Author Topic: South Africa Top 40  (Read 27164 times)

LittleBT

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Re: South Africa Top 40
« Reply #15 on: May 20, 2013, 01:59:09 pm »
wow what was that? SA40 down from a high of +/- 37000, to +/- 36200, Ben Bernanke...?

aspire

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Re: South Africa Top 40
« Reply #16 on: May 20, 2013, 03:52:25 pm »
wow what was that? SA40 down from a high of +/- 37000, to +/- 36200, Ben Bernanke...?

http://www.fin24.com/Markets/Equities/JSE-slips-on-weaker-sentiment-20130520

Moneypenny

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Re: South Africa Top 40
« Reply #17 on: May 20, 2013, 08:58:53 pm »
Right direction but still not impressed.

AVM

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Re: South Africa Top 40
« Reply #18 on: May 21, 2013, 08:38:38 pm »
I see the competitions satrix 40 portfolio is up nearly 8.5% in under a month. Those guys that have never been on the market before are going to think shares are incredibly easy to make money off!

Moneypenny

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Re: South Africa Top 40
« Reply #19 on: May 24, 2013, 09:03:01 am »
Rebounding today?

LittleBT

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Re: South Africa Top 40
« Reply #20 on: June 24, 2013, 12:25:37 pm »
SA40 been taking a hammering recently...down to almost 33900

AVM

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Re: South Africa Top 40
« Reply #21 on: June 24, 2013, 01:18:10 pm »
Asia is down too. The prices look good to invest with, but I don't want to be the one catching a falling knife. I'll wait for a turnaround before I take my wallet out.

LittleBT

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Re: South Africa Top 40
« Reply #22 on: September 19, 2013, 09:31:39 am »
Ben's holding out on tapering seems good for our markets. Good news for now, but is it sustainable?
Will have to enjoy the long whilst it lasts...

Moneypenny

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Re: South Africa Top 40
« Reply #23 on: September 19, 2013, 04:47:14 pm »
Up over 900 points atm, and there is a small divvie on longs also for today.

Bevan

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Re: South Africa Top 40
« Reply #24 on: January 09, 2014, 08:44:47 am »
I'm using the SA Top 40 futures chart from IG markets below....

The market is currently cross-current (momemtum pushing down against positive trend) so expect choppy conditions to continue. My favourite analogy is when the wind (momentum) blows counter to the prevailing current (trend) then you get choppy conditions. When the wind and current are moving in the same direction this cause big swells in that direction. This is when both long term and short term investors act together, instead of against each other.

However, although momentum is moving down it is still positive (i.e. in upper half of bottom chart) so expect bias to upside still. Wall Street is in a similar "wait and see", choppy mode so I don't expect any fireworks or big moves this week. The market is most likely expecting some data points and / or a statement about or from Yellen.

Out of interest, a recession usually follows the appointment of a new Fed Reserve chair.....
Volcker, appointed 1979, recession 1981 1982
Greenspan, appointed 1987, recession 1990 1991
Bernanke, appointed 2006, recession 2008 2009
Yellen, appointed 2014, recession ............

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Bevan

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Re: South Africa Top 40
« Reply #25 on: January 10, 2014, 03:37:35 pm »
Non Farm Payrolls just in at 74K vs. 196K consensus. Unemployment at 6.7% versus 7% consensus. Non farm payrolls is very weak and seems to be leading Wall Street down for now.

However, Yellen has said she will target unemployment and therefore this could also be read as positive. However, as most traders are addicted to QE stimulus and a healthier full employment economy now means that the Queen Dealer (Yellen) will be pulling their stash (tapering) quicker than they had previously wished for.

Strange days. Market still choppy and cross current but if we see an up push on Wall Street tonight we "should" see an upside breakout early next week for both Wall Street and JSE. This would be very bullish as momentum moves back up in line with trend. Not confirmed yet however and market currently looking to chop around sideways for now.

« Last Edit: January 10, 2014, 03:47:27 pm by forward curve »
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Bevan

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Re: South Africa Top 40
« Reply #26 on: January 13, 2014, 10:06:56 am »
Market still choppy but waiting for an upside breakout here. Should continue to tread water sideways for today although any good news on Wall Street etc. could easily see the market run up 1,000 points here.

Definitely should not be short. Eager traders might consider entering anticipation longs as downside is limited. However, may be able to get better entry point later on as upside move not confirmed yet.


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Bevan

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Re: South Africa Top 40
« Reply #27 on: January 13, 2014, 12:42:04 pm »
Not liking the price action on JSE or Dow futures. Would definitely hold off on entering any new longs for now.
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aspire

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Re: South Africa Top 40
« Reply #28 on: January 13, 2014, 04:07:55 pm »
Not liking the price action on JSE or Dow futures. Would definitely hold off on entering any new longs for now.

Haven't noticed anyone using charts on the competition. Why don't you give it a go?

Bevan

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Re: South Africa Top 40
« Reply #29 on: January 24, 2014, 10:06:06 am »
Markets looking a little shaky here. If we don't see a rally on the street today then we could continue this downward grind into February, potentially shaving off a 1,000 points on Top 40 before momentum turns back up. However, downward moves from here will be quick and sharp, probably only lasting a few days. Very similar setup to first few days in January this year (see chart). However, we haven't seen a downside trigger yet so price action today is very important for next week's direction.
Audi, vide, tace, si vis vivere in pace. Pax vobiscum.
Happiness belongs to the self-sufficient - https://www.thrivecentre.co.za