 9x Shares: High Bearish Mo/Approaching O/Sold (Weekly T/F) https://www.unum.capital/post/hbearmo-week 3x Shares: Oversold (Weekly T/F) https://www.unum.capital/post/oversold-week Week 10 - 14 February Global Ideas: Grab The Opportunity https://www.unum.capital/post/_grab Trading Naspers: +R900 (+26%) Over 4 Weeks https://www.unum.capital/post/npn-900 Trading Prosus: In A Short Term Overbought Range https://www.unum.capital/post/prx-overbought Sell: R196 to R191 - Anyone Take This Trade? https://www.unum.capital/post/dsy-get-shorty Trading JSE Top 40: Currently +7300 Pts / Reduce https://www.unum.capital/post/forty-7300-pts Trading MTN: Resistance Holding For Now https://www.unum.capital/post/mtn-resist Your Nestle Trade: A Nice Rally! https://www.unum.capital/post/nestle-rally Trading Mercedes Benz (+15%) & BMW (+18%) https://www.unum.capital/post/euro-auto Siemens: Target Reached at €220 https://www.unum.capital/post/sie-target Trading Foschini: Generating Cash For Short Term Traders https://www.unum.capital/post/tfg-bounce Trading BTI - Well Done Short Sellers https://www.unum.capital/post/trading-batobacco Trading Sasol: Running +13% to 17% https://www.unum.capital/post/sasol-running Global Ideas: Update on Cisco Systems (Running+13%) https://www.unum.capital/post/cisco-earnings SA Equities Trading Commentary (Full Coverage) https://www.unum.capital/post/trading-comment Trade Idea: Buy Boxer Retail https://www.unum.capital/post/trade-idea-box Trading Note: Momentum-Metropolitan https://www.unum.capital/post/tnote-mtm Trading Note: AngloGold Ashanti https://www.unum.capital/post/tnote-ang Global Ideas: Update on Heineken https://www.unum.capital/post/update-heineken Trading Exxaro Resources https://www.unum.capital/post/trading-exx-resources Trading Nedbank https://www.unum.capital/post/trading-ned Global Ideas: Atmos | Haleon | Thales | Inditex | Xylem https://www.unum.capital/post/global-ideas-atmos-more Trading Naspers: Boosted By Chinese Tech. Now R670 (+18%) https://www.unum.capital/post/naspers-china-tech Market Sentiment: Unwinding, Neutral to Weak https://www.unum.capital/post/market-sent-neutral-to-weak Worth Noting: Early Strength In Consumer Staples https://www.unum.capital/post/consumer-staples-strength Trading Helca Mining / Pan American Silver & More https://www.unum.capital/post/helca-paas Trading AngloGold Ashanti https://www.unum.capital/post/trading-ang 6x Overbought https://www.unum.capital/post/overbought-daily-tf 7x Shares: High Bullish Mo / Approaching Overbought https://www.unum.capital/post/hbullmo Global Ideas: Shell Plc https://www.unum.capital/post/shell-plc Trade Idea: Buy Truworths https://www.unum.capital/post/trade-idea-tru Trading: U.S. Infrastructure ETF https://www.unum.capital/post/pave-etf Glencore: Manage Risk via the Monthly Chart https://www.unum.capital/post/glencore-monthly Trading JSE Ltd: Multi-Year Base + Finding Momentum https://www.unum.capital/post/jse-ltd Trading Spot Platinum (XPT/USD) https://www.unum.capital/post/platinum-xpt-usd Trading Spot Gold (XAU/USD) https://www.unum.capital/post/spot-xauusd Data Centre & Digital Infrastructure ETF https://www.unum.capital/post/dtcr-etf Trading Harmony Gold: Channel Check https://www.unum.capital/post/har-channel-check 6x Shares: High Bullish Mo / Approaching Overbought https://www.unum.capital/post/hbull-momentum Trading Sasol: Worth Noting - Above Average Volume https://www.unum.capital/post/sol-volume Trading EUR/USD https://www.unum.capital/post/trading-eur-usd Trading Shoprite https://www.unum.capital/post/shoprite-persistent-weak-model Trading African Rainbow Minerals: Running +10% https://www.unum.capital/post/ari-running-9pct Trading Telkom https://www.unum.capital/post/telkom Trading Sappi https://www.unum.capital/post/sappi-get-ready Trading Discovery: Generating Cash +1800c to 2000c https://www.unum.capital/post/dsy-rally-note-model Trading Invesco Commodity Index Tracking Fund https://www.unum.capital/post/dbc-etf Trading U.S. Technology : Relative Weakness Emerging https://www.unum.capital/post/xlk-spy-etf Trading US Financials: Relative Strength vs SPY https://www.unum.capital/post/iyg-spy-etf Trading Van Eck Gold Miners ETF https://www.unum.capital/post/trading-van-eck-gold-miner-etf Trading Invesco Precious Metals Fund https://www.unum.capital/post/dbp-etf Trading SPDR S&P Bank ETF https://www.unum.capital/post/kbe-etf Trading Sasol: Zooming Out https://www.unum.capital/post/sasol-zoom-out Unum Capital On Bloomberg https://www.unum.capital/post/unum-cap-bloomberg Trading Commodities: Teucrium Wheat Fund https://www.unum.capital/post/weat-etf Trading Global X Uranium ETF https://www.unum.capital/post/uranium-etf Trading Truworths: Strategy Alert https://www.unum.capital/post/tru-strategy 5 Long Term Readings Worth Noting https://www.unum.capital/post/long-term-model-readings Strategy: Opportunities At The 21-Week https://www.unum.capital/post/strategy-pph Global X Copper Miners ETF https://www.unum.capital/post/copper-miners-etf New Gold (GLD) Reaches 50,000 https://www.unum.capital/post/new-gld-issuer Trading Uber: Running +25% https://www.unum.capital/post/uber-25-pct Trading European Equities (Stoxx 600) https://www.unum.capital/post/sxxp-new-highs Trading JSE Banks https://www.unum.capital/post/jse-banks-model JSE Relative Sector Ratings https://www.unum.capital/post/abg-cash-flow Trading Absa: Generating Cash Flow (x2) https://www.unum.capital/post/abg-cash-flow Trading Thungela: Generating Cash https://www.unum.capital/post/tga-volatility Trading Foschini +500c Rally https://www.unum.capital/post/tfg-500c-rally 8x Shares: Overbought https://www.unum.capital/post/overbought-monday-10-feb 4x Shares: High Bullish Mo / Approaching Overbought https://www.unum.capital/post/hbullm-monday-10-feb 2x Shares: High Bearish Mo / Approaching Oversold https://www.unum.capital/post/hbearm-monday-10-feb Trading Alibaba Group https://www.unum.capital/post/baba-monday-10-feb Week 03 - 07 February Trading AVI: Long/Short https://www.unum.capital/post/avi-friday-07-feb 2x Shares: Sellers Becoming Active https://www.unum.capital/post/seller-active-friday-07-feb +4% On The Day. Here's What Happened Next https://www.unum.capital/post/nph-friday-07-feb Trading Diversified Miners https://www.unum.capital/post/miners-friday-07-feb Trading: Satrix Resources. Now +25% https://www.unum.capital/post/stxres-friday-07-feb Copper Futures https://www.unum.capital/post/copper-friday-07-feb Invesco Dorsey Wright HealthCare Momentum ETF https://www.unum.capital/post/pth-friday-07-feb Trading Mondi: Full Target Reached (+10%). Take Profit https://www.unum.capital/post/mnp-thursday-06-feb 7x Shares: Overbought https://www.unum.capital/post/overbought-thursday-06-feb Trading BHP Group https://www.unum.capital/post/bhg-thursday-06-feb Trading Capitec Bank: Running +9% https://www.unum.capital/post/cpi-thursday-06-feb Trading FirstRand https://www.unum.capital/post/fsr-thursday-06-feb Trading JSE Top 40 Index: +5000 Points https://www.unum.capital/post/topforty-thursday-06-feb Market Breadth Data https://www.unum.capital/post/breadth-thursday-06-feb Trading US Fixed Income: In The Money https://www.unum.capital/post/usbonds-wednesday-05-feb Trading US Dollar https://www.unum.capital/post/dxy-wednesday-05-feb Trading Netcare: Running +6% https://www.unum.capital/post/ntc-wednesday-05-feb Trading Discovery: Long/Short https://www.unum.capital/post/dsy-wednesday-05-feb Trading Old Mutual: Running +6% https://www.unum.capital/post/omu-wednesday-05-feb Trading Richemont: https://www.unum.capital/post/cfr-wednesday-05-feb Trading Silver (XAG/USD) https://www.unum.capital/post/silver-wednesday-05-feb Trading CrowdStrike. Now Above $400 https://www.unum.capital/post/crwd-wednesday-05-february Trading Spotify & Palantir https://www.unum.capital/post/spot-pltr-wednesday-05-feb Trading Woolworths: Institutional Accumulation? / +400c https://www.unum.capital/post/whl-wednesday-05-feb Trading: Amplats / NED / VOD https://www.unum.capital/post/trading-ams-ned-vod-wednesday-05-feb 7x Shares: Overbought https://www.unum.capital/post/overbought-wednesday-05-feb 2x Shares: Oversold https://www.unum.capital/post/oversold-wednesday-05-feb Buyer/Seller Dominance https://www.unum.capital/post/buyselldom-wednesday-05-feb Trading: Uber Technologies, Now +14.5% https://www.unum.capital/post/uber-tuesday-04-feb A Trade You Missed https://www.unum.capital/post/trade-you-missed Trading Netcare https://www.unum.capital/post/ntc-tuesday-04-feb Trading Impala Platinum: 8-EMA Cash Flow https://www.unum.capital/post/imp-tuesday-04-feb Trading Foschini (TFG) https://www.unum.capital/post/tfg-tuesday-04-feb Trading Reinet Investments https://www.unum.capital/post/rni-tuesday-04-feb JSE Gold Miners: Where To From Here? https://www.unum.capital/post/jse-gold-tuesday-04-feb Trading DRD Gold: Bank/Take Profit https://www.unum.capital/post/drd-tuesday-04-feb Buyer/Seller Dominance https://www.unum.capital/post/buyselldom-tues-04-feb Market Sentiment: Unwinding, Neutral to Weak https://www.unum.capital/post/sentiment-monday-03-feb Unum Capital On Bloomberg (Monday, 03-Feb) https://www.unum.capital/post/unum-bbg-03-feb Positioned For Alpha: Sector Outperforming +14% https://www.unum.capital/post/positioned-alpha-sector-14pct 3x Shares: Overbought https://www.unum.capital/post/overbought-monday-03-feb 7x Shares: Oversold https://www.unum.capital/post/oversold-monday-03-feb Trading USD/ZAR (Rand Weakens 74c) https://www.unum.capital/post/usdzar-monday-03-feb 3x Shares Rally Between 30% & 42% https://www.unum.capital/post/jse-gold-monday-03-feb JSE Relative Sector Ratings https://www.unum.capital/post/relative-sector-02-feb Trading Meta Platforms (FB): 'Sellers Becoming Active' https://www.unum.capital/post/meta-sellers-01-feb Trading JSE Banks / Clients Positioned For Alpha https://www.unum.capital/post/trading-jse-banks01-feb JSE Chemicals: 20-Year Relative Low https://www.unum.capital/post/jse-chem-01-feb Consumer Disc. / Clients Positioned For Alpha https://www.unum.capital/post/positioned-for-alpha-01-feb Trading JSE Coal Miners https://www.unum.capital/post/trade-coal-miners-01-feb Trading Platinum Miners https://www.unum.capital/post/trading-pgm-01-feb Trading Palladium: 2x Opportunity https://www.unum.capital/post/trading-palladium-01-feb Trading Gold https://www.unum.capital/post/trading-gold-01-feb Trading Naspers https://www.unum.capital/post/trading-npn-01-feb Week Commencing Monday 27 January Trading Bid Corp https://www.unum.capital/post/trading-bid-corp Trading JSE Top 40 Index: +4300 Points https://www.unum.capital/post/tforty-4300-points Trading USDZAR https://www.unum.capital/post/trading-usdzar Trading Northam Platinum: Long/Short https://www.unum.capital/post/trading-nph-ls Trading Mondi Plc: In The Money (+2000c) https://www.unum.capital/post/tradie-mnp-2000c Trading MTN Group: Short Sellers Generating Cash https://www.unum.capital/post/trading-mtn-sell-range Trading DRD Gold https://www.unum.capital/post/trading-drd Trading Silver https://www.unum.capital/post/trade-silver-31-jan 2x Shares: Overbought On The (Weekly T/F) https://www.unum.capital/post/ob-week-end-31-jan 3x Shares: High Bearish Momentum (Weekly T/F) https://www.unum.capital/post/hbearm-weekend-31-jan 8x Shares: High Bullish Momentum (Weekly T/F) https://www.unum.capital/post/hbullm-weekend-31-jan Global Ideas: Starbucks Corp > https://www.unum.capital/post/global-ideas-sbux Trading: Food Retailers > https://www.unum.capital/post/trade-food-retail Trading Truworths: Consider Covering Short Positions > https://www.unum.capital/post/tru-cover-shorts Unum Capital On Bloomberg (Thursday, 30-Jan) > https://www.unum.capital/post/unum-bbg-30-jan Trading Kumba Iron Ore > https://www.unum.capital/post/trad-kio-30-jan Market Sentiment: Approaching... > https://www.unum.capital/post/sentiment-unwinding-neutral Trading Exxaro Resources: Insights From The Model > https://www.unum.capital/post/trade-exx-model Trading Aspen Pharmacare: In The Money (+1000c) > https://www.unum.capital/post/trading-apn-900 Trading Absa: R10 Higher From Buy Re-Entry Range > https://www.unum.capital/post/abg-r10-higher Trading Brent Crude Oil: Pullback In Line With Model > https://www.unum.capital/post/brent-pullback SA Equities: Trading Commentary (Full Coverage) > https://www.unum.capital/post/jse-trad-com-29-jan Trading Clicks: Rebounding 2700c > https://www.unum.capital/post/trading-clicks-rebound Trading JSE Top 40 Index: +3600 Points > https://www.unum.capital/post/t40-3600-pts Trading Northam Platinum > https://www.unum.capital/post/trading-nph 4x Shares: High Bullish Momentum > https://www.unum.capital/post/hbullm-29-jan 8x Shares: High Bearish Momentum > https://www.unum.capital/post/hbearm-29-jan 5x Shares: Most Overbought > https://www.unum.capital/post/overbought-29-jan Trading FX: EUR/USD > https://www.unum.capital/post/trading-fx-eur-usd Trading Prosus: Long/Short > https://www.unum.capital/post/prx-long-short Trading Old Mutual: Generating Cash Flow > https://www.unum.capital/post/trade-omu-cash Trading Meta Platforms (Facebook): Full Target Reached > https://www.unum.capital/post/trading-fb Trading TFG: Levels Traders Used To Short/Sell > https://www.unum.capital/post/trading-tfg Trading Amazon Inc Trading British American Tobacco: In Short Term Overbought Territory Trading Bid Corp: After A 4500c Rebound, This Is The Next Key Level To Monitor Trading Mr. Price: Let's Find The Next R10 SA Equities: Trading Commentary (Full Coverage) Trading Woolworths: Active Traders Banking Nearly 300c! Access ETFs: Invesco S&P SmallCap Health Care ETF Access ETFs: iShares U.S. Pharmaceutical ETF Trading Truworths: Here's What You Need To Know Trading Sanlam: Actionable Areas (+Price Action Model) Trading Discovery: R20 Lower, Consider Covering Short Position / Banking Partial Profits Woolworths: Key Points From It's Trading Update & Trading Statement SA Equities: Trading Commentary (Full Coverage) 4x Shares: Most Overbought On The Daily Time Frame 7x Shares: Most Oversold On The Daily Time Frame Trading USD/ZAR: Long Positions Generating Cash Flow Trading ETFs: 'Healthy' Gains As Rotation Continues Trading Absa Group: Generating Cash For Active Traders Trading Commodities (Coffee) Trading MTN Group: Upward Momentum Slowing + Poor Buy/Long Reward-To-Risk Trading British American Tobacco: Higher By R200 (+37%) Over 13 Months Trading Mondi Plc: Buy Idea Currently In The Money (+1700c). Consider Banking Partial Profits. Trading: The Foschini Group (TFG) Actionable Areas Trading USD/ZAR: Into The Support Range, Then Rally Trading: Naspers' Model = Small Rebound. Now Higher By +R233 (+6.4%) NextEra Energy: Natural Gas & Nuclear For Artificial Intelligence Trading Setups via Strategy Screens Trading: Shoprite Holdings (SHP) Trading: African Rainbow Minerals (ARI) Trading: Spot Gold (XAU/USD) Trading: Clicks Group (CLS) Trading: The Foschini Group (TFG) Trading: Sibanye Stillwater (SSW) Price Action Model Readings: JSE Banks SA Equities: Trading Commentary (Full Coverage) Satrix Resources Portfolio: Bullish (Positive) Continued Trading Naspers: Cash Flow For Active Traders (+Price Action Model Reading) In Just Over Two Weeks, The Share Rallied By 33%. Let’s Find The Next One. U.S. DOLLAR INDEX Unwinding From Short Term Overbought (In Line With Model Reading) Week Commencing Monday 20 January TECHNICAL SUMMARY See Which Shares Are Overbought/Oversold On A Weekly Time Frame META PLATFORMS Higher By 23% / Approaching Full Target / Reduce Into Strength Getting Paid: For Active Traders, Standard Bank Delivers On The Long & Short Side Richemont: Relative To The JSE Top 40 Index, The Share Is Approaching Overbought JSE Insurers: Unwinding From The Overbought Conditions On The Monthly Time Frame FX: The Euro (EUR) Is Continuing It's Bullish Reversal. This Is The Current Model Reading JSE RELATIVE SECTOR RATINGS Healthcare, Technology, Platinum Miners & More The US Dollar / Rand Is Approaching Short Term Support Update On Sector Rotation Trade: Diversified Miners vs Banks Mr. Price Share Decline Helps Active Traders Get Paid European Financials: Attractive Valuations + Improving Technical Structure [Global Ideas] Coinbase Global For Clients Trading Aspen Pharmacare, Here's What You Should Know Strategy Alert: MTN Group Short Sellers Are Getting Paid. Discovery: 2-Month Low + Unwind From Overbought (Now 1500c lower). How To Trade: Capitec Bank Event Risk: Sasol Production Update Pushes Share Lower Kumba Iron Ore: Declining Close To R20 (R368 to R349) How To Trade: Absa Group (ABG) SA Equities: Trading Commentary (Full Coverage) [Global Ideas] NU Holdings: Strong Rally Off Oversold Levels / Now +18.5% iShares Global Industrials ETF (EXI) Price Action Model: Sappi / Mondi / Naspers / Prosus / Richemont / BTI TECHNICAL SUMMARY See Which Shares Are Overbought/Oversold On A Daily Time Frame During The Last Session, Buyers & Sellers Were Most Aggressive In These Shares JSE Banks Trading At A 3-Month Relative Low NETFLIX All-Time High Following Strong Results Siemens: Approaching Technical Target Adidas: Reporting Higher Revenue & Profit + Approaching Technical Target Harmony Gold: The Buy/Long Reward-To-Risk Is Unappealing How To Trade: Sasol Ltd (SOL) SA Equities: Trading Commentary (Full Coverage) Update: Firstrand’s Bullish Reversal Helps Traders Generate Cash Flow How To Trade: Gold Fields (GFI) TECHNICAL SUMMARY See Which Shares Are Overbought/Oversold On A Daily Time Frame During The Last Session, Buyers & Sellers Were Most Aggressive In These Shares Woolworths: Candle Structure Mixed, But This Pattern Sparks My (Early) Interest DAX Index: 3000 Point Rally / Now  In An Overbought Range / Negative Divergence Clicks Now R45 Lower. Well Done Traders Global Idea: Cheniere Energy Partners (CQP) MTN GROUP +R25 Rally / Now Short Term Overbought / Updated Model Reading During The Last Session, Buyers & Sellers Were Most Aggressive In These Shares SPDR S&P Oil Exploration & Production ETF (XOP) SA Equities: Trading Commentary (Full Coverage) Trading BHP Group (+Price Action Model) USD/ZAR The 50/75-EMA Range (R18.23 to R18.36) Is A Best Probability Support Zone MONDI Plc Buy/Long Idea Currently In The Money (+1300c) EUR/USD Attempting A Bullish Reversal Following An Aggressive Sell-Off Kumba Iron Ore: Technically Extended vs YTD Anchored VWAP SPOT GOLD Retreating In Line With Model Reading. Consolidation Phase Expected USD/ZAR Bearish Reversal In Line With Model Reading (R19.21 to R18.63) JSE Top 40 Index Now Higher By Over 2600 Points. Well Done Traders TECHNICAL SUMMARY See Which Shares Are Overbought/Oversold On A Weekly Time Frame JSE RELATIVE SECTOR RATINGS Banks, Consumer Discretionary, Gold Miners, Technology & More Anglo American Platinum: Continuation Buy/Long Triggered Above… MTN Group: Bullish Trend, But Risks A Short Term Pullback Naspers: Long & Short. Here's How Unum Capital Clients Were Prepared Over The Last Five Sessions, Buyers & Sellers Were Most Aggressive In These Shares [Global Ideas] Reviewing Nike, This Is What I See [Global Ideas] Brazilian Equities Offer Relative Value + Will Benefit If Cyclicals Are To Rally Merger Talks Support Model Reading: Glencore Plc & Rio Tinto FTSE 100 Index Re-Emerging Strength + Exposure To Cyclical, Undervalued Sectors Boxer’s Base Reminds Me Of … [Global Ideas] EOG Resource: Strong Price Action In A Consolidation Range 'Scoop n Score' With The iShares Global Healthcare ETF Trade Setups via Strategy Screens SA Equities: Trading Commentary (See: BHP Group, Richemont, Exxaro, MTN & More) Published 02 - 17 January 17-Jan Trade Idea: Aspen Pharmacare 17-Jan SA Equities: Trading Commentary (Full Coverage) 16-Jan Trading Harmony Gold? Here's What You Need To Know 16-Jan Spot Gold (XAUSUD): A Bullish Trend But Caution In The Short Term 16-Jan MTN Group: Over the Six Months, The Share Has Rallied By 36% 16-Jan Richemont: The Share Price Has Since Risen By 34% 16-Jan SA Equities: Trading Commentary (Full Coverage) 16-Jan Manage Risk + Make Money: How Unum Capital Clients' Benefit From Timely Views (Top 40 Index) 16-Jan JSE RELATIVE SECTOR RATINGS Technology, Consumer Staples, Healthcare, Diversified Miners & More 16-Jan USD/ZAR Bearish Reversal In Line With Model Reading 16-Jan U.S. 10-YEAR BOND YIELD Easing Core Inflation Reverses Overbought Bond Yields 16-Jan During Yesterday's Session, Buyers & Sellers Were Most Aggressive In These Shares 16-Jan JSE TECHNICAL SUMMARY Top 10 Strongest/Weakest 15-Jan ACTIONABLE AREAS Spar Group | Northam Platinum | Shoprite Holdings 15-Jan OLD MUTUAL: Oversold + Approaching Prior Swing Low 15-Jan MTN Group: Pattern Profits. In The Money By +1500c   15-Jan SA Equities: Trading Commentary (Full Coverage) 15-Jan JSE TECHNICAL SUMMARY Top 10 Strongest/Weakest 15-Jan During Yesterday's Session, Buyers & Sellers Were Most Aggressive In These Shares 15-Jan Discovery Ltd: Relative Distribution Phase + MACD Bearish Crossover 15-Jan   iShares Europe ETF 14-Jan Copper Futures: Your Questions Answered 14-Jan Actionable Areas: Absa Group 14-Jan SA Equities: Trading Commentary (Full Coverage) 14-Jan JSE Top 40 Index: 200-day Breached. Caution On Pressing Shorts 14-Jan In The Money: Tiger Brands , OUTsurance, Mr. Price, Kumba Iron Ore, Sasol, Dis-Chem Pharmacies 14-Jan BHP GROUP Is Starting To Outperform The Broader Market. Here's How Clients Were Prepared 14-Jan AVI Ltd: Shorts Getting Paid 14-Jan Relative To The Top 40, Naspers Is Trading In A Short Term Oversold Range ---OUT OF OFFICE: Monday, 13 January--- 12-Jan  Volatility Equals Opportunity. Here Are 5 Ways To Trade U.S. Consumer Price Index (CPI) 12-Jan  Before You Trade USD/ZAR, Read This. 12-Jan  JSE Top 40 Index: Approaching It's 200-Day But Vulnerable To A Breach 12-Jan  S&P 500 INDEX. Down by 280 Points From Model Reading. Well Done, Short Sellers 12-Jan  SA Equities: Trading Commentary (Full Coverage) 12-Jan  African Rainbow Minerals: Breaking Out On A Relative Basis (Bullish Setup) 12-Jan  Trading Sibanye Stillwater? Here's What You Need To Know 12-Jan  SPOT GOLD Price & Trend Analysis 12-Jan  BRENT CRUDE OIL: 7-Week Bullish Reversal + Further Gains Pushes Commodity Near S/T Overbought 12-Jan  Anglo American Platinum: Technical Improvement + Potential Change of Trend 12-Jan  Glencore Plc: Attempting A Bullish Reversal 12-Jan  JSE TECHNICAL SUMMARY Most Overbought/Oversold 12-Jan  Trading Firstrand? Here's What You Need To Know 12-Jan  British American Tobacco: Now +R100. Strong Upside Reversal 12-Jan  iShares China Large-Cap ETF 12-Jan  Clean Water ETF 10-Jan  Palladium’s Pattern Play 10-Jan SA Equities: Trading Commentary (Full Coverage) 10-Jan The Big 5: JSE Miners vs JSE Banks 09-Jan If You're Trading SILVER, Here's What You Need To Know 09-Jan Spot Gold. A mostly bullish bias + looking to break out of a range 09-Jan Sibanye Stillwater: Right Reading, Right Time 09-Jan Standard Bank Now Lower By Over 2000c 09-Jan Woolworths Holdings: Price & Trend Analysis 09-Jan JSE Technical Summary: Strongest/Weakest 09-Jan Thematic Opportunities: iShares AI & Tech ETF (ARTY)    09-Jan Thematic Opportunities: Global X Lithium (LIT) 09-Jan SA Equities: Trading Commentary (Full Coverage) 09-Jan JSE Sector Ratings: Technology, Miners, Healthcare & More 08-Jan Flash Comment  Nasdaq 100: Distance Divergence vs 200-Week / Bearish 08-Jan U.S. 10-YEAR BOND YIELD Bullish Momentum However, Approaching Short Term Overbought 08-Jan Major Markets: Moving Average Trends 08-Jan U.S. Factor Summary: Growth Over Value + Flight To Safety 08-Jan Market Sentiment Index 08-Jan SA Equities: Trading Commentary (Full Coverage) 08-Jan Nebius: European Artificial Intelligence Infrastructure 08-Jan Trading Diversified Miners? Here’s What The Price Action Data Says 08-Jan Invest in the Next Generation of Connective Technologies (SIXG ETF) 08-Jan Global X Uranium ETF 08-Jan Buyers/Sellers Were Most Aggressive In These Shares 07-Jan  Naspers: Well Done, Short Sellers 07-Jan  BRENT CRUDE OIL: 7-Week Bullish Reversal + Further Gains Pushes Commodity Near S/T Overbought 07-Jan  JSE Top 40 Index: Here’s What You Should Know 07-Jan  ARK Space Exploration & Innovation ETF (ARKX) 07-Jan SA Equities: Trading Commentary (Full Coverage) 07-Jan JSE Coal Miners: Relative Reversal (Monthly Time Frame) 07-Jan JSE Technical Summary Strongest/Weakest 07-Jan JSE Consumer Discretionary: Relative To The Top 40, Bullish Momentum Is Waning 07-Jan WORTH NOTING: 200-Day Developments (Tiger Brands, Outsurance, Mr. Price & More) 07-Jan Global Idea: Cisco Systems 07-Jan Global Ideas: ASML +17% in 9 Weeks 07-Jan Resource Centre: Trading Tip of the Day 06-Jan JSE Telecoms: Relative Change of Trend 06-Jan Nasdaq 100 Index: Buyers In Control + Stable Short Term Candle Structure 06-Jan   USD/ZAR Unwinding From S/T Overbought; 21-Day EMA at R18.32/18.39 In Focus 06-Jan Flash Comment  U.S. Dollar Index (DXY) 06-Jan Flash Comment Spot Gold (XAU/USD) 05-Jan S&P 500 Index: Pullback in Line With Model + 5844/5864 Defended, For Now 05-Jan Major Markets: Trends 05-Jan Trading The JSE Top 40 Index 05-Jan GOLD (XAU/USD) Rangebound But Potential To Re-Test The 8-EMA Around $2631 05-Jan SA Equities: Trading Commentary (Full Coverage) 05-Jan Trading The Numbers: U.S. Non-Farm Payrolls 05-Jan MTN Group: Strong Upside Move (+1300c) 05-Jan   JSE Technical Summary: Most Overbought/Oversold 05-Jan Naspers : Price & Trend Analysis 05-Jan   Trading Banks? Here's What The Price Action Models Reflect 05-Jan U.S. Factor Performance & Summary 05-Jan   iShares Expanded Tech-Software ETF 05-Jan   S&P SPDR Energy ETF 03-Jan US Dollar Index: Short Term Overbought 03-Jan Flash Comment: Aspen Pharmacare 03-Jan Flash Comment: USD/ZAR 02-Jan Flash Comment: EUR/USD 02-Jan Absa Relative Strength vs Financial Sector Peers 02-Jan Brent Crude Oil 02-Jan   FX: USD/ZAR 02-Jan Standard Bank 02-Jan Sibanye Stillwater 02-Jan Telco's vs Top 40 02-Jan JSE Sector Ratings 02-Jan Resource Centre: Trading Tip of the Day 02-Jan JSE Market Breadth (Monthly Time Frame)   02 Jan Glencore Plc   02 Jan Discovery Holdings 02 Jan U.S. Consumer Staples/Consumer Discretionary 02-Jan Investec Ltd 30-Dec S&P 500 Index Unum Research Attains 3rd Place In The 2024 Securities Broker Awards. Read more at the following link: https://www.unum.capital/post/unum-research-awards