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Real-Time: 10h58: Short/Sell Candidates: In Play or Pending Lester Davids Analyst: Unum Capital

Real-Time: 10h30 Update: The share is approaching the target, having reached a low of 12850c this morning. Cover some, let the core run. Updated Chart: Original Post (29 July) Lester Davids Analyst: Unum Capital

• REAL-TIME: 10h10 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. The tool helps to determine and shed light on the some of the following: Whether the reward-to-risk is attractive for a buy/long position? Whether a share is weak or if aggressive buying is underway Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias Lester Davids Analyst: Unum Capital

REAL-TIME: 17H36 This is a reference to the yields i.e. a move higher would mean bond prices declining while a move lower would mean bond prices rising. Lester Davids Analyst: Unum Capital

For short term active traders, here's how to approach Bidvest (BVT): The share is now pulling back, in line with my previous view (bearish at R294, low = R256 yesterday Monday 05 August 2024). The previous breakout level at R248 to R252 is a range to monitor for a short term buy/long re-entry. PREVIOUS POSTS • REAL-TIME - 12h48 (18 JULY) To trade, or open a new account, contact the Unum Capital Trading Desk: E-Mail: tradingdesk@unum.co.za  | Call: 011 384 2923 Previous post (01 July at 10h46) Zooming Out, Here's What I See The share has appreciated significantly, advancing by over 18% from the previous buy/long trigger, which was shown as a 'strategy alert' (see original chart at the bottom of this post). At current levels, the share is trading in a high bullish momentum regime, having previously unwound from overbought and having resumed it's upward trend following a pullback to the rising 8/13/21-EMA range. Also at current levels, the share is trading near the previous swing high which was printed on 30 August 2023. As at the time of writing this note (10h41), the candle structure reflects indecision near these highs, with a 'doji' being developed. Having risen sharply since breaking out of it's range, traders could expect a consolidation although an attempt for further advancement is not out of the question. The 8-day EMA is currently at R281 vs a price of R294, which is slightly extended in terms of 'distance vs 8-ema'. Upon further high prices, shorts/sell could be considered or reducing existing buy/longs into strength. BVT Current View BVT Original View Lester Davids Analyst: Unum Capital

Tickers: MNP, SAP SAP: Event Risk = Earnings on 08 August. Note the share is nearing it's 61.8% FIB retracement. Mondi Plc (MNP): Monitor the price action around the 32000c-32400c range. Look for evidence of strength. Do note that the share has the ability to overshoot to the downside. Lester Davids Analyst: Unum Capital

Previous comment: Reduce into strength. Next Key Level = the rising 21-day EMA or just below it (do note that the share can overshoot to the downside). This opportunity is ideal for traders with an ultra short term time frame , looking for technical support within an upward trend. Pre-Market Reduce into strength Previous Post REAL-TIME: 14h21 Strong Upside Follow-Through, But Short Term Overbought Here's what the real-time model reading states: BTI was featured in my report: Active Trading Plan (Monday, 22 July 2024) Lester Davids Analyst: Unum Capital

PRE-MARKET Model reading as of end of day: The previous swing high has held as a resistance level, with the market retreating sharply from this range. My previous communication highlighted the technical trend rating as high bullish momentum (approaching overbought). Currently trading below the rising 50-day EMA Currently trading below the rising 75-day EMA Currently trading just above the rising 21-week EMA Lester Davids Analyst: Unum Capital

Lester Davids Analyst: Unum Capital

Article Published at 11h41 Clients of Unum Capital are recipients of research insights that aim to (1) help identify trading opportunities and (2) help manage risks.   Here are 3 trade ideas that have helped clients position correctly and profit from the subsequent market developments. (1) SELL/SHORT USD/Japanese Yen (USDJPY) The so called ' YEN Carry Trade ' is unwinding. In short, this where market participants borrow cheaply in Japan to fund trades in more expensive currencies. My idea looked for an opportunity to short/sell the US Dollar/Japanese Yen currency pair at or around the 160 level. Initially, I discussed the potential for downside in this post on 26 June. This view was informed by the real-time reading on my Tactical Trading Guide (chart and data reading at 14h21 on 26 June). https://www.unum.capital/post/fx-usd-jpy-wednesday-26-june-2024 In addition, the slide below highlights my view in my report on Monday, 01 July 2024 The chart below highlights how the USDJPY currency pair has sold off since the view was communicated. (2) SHORT/SELL NASDAQ 100 The unwind of the 'Yen Carry Trade', along with weaker-than-expected technology earnings , economic growth concerns, sector rotation, as well as concerns over Berkshire Hathaway reducing their Apple stake, has been a headwind for the Nasdaq . On 20 June, my idea looked for lower levels on the index. (3) BUY/LONG Volatility Index (VIX) (+369% at today's highs. Idea at 13.01. Today's high = 61.03) As a result of the above market developments (stronger Yen weaker global indices, including the Nasdaq), volatility has spiked, significantly. Chart as of 14h25 today. Clients of Unum Capital are recipients of research insights that aim to help identify trading opportunities and help manage risks. To become a client and regular recipients of this research, e-mail lester@unum.co.za. To become a client, contact the Unum Capital Trading Desk today (email tradingdesk@unum.co.za or call : 011 384 2923 Lester Davids Analyst: Unum Capital

This week, all eyes are on the Fed as traders anticipate a potential interest rate cut. Discussions from the last Fed meeting hinted at a 50bps cut in September, but after this morning's market turmoil—Asian markets down 13% and Nasdaq down 6% (at 6 am this morning)  following a Bank of Japan rate change—US traders now see a 60% chance of a 25bps cut this week. Key impacts to watch include potential boosts to stock markets, especially growth stocks, a possible rally in bonds, and a weakening USD which could strengthen the ZAR. (US Nasdaq) (Nikkei Japan) Do you think the Fed will cut interest rates this week? Participate in our poll by visiting our social media platforms ! We'd love to hear your thoughts. Poll: 1. Will the Fed cut interest rates this week? 2. Will the Fed wait for September? 3. We won't see a rate cut this week or in September? Stay informed and be ready to capitalise on these trends with Unum Capital. Get in contact with us at tradingdesk@unum.co.za  to make sure you can capitalise on these movements.

REAL-TIME: 21:01 (U.S. Trading Session) Notes on slide Lester Davids Analyst: Unum Capital