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Access Global Shares  with Unum Capital. To get started, e-mail lester@unum.co.za Chinese equities have continued their multi-year recovery with names such as BABA well off it's it's 2024 and 2025 lows. For the week commencing 17 February, the share reached a high of 144.80, a 95% gain from our strategy alert at around $73 in July. Previous Post: 03 July 2024 - Strategy Alert: Alibaba Group To trade, or open a new account, contact the Unum Capital Trading Desk: E-Mail: tradingdesk@unum.co.za  | Call: 011 384 2923 Lester Davids Analyst: Unum Capital

Trade   U.S. Stocks   with Unum Capital. To get started, email   lester@unum.co.za *Note Prepared on Friday, 21 February (end of day). Lester Davids Analyst: Unum Capital

Trade   JSE Gold Miners   with Unum Capital. To get started, email   lester@unum.co.za Updated 11 February: Extremely Overbought. Use the strength to reduce long positions. Previous Post (Tuesday 04 February): JSE Gold Miners: Where To From Here? After a stellar short to medium term advance, where to from here? JSE Gold Miners Price Action Model Readings as of yesterday's close: Anglogold Ashanti Gold Fields Harmony Gold Previous Post (Monday, 03 February): All three counters have staged major rallies off their recent lows with their performance as follows: ANG R430 to R567 (+31%) GFI R240 to R323 (+34%) HAR R160 to R228 (+42%) These outcomes also highlight the capabilities of the analyst's price action model as well as the value-add to clients. The graphic below is an extract from the report (The Sum of the Charts) dated Monday 18 November (2024) and highlights the price action model readings which was taken during the analyst's research as at the close of trade on Thursday 14 November (2024). The readings coincided with the range lows for the share and has subsequently staged substantial rallies over the period. This is NOT ONLY for the 1 to 10 day time frames (where the model stated that the reward-to-risk had become attractive for a buy/long position , but ALSO for the 5 to 8 week time frames which stated that there was a probability of a rebound (see both ANG and GFI). Scroll down to view all three charts as well as the levels which coincided with the readings. Click to enlarge the image. Anglogold Ashanti Gold Fields Harmony Gold Lester Davids Analyst: Unum Capital

Trade Global Indices  with Unum Capital. To get started, email lester@unum.co.za On 05 December we discussed the index, highlighting the risk of a medium term retracement as well as the live reading from the Tactical Trading Guide (Price Action Model) which was as follows: (2 to 4 week time frame): "a possible bearish reversal following a very bullish move" and (5 to 8 week time frame): Aggressive buying underway, but overbought on the lower time frame. Expect a consolidation or a minor retracement". Our analysis coincided with the medium term top as the index retreated from 6098 to 5768 (-330 points or -5%). This was followed by a rebound however, the index has struggled to clear over the overhead resistance range and maintain it's position above 6098 for a sustained period. On Friday, we saw broad-based selling pressure, with 9 out of the 11 sector closing in the red. The only two sectors which saw safe-haven buying were Consumer Staples and Utilities, both of which have featured strongly on our screens prior to the note and which we published as buy candidates. Links as follows: https://www.unum.capital/post/iyk-etf + https://www.unum.capital/post/jxi-etf S&P 500 Index Chart (Current) Previous Post: S&P 500 Index: Risk of a Medium Term Retracement Thursday 05 December 2024 (Time: 21h49) Lester Davids Analyst: Unum Capital

Trade   Local & Global Financial Markets with Unum Capital. To get started, email   lester@unum.co.za The indicator is a custom-built sentiment index, designed to assess market risk appetite, including whether sentiment is at an extreme position (i.e. excessively bullish or excessively bearish). Components: Copper: Copper often serves as a proxy for global economic activity. A decline in copper prices could signal slowing economic growth, increasing risk. High Beta vs Low Beta: High beta stocks tend to be more volatile than low beta stocks. A widening spread between high and low beta returns might indicate increased risk aversion. Growth vs Value: Growth stocks typically outperform value stocks in bull markets. A shift towards value stocks could suggest investors are becoming more cautious. EM Currencies: Emerging market currencies can be sensitive to risk appetite. A weakening of EM currencies could signal increased risk aversion. AUD/USD: The Australian Dollar is often used as a proxy for global risk sentiment. A decline in AUD/USD could indicate increased risk aversion. Consumer Staples vs Consumer Discretionary: Consumer staples are generally considered defensive assets. A shift towards consumer staples could suggest investors are seeking safety. Semiconductors vs S&P 500: The semiconductor sector is cyclical and sensitive to economic downturns. Underperformance of semiconductors relative to the broader market could signal increased risk. Russell 2000 ETF: This ETF tracks small-cap stocks, which are generally considered riskier than large-cap stocks. Underperformance of the Russell 2000 could suggest increased risk aversion. U.S. Dollar Index (Inverse): A strengthening US Dollar often signals a flight to safety, suggesting increased risk aversion.

Trade   Dis-Chem Pharmacies   with Unum Capital. To get started, email   lester@unum.co.za We discussed DCP on 07 January as part of a note where the 200-day SMA was a focus. A bearish divergence was highlighted and we have since seen the share decline from 3720 to Friday's low of 3233, a decline of 13%. Running the price action model, there are some early triggers that suggest the share is becoming attractive for a small buy/long position. We combine this with a manual view of actionable areas which can be found further down this page. DCP Actionable Areas Previous Post (07 January): WORTH NOTING: 200-Day Developments (Tiger Brands, Outsurance, Mr. Price & More) I used Artificial Intelligence to provide an explanation on why the 200-day SMA is significant. Here's what it had to say: The 200-day Simple Moving Average (SMA) is a widely used technical indicator in trading. It calculates the average closing price of an asset over the past 200 trading days, providing a smoothed representation of price movements. This smoothing effect helps traders identify longer-term trends amidst daily price fluctuations. Key Developments and Implications: Support and Resistance: When the price of an asset is above the 200-day SMA, it often acts as a support level. Conversely, when the price is below the 200-day SMA, it can act as resistance. Trend Confirmation: A sustained move above the 200-day SMA can signal a bullish trend, while a sustained move below it can indicate a bearish trend. Crossovers: Crossovers between the price and the 200-day SMA can generate trading signals. For example, a price crossing above the 200-day SMA might be interpreted as a bullish signal, while a cross below could be seen as bearish. Time Frame: The 200-day SMA is a long-term indicator, typically used to analyze trends over several months or even years. In Summary: The 200-day SMA is a valuable tool for traders and investors to: Identify long-term trends Determine support and resistance levels Generate trading signals Assess the overall market sentiment By understanding the 200-day SMA and its implications, traders can make more informed decisions about their investment strategies. Lester Davids Analyst: Unum Capital

Trade   JSE Banks   with Unum Capital. To get started, email   lester@unum.co.za Previous Post: Trading JSE Banks: 5-Month Relative Low + Positioned For Alpha The initial idea was floated on 02 December (hence the two arrows (date references). Update: Our idea on 10 December was to rotate out of JSE banks (relative to the broader market). Today, the share trades at a 5-month relative to the JSE Top 40 Index. Previous Post: JSE Banks Are Overbought On A Relative Basis. Consider Rotating Out (10 December 2024) JSE Banks Relative To JSE Top 40 Index Previous Post: Monday 02 December 2024 (Pre-Market) This chart is available to NON-CLIENTS of Unum Capital. Specifically, if you are: New to financial markets and looking to start your trading journey. An experienced trader, but looking to elevate your trading. Interested in an ACTIVE TRADING approach. Interested in a high quality, award-winning research. Interested in insights that informs and identifies both risks and opportunities. Should you you fit into any of the above categories, we would love a few minutes of your time to be able to further explain why you should consider Unum Capital your trading partner. To access, e-mail your name and contact details to   lester@unum.co.za    To open a trading account, e-mail   lester@unum.co.za    Key Features of Chart: Trading at the upper boundary of a multi-year rising channel Technical Regime: Medium term (Weekly Chart) = High Bullish Momentum / Approaching Overbought RANKED & RECOGNIZED: Unum Research Attains 3rd Place In The 2024 Securities Broker Awards In September 2024, Unum Research was recognized for it's capabilities.  Among well-respected boutiques and ahead of household giants such as FNB and Nedbank, the unit attained 3rd place for the period under review. Commenting on the award, Analyst: Lester Davids remarked: "The award speaks to the high quality of output being recognized by our valued clients as well as the consistency of insights and actionable opportunities that has been delivered over the past 8 years." Lester Davids Analyst: Unum Capital

Access Global ETFs  with Unum Capital. To get started, email lester@unum.co.za As highlighted on Thursday evening, the consumer staples ETF was perking up, showing signs of life as well as relative strength. This evening (Friday), amidst a sea of red, the sector is higher by 1.2% as market participants seek a safe haven. Snapshot as of 21h48, Friday 21 February. Previous Post: U.S. Consumer Staples ETF (Published Friday morning, 21 February) Strong candle structure below multi-month highs. Why IYK? 1. Exposure to U.S. companies that produce a wide range consumer goods, including food, and household goods 2. Targeted access to domestic consumer staples stocks 3. Use to express a sector view Top 10 Holdings Lester Davids Analyst: Unum Capital

Trade   Global Shares with Unum Capital. To get started, email   lester@unum.co.za Previous Post: Trading Tencent: Now +33% & Technical Target Year-to-date, risk assets OUTSIDE of the United States have started to catch a bid, with Chinese stocks being some of leading performers. This interest from global markets may be supportive of our view around Tencent where the target of HK$611 was measured off the weekly chart, having been recognized by the development of inverse head and shoulder technical formation. (It's taken 18 months for the move to get going, however, we could finally be getting going...) . Thus far, the share has advanced from HK$354 to HK$474. Now +33%. Most recently (09 July) we also discussed Tencent, with both short term targets being reached. Previous Post: Tencent Holdings (700) | Wednesday, 02 August 2023 For an enlarged view, click on the arrows in the top right corner of the image Published pre-market the Asian session. Lester Davids Analyst: Unum Capital

Access Global ETFs  with Unum Capital. To get started, email lester@unum.co.za Bullish Divergence (7-day RSI). Look for improving candle structure as further confirmation. Lester Davids Analyst: Unum Capital

Access Global ETFs  with Unum Capital. To get started, email lester@unum.co.za Improving candle structure following a pullback and consolidation. Why JXI? 1. Exposure to companies that supply electricity, gas, and water 2. Targeted access to utility stocks from around the world 3. Use to express a global sector view Top 10 Holdings Lester Davids Analyst: Unum Capital

Trade   Sanlam   with Unum Capital. To get started, email   lester@unum.co.za We wrote about Sanlam on 28 January, highlighted the price action guide (tactical trading guide) in real-time. This post also highlights the model reading on Friday 24 January which alerted and prepared traders for an opportunity to build a buy long position. Previous Post (28 January): Trading Sanlam: Actionable Areas (+Price Action Model) Consider partially covering any short/sell positions. This is what the price action model says: Note the long term reading (5 to 8 weeks) which alerts us to look for support at any previous swing low (see circled area). Also see the chart for potential support at the previous swing lows. Lester Davids Analyst: Unum Capital