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- JSE TOP 40 INDEX Model Reading
Thursday 14 November 2024 (Time: 07h48) Data + Chart As Of Yesterday's Close Summary: Weak (expect lower levels), but look for a slowdown in downward momentum with a small rebound. Previous Post: Top 40 Lower By 3700 Points Wednesday 13 November 2024(Time: 11h23) Current Model Reading & Probabilities Monday 11 November 2024 Time Published: Pre-Market On 27 September (see insert), I flagged the index trading in a short term overbought range. The market peaked on this day and has since traded in a consolidation range, while recently accelerating it's bearish bias with the bear flag breaking down. The candle structure remains poor however, the index is approaching it's swing low from 09 October around 76641. I amn expecting print below this level however, traders should also remain open-minded for the potential of a reclaim of these lows that could spark an ultra short term relief rebound. Note: the index is trading just above it's 75-day EMA which coincides with the aforementioned swing low. As always, we adjust in real-time , as the price action and news flow develops. Previous Post: This Is The Current Risk Level Friday 08 November 2024 Time Published: 10h13 This Is The Current Risk Level Following The Bear Flag Breakdown Trading in a 6-week consolidation + continues to unwind from overbought as well as the bear flag breakdown / risk level = 77222 / below the 21-day EMA which has started to slope down. Previous Post Thursday 31 October 2024 Time Published: Pre-Market At the beginning of this week, I discussed the potential formation of a bear flag structure, that is vulnerable to triggering upon a breached of the incline support which extends back to the 08 and 09 October swing lows. On Tuesday we saw some early weakness while yesterday saw a breached of the upward trend. the index closed off the lows of the day, but still near the range lows which extended back to Friday 18 October. Here, breaching horizontal support of 78530 could mark the start of a further downside move and an acceleration of the bear flag structure. I am however mindful that a change of character is possible and would watch if weakness below the break is bought - say, a false breakdown? Bottom line: I remain open-minded. This below slide was included in my report, "The Sum of the Charts" dated Monday, 28 October 2024. To access the report, email lester@unum.co.za Lester Davids Analyst: Unum Capital
- SPOT GOLD Risks Were Highlighted. Now Lower By Close To $200
Thursday 14 November 2024 (Time: 07h01) Code: XAU/USD For clients, the slide below was highlighted in a recent report "The Sum of the Charts" for Monday 28 October. Well done to clients who may have positioned themselves for the subsequent bearish development. Tuesday, 29 October 2024 Time Published: Pre-Market JSE / Asian Session This note was included in my report, "The Sum of the Charts" dated Monday, 28 October 2024. To access the report, email lester@unum.co.za Lester Davids Analyst: Unum Capital
- Buyer & Seller Were Most Aggressive In These Shares
Thursday 14 November 2024 Time Published: Pre-Market DOMINANT BUYING FROM OPEN TO CLOSE (DAILY) DOMINANT SELLING FROM OPEN TO CLOSE (DAILY) Lester Davids Analyst: Unum Capital
- EUR/USD Approaching Stop-Loss
Wednesday 13 November 2024 (Time: 22h27) The pair is approaching it's stop-loss, having continued to trade lower. Traders can look to exit teh position. Previous Post: Monday 11 November 2024 Time Published: 14h15 Levels & text on the image below. Lester Davids Analyst: Unum Capital
- AMAZON Stock Pick Running + New All-Time Highs This Evening
Wednesday 13 November 2024 (Time: 19h54) A Premium Post highlighted just under 7 weeks ago. Recent results very well received by the market. Starting to outperform it's MAG 7 peers. Well done to clients who may have taken the opportunity to buy. PREMIUM POST: Room To Run: Offshore Stock Pick - Monday, 23 September 2024 Pre-market U.S. Trading Session Key Drivers At the forefront of global innovation Analysts are forecasting substantial free cash flow in the years ahead A driven founder/management team with significant interests (shareholding) Sector disruptor Technically: a 4-year consolidation, with strong price action at the top of it's range and potential to break out to new highs. WEEKLY CHART Lester Davids Analyst: Unum Capital
- Strategy Alert: Brent Crude Oil
Wednesday 13 November 2024 (Time: 15h42) Potentially Bullish: Inverse Hammer Candle Formation In Development. Lester Davids Analyst: Unum Capital
- JSE TOP 40 INDEX Is Now Lower By 3700 Points
Wednesday 13 November 2024(Time: 11h23) Current Model Reading & Probabilities Monday 11 November 2024 Time Published: Pre-Market On 27 September (see insert), I flagged the index trading in a short term overbought range. The market peaked on this day and has since traded in a consolidation range, while recently accelerating it's bearish bias with the bear flag breaking down. The candle structure remains poor however, the index is approaching it's swing low from 09 October around 76641. I amn expecting print below this level however, traders should also remain open-minded for the potential of a reclaim of these lows that could spark an ultra short term relief rebound. Note: the index is trading just above it's 75-day EMA which coincides with the aforementioned swing low. As always, we adjust in real-time , as the price action and news flow develops. Previous Post: This Is The Current Risk Level Friday 08 November 2024 Time Published: 10h13 This Is The Current Risk Level Following The Bear Flag Breakdown Trading in a 6-week consolidation + continues to unwind from overbought as well as the bear flag breakdown / risk level = 77222 / below the 21-day EMA which has started to slope down. Previous Post Thursday 31 October 2024 Time Published: Pre-Market At the beginning of this week, I discussed the potential formation of a bear flag structure, that is vulnerable to triggering upon a breached of the incline support which extends back to the 08 and 09 October swing lows. On Tuesday we saw some early weakness while yesterday saw a breached of the upward trend. the index closed off the lows of the day, but still near the range lows which extended back to Friday 18 October. Here, breaching horizontal support of 78530 could mark the start of a further downside move and an acceleration of the bear flag structure. I am however mindful that a change of character is possible and would watch if weakness below the break is bought - say, a false breakdown? Bottom line: I remain open-minded. This below slide was included in my report, "The Sum of the Charts" dated Monday, 28 October 2024. To access the report, email lester@unum.co.za Lester Davids Analyst: Unum Capital
- Exclusive Black Friday Insights: Market Trends & Timing
Black Friday has grown from a consumer spending phenomenon into a significant period of opportunity for traders. While most people are hunting for the best deals, savvy traders are spotting profitable moves, especially given the season’s unique market conditions. At Unum Capital, we’re here to help you understand how to use technical analysis to make the most of the Black Friday trading landscape. 1. Why Black Friday Matters to Traders Black Friday is more than a day of shopping frenzy; it's also a time of increased market volatility. Retail stocks, online sales platforms, and tech giants typically see heightened activity, which often results in significant price fluctuations. Understanding these movements can help you anticipate potential price shifts and enter or exit positions strategically. 2. Key Trends to Watch Retail and Consumer Sector Activity : Watch for spikes in stocks associated with retail and consumer goods. Trends here can signal broader market sentiment and, in some cases, reflect economic confidence. E-commerce and Tech Stocks : Companies with high exposure to online shopping, such as e-commerce giants, tend to experience activity spikes around Black Friday. Keep an eye on these for short-term trading opportunities. Discount Impacts on Bottom Lines : Heavily discounted products might boost revenue but can squeeze margins. Technical indicators can help predict how this might affect share prices over the short term. 3. Timing Your Moves with Technical Analysis Trading during Black Friday requires precision. Technical analysis tools can help identify optimal entry and exit points during these periods of volatility. Here are some insights to guide you: Monitor Support and Resistance Levels : Key levels can act as psychological barriers where buyers or sellers may take control. Watching these levels, especially around Black Friday, can give you an edge in making well-timed trades. Leverage Moving Averages : Moving averages, like the 50-day and 200-day averages, can reveal trends and momentum. During high volatility, shorter-term moving averages (e.g., 20 days) may be better for catching rapid shifts. Stay Alert to Volume Indicators : Volume spikes often signal a strong interest in a particular stock. High volume can confirm a trend or highlight potential reversals, helping you make informed decisions as prices fluctuate. 4. Unum Capital’s Edge: Supporting Your Black Friday Trading At Unum Capital, we’re dedicated to helping you capitalise on opportunities with expert insights and support. Here’s how we can assist you during Black Friday: Exclusive Market Analysis : Our team provides regular, in-depth analysis to keep you updated on key trends and market shifts. Technical Tools and Alerts : We offer a range of tools to help you track the technical indicators you need, with real-time alerts to maximise your responsiveness. Personalised Guidance : Black Friday’s market volatility isn’t for everyone, but our advisors can help tailor strategies to your specific goals and risk tolerance. Black Friday’s volatility is ripe with opportunity but requires a measured approach. With Unum Capital by your side, you can leverage these insights, using technical analysis to make informed, confident trades in the heat of Black Friday’s market activity. Whether you’re a seasoned trader or just getting started, we’re here to ensure you have the support you need to succeed.
- ETF ALERT: Small Cap Cash Cows
Wednesday 13 November 2024 (Time: 07h47) PACER US SMALL CAP CASH COWS 100 ETF (CALF) | With small caps having been under owned relative to it's large cap peers, there may be potential for a further re-rating as policy becomes more clear in the United States. The CALF ETF considers companies with high free cash flow yields as it indicates a company is producing more cash than it needs to run the business and can invest in growth opportunities. Technically, the ETF has been trading in a multi-month consolidation range where the price has started to show signs of strength. This suggests that there is potential for a new momentum leg which could see the ETF trade at higher levels of the medium term. Lester Davids Analyst: Unum Capital
- HIGHER BOND YIELDS Bringing Sellers To Equities. Here's What The Data Says
Wednesday 13 November 2024 (Time: 08h12) Previous Post: Thursday 31 October 2024 Time Published: 12h58 Consider TLT (long) for exposure/to express a view. Potential for a bearish reversal i.e. bond buyers starting to enter. Lester Davids Analyst: Unum Capital
- JSE Sector Ratings: Current Regime & 5-Day Change
Wednesday 13 November 2024 Time Published: Pre-Market Lester Davids Analyst: Unum Capital
- U.S Dollar/ Japanese Yen: Now Trading Above 154. Benefiting From U.S Optimism
Wednesday 13 November 2024 (Time: 07h37) Sharp bullish reversal from previous 'strategy alert' at 140. A massive gain for traders who took the opportunity to position themselves for an upside move. Clients have benefitted from views on both the buy/long at the above-mentioned 140 level as well as the short/sell side at/around 160 which subsequently saw a massive bearish reversal down to 160. Previous Post: Tuesday 22 October 2024 Time Published: 14h32 Significant upside follow-through from the strategy alert at 140. Now trading +150. Thursday, 03 October 2024 Time Published: 23h29 Strong rebound off 140, now trading 146. A double opportunity (short, then long) for Unum Capital clients Previous Post: 16 September 2024 Real-Time: 21h50 S/African Time / US Trading Session Currency Pair: US Dollar / Japanese Yen Previous Post (Wednesday, 11 September) Real-Time: 08h22 Ticker: USD/JPY A significant win for clients who took the opportunity to trade The unwind/pullback, driven in large part by the Bank of Japan, has been a significant factor in the underperformance of growth/technology stocks. The reading from the Tactical Trading Guide has been in line, with the pair pulling back from 160 to today's low of 140. In FX terms, this is a MASSIVE MOVE. Previous Post (26 June) Readings For The US Dollar / Japanese Yen FX Pair Signal An Overextension And Potential Pullback Lester Davids Analyst: Unum Capital











