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  • Trading USD/ZAR

    Trade FX: USD/ZAR  with Unum Capital. To get started, e-mail lester@unum.co.za The 7-day trend shows neutrality, while the 14-day trend indicates a rangebound movement. For the medium term (2 to 4 weeks), the currency pair lacks a clear directional bias. Looking further out, the long-term (5 to 8 weeks) trend suggests weakness within a consolidation phase. Therefore, a trading strategy should consider the lack of short-term information and the overall long-term weakness, while acknowledging the rangebound and directionless nature of the shorter timeframes. Lester Davids Analyst: Unum Capital

  • Trading EUR/USD

    #EarlyAccess Trade   FX: EUR/USD   with Unum Capital. To get started, email   lester@unum.co.za The analysis covers short-term (1 to 10 trading days), medium-term (2 to 4 weeks), and long-term (5 to 8 weeks) perspectives. In the short term, the 7-day trend shows high bullish momentum with the pair approaching overbought conditions, while the 14-day trend indicates consolidation within a very bullish upward trajectory. For the medium term, a steady upward trend is anticipated with potential consolidation around current levels, particularly if the 8-EMA is breached, suggesting the 21-EMA as an accumulation range. Looking further ahead, the long-term outlook suggests a strong attempt at a bullish reversal following a consolidation phase. The model emphasizes the use of daily and weekly moving averages for medium-term readings and weekly moving averages with broader time frames for long-term assessments. Strong run off the previous model reading. Now, the updated price action model reading: Previous Post (04 March): 3 Month High Previous Post (20 January): EUR/USD Attempting A Bullish Reversal Following An Aggressive Sell-Off Analyst's Price Action Model Let's break down the EUR/USD trend analysis based on the price action model: Overall Trend: Long Term: Persistently Weak But Monitor Lower Times For Rebound Potential Short-Term Trends: 7-Day Trend: Neutral 14-Day Trend: Rangebound Short-Term Trading Opportunities: No explicit short-term buy/long position opportunities are indicated in the image. Medium-Term Outlook (2 to 4 weeks): Strong Attempting At Bullish Reversal Following Aggressive Sell-Off Long-Term Outlook (5 to 8 weeks): Persistently Weak But Monitor Lower Times For Rebound Potential Summary: The EUR/USD pair is currently in a long-term downtrend. In the short term, the 7-day trend is neutral, while the 14-day trend is rangebound. There is no explicit signal for a short-term buy or long position. However, the medium-term outlook suggests a potential bullish reversal following a recent sell-off. In the long term, the pair is expected to remain weak, but with potential for rebounds. ABOUT THE TACTICAL TRADING GUIDE: Technology + Proprietary Insights has helped to develop automated tools and strategies that   are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This page highlights readings from our Tactical Trading Guide (Price Action Tool) which   is also available as a live tool via the telegram group. The tool provides automated price analysis for any tradeable instrument across 3 time frames : short (short term), medium (medium term) and long (long term). Readings are subject to change , based on the development of the subsequent price action. Lester Davids Analyst: Unum Capital

  • Global Energy Relative To ACWI

    #EarlyAccess Access Global ETFs  with Unum Capital. To get started, email lester@unum.co.za The following monthly chart highlights global energy shares (IXC ETF) relative to the All Country World Equity Index (ACWI). What's noticeable here is the sector having retreated to it's 61.8% Fibonacci retracement level, having held there for the past four (4) months. With expectations and valuations for the sector being low, upticks in global energy prices could act as a boost. On this basis, investors should consider some allocation to the sector. Recent Sector Idea: XOP ETF https://www.unum.capital/post/xop-idea Lester Davids Analyst: Unum Capital

  • Trading Spot Silver: Analysis of Price Action

    Trade   Silver   with Unum Capital. To get started, email   lester@unum.co.za Q: What is the overall trend? A: The overall trend is bullish. Q: What is the current 7-day trend? A: The current 7-day trend is high bullish momentum, approaching overbought. Q: What is the current 14-day trend? A: The current 14-day trend is very bullish. Q: Is there any opportunity for a short-term buy/long position? A: The information suggests caution with buying/long positions due to the overbought conditions and potential for failure to hold highs. Q: Is there any opportunity for a short-term sell/short position? A: Yes, there is a potential short-term sell/short position opportunity if the attempt to hold the highs fails, and the price doesn't hold above the 8-EMA. Q: What is the current position & trend for the short term (1 to 10 days)? A: The short-term position is a very strong move with buyers in control, but it's approaching overbought levels, suggesting potential for a pullback. Q: What is the current position & trend for the medium term (2 to 4 weeks)? A: The medium-term position is an aggressive buying trend, but a strategy is to wait for an overshoot or failure to hold prior session range highs to short back to the 8-EMA. Q: What is the current position & trend for the long term (5 to 8 weeks)? A: The long-term position has resumed a bull move in a strong upward trend. The overall trend for Spot Silver is bullish, with both short-term and long-term indicators pointing upwards. However, the 7-day trend shows high bullish momentum approaching overbought conditions, suggesting a potential short-term pullback. The short-term strategy is to be cautious with buying, watch for failures to hold highs, and consider shorting if the price drops below the 8-EMA. The medium-term strategy involves waiting for an overshoot or failure to hold prior session range highs before shorting back to the 8-EMA. The long-term trend remains strongly bullish, indicating continued upward momentum over the next 5 to 8 weeks. Lester Davids Analyst: Unum Capital

  • 13x Shares: Heavy Selling Pressure (Weekly T/Frame)

    Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za High Bearish Momentum / Approaching Oversold Screen as of Friday 14 March 2025 (Pre-Market) Lester Davids Analyst: Unum Capital

  • 4x Shares: High Demand / Approaching Overbought (Weekly T/Frame)

    Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Screen as of Friday 14 March 2025 (Pre-Market) Lester Davids Analyst: Unum Capital

  • Trading Spot Gold: Analysis of Price Action

    Trade   Gold   with Unum Capital. To get started, email   lester@unum.co.za Q: What is the overall trend? The overall trend is bullish, but with signs of potential slowing and consolidation. Q: What is the current 7-day trend? The current 7-day trend is "High Bullish Momentum / Approaching Overbought". Q: What is the current 14-day trend? The current 14-day trend is "Very Bullish". Q: Is there any opportunity for a short-term buy/long position? The 7-day trend indicates strong bullish momentum, suggesting a potential short-term buying opportunity. However, it's approaching overbought conditions, which could lead to a pullback. Q: Is there any opportunity for a short-term sell/short position? The short-term price action reading suggests a potential short/sell opportunity if the price fails to hold the highs and falls to the 8-EMA (Exponential Moving Average). Q: What is the current position & trend for the short term (1 to 10 days)? The short-term trend is "Aggressive Buying But Overbought On Lower Time Frame - Expect Consolidation or Minor Retracement". Q: What is the current position & trend for the medium term (2 to 4 weeks)? The medium-term trend is "Very Strong Move Buyers In Control But Don't Chase - May Fail At Attempt To Hold The Highs - If It Doesn't Hold Then The 8-EMA May Be A Short/Sell Target". Q: What is the current position & trend for the long term (5 to 8 weeks)? The long-term trend is "Strong Upside Move But Momentum Slowing With Sellers Becoming Active". Summary: The model reading indicates a bullish trend for Spot Gold, but with signs of potential consolidation or a minor retracement in the short term due to overbought conditions. The medium term shows strong buyer control, but caution is advised as the price may fail to hold the highs, presenting a potential short/sell opportunity with the 8-EMA being a potential target. The long-term trend remains bullish, although momentum is slowing, suggesting increasing seller activity. A possible strategy could involve capitalizing on short-term buying opportunities while being mindful of potential pullbacks and monitoring the 8-EMA for potential short positions in the medium term. For the long term, a strategy should consider the slowing momentum and increased seller activity, potentially adjusting positions accordingly. Previous Post (27 February) Key inflection point Previous Post (Thursday 25 February): Trading Spot Gold: Sellers Becoming Active Disclosure: This price action model was summarized using an A.I tool. Q: What is the overall trend of Spot Gold? A: The overall trend is bullish, but showing signs of consolidation and potential slowdown. We see a strong upside move in the long term, but with momentum slowing and sellers becoming active. Q: What is the current 7-day trend? A: The current 7-day trend is strong. Q: What is the current 14-day trend? A: The current 14-day trend is very bullish. Q: Is there any opportunity for a short-term buy/long position? A: Yes, there is a potential opportunity for a short-term buy/long position. The model suggests waiting for a pullback to enter a long position. If the highs fail to hold, a short position back to the 8 or 21-EMA is suggested. Q: What is the outlook for the medium term (2 to 4 weeks)? A: The medium-term outlook suggests aggressive buying with a strategy to wait for pullbacks to enter. It also advises using the 8 and 21-EMA as potential support levels or areas to accumulate. Q: What is the outlook for the long term (5 to 8 weeks)? A: The long-term outlook is a strong upside move, but with momentum slowing and sellers becoming active. This suggests a potential shift or consolidation phase in the longer term. In summary: Spot Gold (XAU/USD) is in a strong bullish trend in the short and medium term, but the long-term outlook shows signs of a potential slowdown and increased selling pressure. Traders should look for buying opportunities on pullbacks in the short and medium term, while being cautious of potential reversals in the longer term. The 8 and 21-EMA are highlighted as important levels to watch for potential support or entry points. Lester Davids Analyst: Unum Capital

  • JSE Relative Sector Ratings: Gold Miners, Insurers, Luxury Goods & More

    #EarlyAccess Trade   JSE Shares   with Unum Capital. To get started, email   lester@unum.co.za *Data as of Thursday, 06 March (intraday, 12h45). Sector-by-Sector Breakdown: 1. Technology vs. Top 40: Short Term: Neutral Medium Term: Strong Long Term: Strong Overall: Strong. Despite a neutral short term, the consistent strong performance in medium and long terms suggests continued positive momentum. The short term neutrality could be a temporary pause. 2. Miners vs. Top 40: Short Term: Weak Medium Term: High Bearish Momentum/Approaching Oversold Long Term: High Bearish Momentum/Approaching Oversold Overall: Weak with potential for reversal. The persistent bearish momentum across all timeframes is concerning. However, the "Approaching Oversold" condition in medium and long terms hints at a possible rebound if momentum shifts. 3. Banks vs. Top 40: Short Term: Neutral Medium Term: Weak Long Term: Neutral Overall: Weakening. The neutral short term doesn't offset the weakness in the medium term. This sector is showing signs of deterioration and needs close monitoring. 4. Insurers vs. Top 40: Short Term: Weak Medium Term: Neutral Long Term: Neutral Overall: Weakening. The weak short term is a red flag. The neutral medium and long terms don't provide enough support to counter the immediate weakness. 5. Gold Miners vs. Top 40: Short Term: Strong Medium Term: Strong Long Term: Strong Overall: Strong. Consistent strength across all timeframes. This sector is a clear outperformer. 6. Platinum Miners vs. Top 40:Short Term: Neutral Medium Term: Neutral Long Term: Neutral Overall: Neutral. This sector is stable but lacks clear direction. It's neither improving nor deteriorating significantly. 7. Consumer Staples vs. Top 40: Short Term: Weak Medium Term: Weak Long Term: High Bearish Momentum/Approaching Oversold Overall: Weak with potential for reversal. Similar to Miners, this sector is weak but showing signs of potentially being oversold in the long term. 8. Consumer Disc. vs. Top 40: Short Term: Neutral Medium Term: Oversold/High Bearish Momentum/Approaching Oversold Long Term: Neutral Overall: Weak with potential for short-term bounce. The oversold condition in the medium term suggests a possible short-term recovery, but the overall trend is still weak. 9. Healthcare vs. Top 40: Short Term: Oversold Medium Term: Oversold Long Term: Weak Overall: Weak with potential for short-term bounce. Heavily oversold in the short and medium terms. A bounce is possible, but the long-term weakness is a concern. 10. Hospitals vs. Top 40: Short Term: Weak Medium Term: Weak Long Term: High Bearish Momentum/Approaching Oversold Overall: Weak with potential for long-term reversal. Similar to Consumer Staples, the long term shows potential for a rebound. 11. Coal Miners vs. Top 40: Short Term: Neutral Medium Term: Weak Long Term: Weak Overall: Weakening. The neutral short term doesn't offset the persistent weakness in the medium and long terms. 12. Telecoms vs. Top 40: Short Term: Weak Medium Term: Neutral Long Term: Neutral Overall: Weakening. The weak short term is the primary concern, with the neutral medium and long terms offering little support. 13. Paper & Pulp vs. Top 40: Short Term: Neutral Medium Term: Neutral Long Term: High Bearish Momentum/Approaching Oversold Overall: Potentially Bottoming. The oversold condition in the long term suggests a possible turnaround, but the short and medium terms are still neutral. 14. Chemicals vs. Top 40: Short Term: Neutral Medium Term: Neutral Long Term: Oversold Overall: Potentially Bottoming. Similar to Paper & Pulp, the oversold long term hints at a possible recovery, but the short and medium terms are neutral. 15. Luxury Goods vs. Top 40: Short Term: Weak Medium Term: Neutral Long Term: Strong Overall: Mixed. The strong long term is a positive, but the weak short term and neutral medium term create uncertainty. Key Takeaways: Strong Sectors: Technology and Gold Miners are showing consistent strength across all timeframes. Weak Sectors with Potential Reversal: Miners, Consumer Staples, Healthcare, Hospitals, Paper & Pulp, and Chemicals are showing signs of being oversold, indicating potential for a bounce or reversal. Weakening Sectors: Banks, Insurers, Coal Miners, and Telecoms are showing signs of deterioration, especially in the short term. Neutral Sectors: Platinum Miners and Consumer Discretionary are currently neutral, lacking a clear trend. Lester Davids Analyst: Unum Capital

  • Trading Spar: Short Sellers Getting Paid (R145 to R118)

    Trade JSE Shares  with Unum Capital. To get started, email lester@unum.co.za Spar Group (SPP) Generating Cash - Massive Sell-Off from the Sell Re-entry Range as discussed on 15 January (scroll down for original post). I've updated the buy/long re-entry ranges to account for a potential rebound. Yes, it might be one to consider for a rebound, however, wait until there is some stabilization on the lower time frames. Let's see what the model says: Previous Post (Wednesday 15 January): Actionable Areas Spar Group (SPP) Northam Platinum (NPH) Shoprite Holdings (SHP) Lester Davids Analyst: Unum Capital

  • 📌Research: 10 - 14 March 2025

    Week: 10 - 14 March Trading Spar: Short Sellers Getting Paid! https://www.unum.capital/post/sppshort Foschini | Woolworths | Mr. Price https://www.unum.capital/post/foschini-npeers Standard Bank: Summary of Full Year Results https://www.unum.capital/post/sbk-results JSE Equities: Full Commentary (Short & Medium Term) https://www.unum.capital/post/guide-helps ETF Screen: Strong Near Their Lows https://www.unum.capital/post/etf-strong-lows Trading Naspers & Prosus https://www.unum.capital/post/nas-prosus Trading MTN: Generating Cash (900c to 1100c) https://www.unum.capital/post/mtncash Truworths: A Temporary Detractor https://www.unum.capital/post/truworths-detractor Trading Growthpoint Properties https://www.unum.capital/post/gpoint US Indices: S&P 500 | Dow Jones | Nasdaq 100 | Russell 2000 https://www.unum.capital/post/us-indices JSE Equities: Full Commentary (Short Term) https://www.unum.capital/post/trade-jse Trading iShares U.S Transportation ETF (IYT) https://www.unum.capital/post/iyt-etf SA Banks: 7-Month Relative Low, Clients Positioned For Alpha https://www.unum.capital/post/bank-sevenm Mr. Price: Capitalizing On Potential Overreactions https://www.unum.capital/post/mrp-overreact Update: Sibanye Running +26% | Northam Running +30% https://www.unum.capital/post/ssw-run Trading BHG: Improving Price Action Around The Lows https://www.unum.capital/post/bhg-improv African Rainbow Running 18-20% and Printing Above R158 https://www.unum.capital/post/rainbow-run Global Ideas: Campari https://www.unum.capital/post/campari Global Risk Index: High Bearish Momentum / Approaching Oversold https://www.unum.capital/post/senti-approach Global Ideas: Unilever Plc https://www.unum.capital/post/ulvr-idea SPDR Regional Banks: Probability of a Small Rebound (5 - 8 weeks) https://www.unum.capital/post/kre-rebound Our Research, Your Opportunity (S&P500, Model Unfolding) https://www.unum.capital/post/spy-unfold Our Research, Your Opportunity (Meta Platforms) https://www.unum.capital/post/meta-down Our Research, Your Opportunity (Pepkor) https://www.unum.capital/post/pph-assess Trade Idea: Buy Sasol Ltd https://www.unum.capital/post/sasol-idea Aspen Pharmacare: In The Money (+8.5%) & 4-Month High https://www.unum.capital/post/apn-money Trading GBP/USD - Ultra Short Term Overbought https://www.unum.capital/post/trade-gbpusd Trading Note: Brent Crude Oil https://www.unum.capital/post/tno-brent Trading S&P 500 Index https://www.unum.capital/post/trade-sp500 Unum Capital Clients Benefit from Top Weekly Performers https://www.unum.capital/post/wkly-gainers Talking Points: Here's What You Need To Know https://www.unum.capital/post/talk-points [High Impact] U.S. Relative Sector Analysis https://www.unum.capital/post/ussec-words JSE Equities: Full Commentary https://www.unum.capital/post/trad-comment Price Action Analysis: Spot Gold https://www.unum.capital/post/pa-spotgold Illinois Tool Works | General Dynamics | Vodafone Group https://www.unum.capital/post/tool-works Price Action Analysis: Impala Platinum https://www.unum.capital/post/pa-imp Price Action Analysis: Nvidia Corp https://www.unum.capital/post/pa-nvda Trading Dis-Chem Pharmacies: Actionable Areas https://www.unum.capital/post/dcp-trade I Missed This Move, But The Model Didn't .... https://www.unum.capital/post/har-model European Equities: Here Comes The Crowd... https://www.unum.capital/post/eur-crowd Global Ideas: Colgate-Palmolive https://www.unum.capital/post/colgate OUTsurance (-8% Weekly Move) : Using Distance To Recognize Risk https://www.unum.capital/post/out-risk Getting (or Staying) Rich With Richemont https://www.unum.capital/post/get-riche Trading Discovery (-900c) In Line With Price Action Model https://www.unum.capital/post/dsy-900c Trading Mondi Plc: Consolidation Phase https://www.unum.capital/post/mnp-consol Trading TFG / Foschini Group https://www.unum.capital/post/tfg-idea Trading Nasdaq 100 Index https://www.unum.capital/post/trade-n100 Trading JSE Consumer Discretionary: Clients Positions For Alpha https://www.unum.capital/post/condisc-alpha Market Sentiment: Weak, Not Yet Oversold https://www.unum.capital/post/sent-notyet JSE Relative Sector Ratings https://www.unum.capital/post/jrela-sector Trading EUR/USD https://www.unum.capital/post/euro-obo Trading USD/ZAR https://www.unum.capital/post/trading-usdzar-1 Developed Market Small Cap ETF https://www.unum.capital/post/scz-etf Trading Platinum Miners https://www.unum.capital/post/trading-platmine Generating Cash: African Rainbow Rallies 19% + Prints +R157 https://www.unum.capital/post/afrirain-cash Trading Pick n Pay | Shoprite https://www.unum.capital/post/pnp-shoprite 1x Overbought (Weekly T/F) https://www.unum.capital/post/weekly-obo 2x High Bullish Momentum (Weekly (T/F) https://www.unum.capital/post/wkly-highbull 11x High Bearish Momentum (Weekly T/F) https://www.unum.capital/post/wk-highbear 8x Strong (Weekly T/F) https://www.unum.capital/post/wk-strong Trade Idea: Buy XOP ETF   https://www.unum.capital/post/xop-idea Lester Davids Analyst: Unum Capital

  • High Impact: U.S. Relative Sector Analysis

    #EarlyAccess Trade   U.S. Stocks   with Unum Capital. To get started, email   lester@unum.co.za *Note Prepared on Thursday, 13 March (pre-market U.S. trading session). Key: Short Term (1-10 days): Highest weight Medium Term (2-4 weeks): Medium weight Long Term (5-8 weeks): Lowest weight Sector Analysis: 1. Materials vs. SPY Short-Term: Strong (Green) Medium-Term: Strong (Green) Long-Term: Weak (Pink) Overall: Improving. While long-term is weak, the short and medium-term strength indicates a potential turnaround. 2. Communications vs. SPY Short-Term: Neutral (Yellow) Medium-Term: High Bullish Momentum/Approaching Overbought (Green) Long-Term: Overbought (Pink) Overall: Mixed. The short-term neutrality suggests a pause after a strong medium-term rally. The long-term overbought condition warrants caution. 3. Energy vs. SPY Short-Term: Strong (Green) Medium-Term: Strong (Green) Long-Term: Neutral (Yellow) Overall: Strong and Stable. Consistent strength across all timeframes. 4. Financials vs. SPY Short-Term: Weak (Pink) Medium-Term: Neutral (Yellow) Long-Term: Strong (Green) Overall: Deteriorating. Long-term strength is being challenged by recent weakness. 5. Industrials vs. SPY Short-Term: Strong (Green) Medium-Term: Strong (Green) Long-Term: Neutral (Yellow) Overall: Strong and Improving. Short and medium-term strength is positive. 6. Technology vs. SPY Short-Term: Neutral (Yellow) Medium-Term: Weak (Pink) Long-Term: Weak (Pink) Overall: Weak and Potentially Stabilizing. Persistent weakness, but short-term neutrality suggests possible consolidation. 7. Consumer Staples vs. SPY Short-Term: Neutral (Yellow) Medium-Term: High Bullish Momentum/Approaching Overbought (Green) Long-Term: Neutral (Yellow) Overall: Improving with Caution. The medium-term momentum is positive, but the overbought condition needs monitoring. 8. Real Estate vs. SPY Short-Term: Strong (Green) Medium-Term: Strong (Green) Long-Term: Neutral (Yellow) Overall: Strong and Improving. Consistent strength in recent periods. 9. Utilities vs. SPY Short-Term: Strong (Green) Medium-Term: High Bullish Momentum/Approaching Overbought (Green) Long-Term: Neutral (Yellow) Overall: Strong with Caution. Similar to Consumer Staples, strong momentum but approaching overbought levels. 10. Healthcare vs. SPY Short-Term: Strong (Green) Medium-Term: Strong (Green) Long-Term: Neutral (Yellow) Overall: Strong and Improving. Consistent strength across all time frames. 11. Consumer Discretionary vs. SPY Short-Term: Oversold (Green) Medium-Term: High Bearish Momentum/Approaching Oversold (Pink) Long-Term: Neutral (Yellow) Overall: Weak but Potentially Turning. Oversold conditions in the short-term could indicate a potential bounce, but the medium-term bearish momentum is concerning. Summary of Key Takeaways: Strongest Sectors: Energy, Industrials, Real Estate, Utilities, and Healthcare exhibit strong recent performance. Weakest Sectors: Technology remains weak, while Financials and Consumer Discretionary are showing signs of deterioration. Sectors to Watch: Communications and Consumer Staples are showing positive momentum but are approaching overbought levels. Lester Davids Analyst: Unum Capital

  • Diversified Miners: Key Level vs Broader Market

    #EarlyAccess Trade Diversified Miners  with Unum Capital. To get started, e-mail lester@unum.co.za The weekly chart highlights the group (AGL, BHG, GLN, ARI and S32) trading at a key level vs the broader market (using the Top 40 Index as a proxy). The support extends to the 2020 lows as well as the May 2018 breakout. Lester Davids Analyst: Unum Capital

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