GT247.com Trading Blog

Blue chips pull back as rand stages mild recovery

14 August 2018 /

The JSE eased on Tuesday as rand hedges retreated due to the firmer rand

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Cryptocurrency Newsflash - 14 August 2018

14 August 2018 /

Cryptocurrencies just can’t seem to catch a break as we saw Bitcoin fell over 6% below $6000 per coin in the Tuesday morning trading ...

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Emerging markets under pressure thanks to Turkey’s state of affairs

14 August 2018 /

The economic troubles in Turkey have gripped global financial markets, with investors scrambling to determine whether and how far pain ...

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Turkish currency crisis continues to weigh on emerging markets

13 August 2018 /

The JSE and European counters dragged lower on Monday after the Turkish lira slumped to a new all-time low overnight. The contagion arising ...

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Your Monday Wake Up Call 13 August 2018

13 August 2018 /

An emerging market currency rout is currently underway due to the slump in the Turkish Lira. As of Monday morning, we have seen the rand ...

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Emerging markets suffer with geopolitical tensions

13 August 2018 /

Markets fell across the globe, with events in Turkey dominating. The lira recovered some of Friday’s drop as Turkey’s central bank took ...

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Turkish Lira implosion spells trouble for emerging markets

10 August 2018 /

8 August 2018 /

As a result of the earnings season, we witnessed the U.S. stocks approaching fresh all-time highs. For instance, the S&P500 index closed at ...

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JSE rallies on the back of positive Chinese sentiment

7 August 2018 /

26 July 2018 /

The sentiment around the summit is positive with South Africa dubbed as the ‘gateway to Africa’. The BRICS members have said that there is ...

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Trade worries weigh on stocks

25 July 2018 /

17 July 2018 /

The oil price took a considerate decline to a near three-week low. The move was triggered after an offer from Saudi Arabia to add more ...

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Weaker Chinese data weighs on global markets

16 July 2018 /

The JSE started the week on the backfoot as weak Chinese growth numbers weighed on global markets. Chinese GDP QoY came in at 6.7% which ...

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Technical trade AUD / USD - 16 July 2018

16 July 2018 /

13 July 2018 /

The global markets closed positive yesterday as China is yet to retaliate to the tariff increase threats from the United States. Today, the ...

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Stronger rand weighs on the JSE

12 July 2018 /

9 July 2018 /

The United States and China implemented their import tariffs on one-another on Friday. U.S and Asian markets are up after the tariffs were ...

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Softer close for the JSE after bourse erases earlier gains

6 July 2018 /

4 July 2018 /

China threw the first punch ahead of tariffs expected to be imposed on the country by the United States. a Chinese court temporarily banned ...

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U.S. Non-Farm Payrolls [NFP] release Friday 6th July 2018

4 July 2018 /

US Non-Farm Payroll Release It is time again for the monthly US Non-Farm Payroll (NFP) numbers to be released. The US Non-Farm Payroll ...

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The JSE closes firmer after muted start

3 July 2018 /

The JSE closed firmer on Tuesday following a flat trading session in which the index struggled to find a catalyst for direction. Local ...

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Glencore DOJ investigation perspective by Mark Ingham

3 July 2018 /

Just as Glencore thought it had put a few headaches behind it in DR Congo, the miner receives a subpoena from the US Department of Justice ...

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Today marks the last day to trade to get dividends

3 July 2018 /

If you would like to get some dividends on a number of companies, today marks the last day to trade.

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Local bourse retreats as trade concerns linger

2 July 2018 /

28 June 2018 /

The Dollar index tested its highest point in a week translating to the financial sector to drop by 2.57%. The MSCI Currency Index is ...

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JSE buoyed by recovery in global equities

27 June 2018 /

The JSE recovered from an earlier slump to close the day firmer on Wednesday as global equities staged a minor recovery. The local bourse ...

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Local Gold sector drops the JSE

27 June 2018 /

Another death of a miner affects the companies share price. Gold dropped by 0.45% in yesterday’s trading session and the JSE ALSI drops ...

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JSE erases earlier gains to end the day weaker

26 June 2018 /

The JSE erased earlier gains to close weaker on Tuesday as index heavyweight Naspers dragged the blue chips lower. Naspers [JSE:NPN] traded ...

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Technical trade DAX 30 Index - 26 June 2018

26 June 2018 /

Trade idea on the DAX 30 Waning economic data out of Germany over the last six months has seen German IFO business climate sentiment Index ...

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Kumba Iron Ore, trading statement context

26 June 2018 /

Kumba Iron Ore, trading statement context First half earnings will be a lot lower than the first half of F2017. Whilst KIO is guiding ...

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Last day to trade to get some dividends

26 June 2018 /

A number of companies are going ex-dividends tomorrow. Hold the instrument today at close of business to qualify for the dividends.

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JSE closes weaker due to increased trade war concerns

25 June 2018 /

19 June 2018 /

The JSE trended lower along with other global equity markets as trade concerns continued to dominate market sentiment. Donald Trump ...

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Technical trade note Truworths - 19 June 2018

19 June 2018 /

Trade idea on Truworths International Limited (TRU) The price of Truworths International Limited (TRU) has been consolidating over the last ...

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China, your move

19 June 2018 /

The markets continue to react to the unwanted trade war between the U.S and China. Stock markets around the world dropped and Bitcoin and ...

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Markets tumble as China retaliates to trade tariffs

18 June 2018 /

Global equities started the week on the backfoot as China retaliated to the USA’s tariffs. China has threatened to impose tariffs on US oil ...

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Anglo American in a good space with respect to the draft mining charter 18 June 2018 by Mark Ingham

18 June 2018 /

Anglo American “Anglo American in a good space with respect to the draft mining charter” Sector: Mining Share ...

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Your Monday Wake Up Call 18 June 2018

18 June 2018 /

What to look forward to this trading week Central bank rate decisions grabbed the headlines last week and particularly the US Fed which ...

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Trade war begins

18 June 2018 /

The U.S threw the first punch in a trade fight and now Xi Jinping has no choice but to match Donald Trump blow for blow. In The U.S ...

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Markets slide as US announces tariffs on China

15 June 2018 /

Global markets including the JSE retreated on Friday after the USA announced tariffs on $50 billion worth of Chinese goods and services. ...

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Technical trade note ALSI - 15 June 2018

15 June 2018 /

We have seen a steady decline in the Rand over the last couple of trading sessions due to economic and political uncertainty combined with ...

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Eventful week ends with investor focus in Asia

15 June 2018 /

After the ECB conference yesterday, we saw a rally in the European markets as rates remain unchanged as expected and the announcement that ...

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Pressure mounts on emerging markets as US raises rates

14 June 2018 /

The JSE barely managed to close firmer on Thursday as it trended mostly lower along with other emerging market economies. Emerging market ...

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Federal Reserve raises rates, focus now on ECB conference

14 June 2018 /

The Federal Reserve raised the interest rates for a second time this year to 2%. Emerging markets to remain under pressure and investors ...

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Rand hedges lift the JSE

13 June 2018 /

The JSE rose on Wednesday as Rand hedges lifted the local bourse due to the weaker Rand. The Rand came under pressure in the morning ...

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Grindrod Shipping listing on NASDAQ 13 June 2018 by Mark Ingham

13 June 2018 /

Grindrod With respect to the impending Primary Listing of Grindrod Shipping on the NASDAQ (18 June 2018) and Secondary Listing on the JSE ...

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Technical trade note Old Mutual PLC - 13 June 2018

13 June 2018 /

Trade idea on Old Mutual PLC (OML) This Old Mutual PLC (OML) trade opportunity was brought to my attention by Piru Harington who is one of ...

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How the FED interest rate decision will impact South Africa

13 June 2018 /

U.S Federal Reserve (FED) interest rate decision & impact on South Africa. The U.S. Federal Reserve's Federal Open Market Committee (FOMC) ...

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Investors looking towards today’s Federal Reserve meeting

13 June 2018 /

Investors have their attention on the Federal Reserve meeting that will be at 8pm local time to see if the U.S will raise interest rates. ...

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JSE mildly firmer amid indecision on the Trump-Kim summit

12 June 2018 /

The JSE closed firmer on Tuesday as global markets were undecided on the implications of the meeting between Donald Trump and the North ...

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Technical trade note GBP/USD - 12 June 2018

12 June 2018 /

Trade idea on GBP/USD The GBP/USD (cable rate) has been moving lower as we see U.K Prime Minister Theresa May’s landmark Brexit deal goes ...

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U.S and North Korea summit starts today

12 June 2018 /

Historic summit between President Donald Trump and North Korea’s leader marks the first face-to-face encounter between a sitting U.S. ...

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Markets flat after muted trading session

11 June 2018 /

The JSE closed flat on Monday after a relatively muted trading session. The local bourse struggled to find impetus for significant momentum ...

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Rand tumbles as emerging markets sell-off continues

8 June 2018 /

The JSE closed weaker on Friday as emerging market currencies led by the Rand, tumbled against the greenback. The Rand weakened to its ...

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Sibanye Gold Limited (trading as Sibanye-Stillwater) 07 June 2018 by Mark Ingham

8 June 2018 /

Sibanye has halved in price since the announcement on 14 December 2017 that Sibanye and Lonmin reached agreement on the terms of a ...

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Rand takes a knock as JSE closes in the green

7 June 2018 /

The JSE closed firmer for a second consecutive session as Rand hedge stocks extended their gains on the back of the weaker Rand. The Rand ...

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Harmony Gold Mining Company Limited 06 June 2018 by Mark Ingham

7 June 2018 /

As part and parcel of the Moab Khotsong acquisitions, Harmony has successfully raised new capital via an initial share placement and a ...

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Technical trade note NASDAQ - 01 June 2018

7 June 2018 /

Update – NASDAQ trade note – 07/06/2018 Our Non-Farm Pay rolls trade idea on the NASDAQ has had a stellar run and reached our first target ...

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Ethereum-based blockchain proof of concept trial a success in South Africa

7 June 2018 /

South Africa’s central bank has revealed astonishing results of Project Khokha, its proof-of-concept trial to replicate interbank payments ...

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JSE rises as market shrugs off disappointing growth numbers

6 June 2018 /

The JSE rebounded to close firmer on Wednesday as the market recovered from the previous session’s slump. There was a minor disappointment ...

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GDP numbers disappoint investors

6 June 2018 /

Yesterday the GDP numbers came worse than expected with the graph below reflecting the different sectors and their contribution. This ...

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Local stocks slide as SA GDP disappoints

5 June 2018 /

The JSE was dragged lower on Tuesday as South African GDP data released by StatsSA missed most analysts’ expectations. The South African ...

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Sasol - Forward spot EPS surges, 05 June 2018

5 June 2018 /

Sasol | Fundamental and Technical Note “Forward spot EPS surges” Sector: Energy Share price: R479 Net shares in issue: 610,7 ...

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Technical trade note BARCLAYS [JSE:BGA] - 05 June 2018

5 June 2018 /

Trade idea on Barclays Africa Group Ltd. (BGA) I have been keeping an eye on Barclays Africa Grp Limited (BGA) after a head and shoulder ...

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6 vs 1 as the U.S and Allies prepare to meet at G7 summit

5 June 2018 /

President Donald Trump is headed for a head-to-head with America’s allies at a Group of Seven summit this week, with the European Union and ...

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JSE tracks higher in line with other global markets

4 June 2018 /

The JSE was lifted on Monday as global markets responded positively to Friday’s upbeat US jobs report. US major indices gained over 1% on ...

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Your Monday Wake Up Call 04 June 2018

4 June 2018 /

What to look forward to this trading week Donald Trump is looking to impose tariffs on steel and aluminium products from Canada, Europe and ...

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Technical trade note PALLADIUM [XPD/USD] - 04 June 2018

4 June 2018 /

Technical take on Palladium (XPD/USD) The commodities have been in focus over the last couple of months with the looming trade war between ...

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Trade tensions increase between U.S and China

4 June 2018 /

China has warned it will withdraw from commitments it made on trade if U.S. President Donald Trump carries out a separate threat to impose ...

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JSE closes firmer as global stocks rise amid Italian coalition deal

1 June 2018 /

30 May 2018 /

The political turmoil in Italy has investors nervous, which has led to a selloff in emerging market stocks and currencies. The main concern ...

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Global markets weaker as Italian political situation worsens

29 May 2018 /

The JSE closed weaker on Tuesday as concerns about Italy induced a sell-off in global equities. Italy’s short-dated and long-dated Treasury ...

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STAR interim result assessment 29 May 2018 by Mark Ingham

29 May 2018 /

25 May 2018 /

The JSE closed firmer on Friday after a cautious trading session where volatility was relatively subdued.

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Geopolitical tensions increase after U.S president cancels summit with North Korea

25 May 2018 /

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SARB rate decision market implications by Mark Ingham

25 May 2018 /

SARB rate decision probably net supportive of ZAR but rate cutting is unlikely for the near future as the SARB is reluctant to be ...

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Local bourse loses steam to end the day in the red

24 May 2018 /

The JSE closed softer on Thursday after the local bourse failed to grasp onto its earlier gains.

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Trade idea on the USD/ZAR currency pair - 24 May

24 May 2018 /

Trade idea on the USD/ZAR currency pair. Looking at the USD/ZAR today, we might see some movement in the currency due to the Reserve Bank ...

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Morning Podcast - "Trump casts doubt over talks"

23 May 2018 /

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JSE erases earlier losses to close firmer

22 May 2018 /

The JSE closed firmer on Tuesday despite briefly trading in the red after the index opened weaker. The majority of the blue-chip index’s ...

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SP500 - technical trade note 22 May 2018

22 May 2018 /

Trade Idea on S&P 500 I have been following the movement of the S&P 500 closely over the last couple of weeks and with the re-test of the ...

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Kumba Fundamental Update 22 May 2018 by Mark Ingham

22 May 2018 /

Kumba is maintaining its production target at 44 to 45 million for the year and is targeting margin expansion and life-of-mine extension.

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Earning results due today

22 May 2018 /

Geopolitical tensions have eased as the Trade war discussions have been put on the back burner in the time being. A number of companies on ...

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JSE closes flat after erratic trading session

21 May 2018 /

15 May 2018 /

The JSE closed weaker on Tuesday after coming under significant pressure following the opening of US equity markets this afternoon. The ...

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Technical Trade Note Glencore PLC [JSE:GLN] 15 May 2018

15 May 2018 /

Technical trade note Glencore PLC (GLN) (15/05/2018) Glencore PLC (GLN) is setting up for a buy if we can get a close above 6492c per ...

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Rand weakens as 10 year yields flirt with 3%

15 May 2018 /

The 10 year US treasury bonds went to flirt with the 3 % mark once more to have the dollar index firmer against Emerging markets. Investors ...

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JSE gains towards the close

14 May 2018 /

The JSE got off to a slow start but it managed to gain towards the close to end the day firmer on Monday.

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Technical Trade Note AUD/CHF - 14 May 2018

14 May 2018 /

Update – (16/05/2018) - AUD/CHF

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Your Monday Wake Up Call 14 May 2018

14 May 2018 /

What to look forward to this trading week Donald Trump’s decision to reinstate sanctions on Iran was the major headline for last week as ...

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OPEC states to have ‘enough’ spare production to cushion Iran situation

14 May 2018 /

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JSE adds to gains on Friday 11 May 2018

11 May 2018 /

The JSE recorded a third consecutive session of gains which saw the local index close firmer on Friday.

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Q1 Tencent results due 16 May 2018 by Mark Ingham

11 May 2018 /

Tencent, now 31,2% owned by Naspers after selling 190 million shares or 2% of the 9,5 billion Tencent stock in issue, is reporting ...

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A retracement in the greenback gives strength to the Rand

11 May 2018 /

Throughout the week the Rand has been in a tough spot due to the Dollar strengthening, however yesterday, we witnessed a retracement in the ...

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Financials lift the JSE

10 May 2018 /

The JSE inched higher on Thursday as financials and index heavyweight Naspers lifted the local bourse. Local economic data disappointed as ...

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Sasol diesel pricing update by Mark Ingham

10 May 2018 /

Latest trends in diesel are positive for Sasol. Diesel pricing is reflecting growth in industrial production, with international distillate ...

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UK Interest Rate Decision

10 May 2018 /

The Bank of England (BOE) monetary policy committee will be releasing their interest rate decision today at 13:00 South African time. ...

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WTI oil price climbs in response to the US’s decision to withdraw from the Iran nuclear deal

10 May 2018 /

As the most recent new development in geopolitical headlines, where the U.S has announced its decision to withdraw from the Iran nuclear ...

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JSE closes firmer as global markets react to Iran deal exit

9 May 2018 /

The seesaw on the JSE continued as the local bourse managed to close firmer on Wednesday. The big discussion in global markets today was ...

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Technical Trade Note Brent Crude Oil

9 May 2018 /

Trade idea on BRENT CRUDE OIL (ICE) The oil prices have swung wildly the last couple of days and with the U.S pulling out of the Iran ...

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Oil price climbs after U.S president withdraws from Iran nuclear deal

9 May 2018 /

At 8pm, local time, we saw U.S President Donald Trump announce that the United States will be withdrawing from the Iran nuclear deal. The ...

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JSE softer ahead of Trump's decision on Iran

8 May 2018 /

The JSE closed weaker on Tuesday as stocks retreated from their mildly firmer close on Monday. Rand hedge stocks benefitted from the weaker ...

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Technical Trade Note Clicks [JSE:CLS]

8 May 2018 /

4 May 2018 /

2 May 2018 /

The JSE closed firmer on Wednesday after a relatively flat trading session in which the local bourse struggled for direction. Local ...

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Updated Mondi Limited JSE:MND - technical trade note 2 May 2018

2 May 2018 /

26 April 2018 /

South Africa's rand tumbled to its weakest in more than the three months while bonds also slipped, as a rally in the dollar and U.S. ...

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Dollar rally sends global equities lower

25 April 2018 /

Old Mutual - Ready for London exit by Mark Ingham

17 April 2018 /

Old Mutual has not been a favoured choice for me in insurance, with Discovery my top pick, followed by Sanlam. Old Mutual’s Belville ...

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Steinhoff in a bottom-less pit

17 April 2018 /

11 April 2018 /

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Trade idea on Old Mutual PLC (OML)

11 April 2018 /

Trade idea on Old Mutual PLC (OML)

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Markets rally on China's positive sentiments

10 April 2018 /

Global equity markets including the JSE gained on Tuesday after China’s president struck a positive tone with regards to his country’s ...

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Compagnie Financiere Richemont SA JSE:CFR - technical trade note

10 April 2018 /

Trade idea on Compagnie Financiere Richemont SA (CFR) The price action in Compagnie Financiere Richemont SA (CFR) has been testing the ...

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4 April 2018 /

US Non-Farm Payroll Release Yes, folks it is that time again for the monthly US Non-Farm Payroll (NFP) numbers to be released. The number ...

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$USDCAD - Forex technical trade note

4 April 2018 /

I am looking to place a short trade on the USD/CAD as I have spotted a Head and Shoulders technical pattern on the currency pair. Also keep ...

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$USDJPY - Forex technical trade note

4 April 2018 /

I have spotted an inverse Head and Shoulders technical pattern on the USD/JPY currency pair and I am looking to place a long trade. Please ...

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Murray & Roberts scores big with mining project

4 April 2018 /

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Trade war weighs on the JSE

3 April 2018 /

The threat of a trade war between the USA and China has sent jitters into global equity markets and the JSE has not been spared. The local ...

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Tech stocks pulling the US markets down

3 April 2018 /

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Relief for the JSE

29 March 2018 /

The JSE found some relief on Thursday as it closed firmer following consecutive trading sessions of significant losses.

23 March 2018 /

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Naspers drags JSE lower

22 March 2018 /

The JSE closed weaker on Thursday mainly on the back of a sell-off in Naspers which came under significant pressure following the ...

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Naspers valuation update on Tencent sell-down

22 March 2018 /

Naspers’s sale of Tencent shares in the amount of 190 million, which is 2% of the 9,5 billion in issue, will realise around $10 billion. ...

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Retail sales numbers to be released

22 March 2018 /

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Richer Ramaphosa Rating - Big 4 banks by Mark Ingham

22 March 2018 /

The big four banks, FirstRand, Standard Bank, Barclays Africa Group, and Nedbank, are particularly sensitive to fluctuations in long bond ...

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CPI data sends retailers soaring

20 March 2018 /

The local bourse continued to struggle to find direction in early trade on Tuesday after US markets closed the day weaker on Monday ...

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Adding divergence to your trading arsenal

20 March 2018 /

Trading Education How to use Divergence Divergence is just one of the many Technical Analysis tools that traders use to determine whether ...

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Trade war hurts global markets

20 March 2018 /

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Sluggish start to the week for the JSE

19 March 2018 /

The JSE closed flat on Monday after another sluggish trading session in which the local bourse struggled to find direction.

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Your Monday Wake Up Call 19 March 2018

19 March 2018 /

What to look forward to this trading week It’s a brand new week and with it comes a chance to look at things with a relatively new ...

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NASDAQ - Potential "short" technical note

19 March 2018 /

I will be looking to place a short trade on the NASDAQ as it seems to be breaking out of a rising wedge formation. I am looking for a close ...

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Nasdaq in focus

19 March 2018 /

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Market struggles to find direction

16 March 2018 /

The local equity market was mixed on Friday in a session where the JSE swung between the red and green, as it struggled to gain significant ...

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EOH share price continues to drop

16 March 2018 /

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JSE erases earlier gains to close lower

15 March 2018 /

The JSE erased its earlier gains to close weaker on Thursday following a similar reversal in some of the blue-chip counters.

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EOH share price free falls after releasing unfavourable results

15 March 2018 /

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Retailers weigh on the JSE

14 March 2018 /

The JSE closed weaker on Wednesday as retailers and Naspers dragged the local index lower.

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Naspers - Potential "buy" technical note

14 March 2018 /

Naspers has presented a trade opportunity, and I am looking to go long as the price action has broken out from a descending channel, and a ...

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Imperial Holdings- A potential "short" technical note

14 March 2018 /

I am looking to place a short trade on Imperial Holdings Limited if I get a daily close below the 23700c level. The technical set up looks ...

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Progressive dividend hard to justify - MTN [JSE:MTN] by Mark Ingham

14 March 2018 /

What was noteworthy about the 2017 annual result was a return to a “progressive” dividend policy, the sort of policy that hit a buffer once ...

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Global equity markets under pressure

14 March 2018 /

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Local equities softer after a flat trading session

13 March 2018 /

The JSE closed weaker on Tuesday following a rather lukewarm trading session where the bourse traded mostly flat.

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Local manufacturing production numbers are expected today

13 March 2018 /

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JSE firms on positive global sentiment

12 March 2018 /

The JSE started the week on a positive note as it was buoyed by the current positive sentiment in global equity markets.

8 March 2018 /

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Volatile trading session for the JSE

7 March 2018 /

The JSE tracked lower on Wednesday in a session that was characterised by significant volatility.

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RMB holdings to release results today

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Market slide persists as Trump proposes tariffs

2 March 2018 /

The JSE slid further on Friday in line with global markets on the back of Donald Trump’s proposed tariffs on steel imports into the USA. ...

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EUR/USD - GO LONG (WITH CAUTION)

26 February 2018 /

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S&P 500 INDEX - Temporary pullback

26 February 2018 /

Trading the USD/ZAR currency pair ahead of the budget speech

21 February 2018 /

*You can only trade this currency pair with the GT247.com USD account. Today’s budget speech (21 February 2018) is probably the most ...

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A budget speech for the new era

21 February 2018 /

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JSE traded weaker today

20 February 2018 /

Local

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USD/ZAR - Technical Trade Note

20 February 2018 /

USD/ZAR – Daily Recommendation: LOOK TO GO LONG RANDS AGAIN *You can only trade this currency pair with the GT247.com USD account. ...

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Ashanti Gold and African Rainbow Minerals to release results

20 February 2018 /

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Local equities weaker as euphoria fades

19 February 2018 /

The JSE closed weaker on Monday as the blue chip counters weighed down on the local bourse. The euphoria from last week’s political events ...

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BHP Billiton & Anglo American PLC - Technical Notes

19 February 2018 /

Potential Long Trades: Musa Makoni gives us two possible long trades to consider. BHP Billiton and Anglo American PLC. Will one take off? ...

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Your Monday Wake Up Call 19 February 2018

19 February 2018 /

What to look forward to this trading week

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Morning Podcast - Minor Rand weakness

19 February 2018 /

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JSE eases as investors take profit

16 February 2018 /

Local JSE eases as investors take profit after the biggest one-day rally in three years, the All-Share consolidated down 0.69%, with the ...

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South African political tailwind - Anglo American by Mark Ingham

16 February 2018 /

A week is a long time in politics, a quote attributed to British Prime Minister Harold Wilson. In South Africa, the winds of political ...

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Morning Podcast JSE Roundup

16 February 2018 /

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JSE responds positively to new President

15 February 2018 /

Local JSE responds positively to the new President of the Republic, Cyril Ramaphosa, who was sworn in earlier today following the ...

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Late Summer Rains - The resignation of Zuma

15 February 2018 /

It is finished and, no, it was not just a wet dream, the era of Jacob Gedleyihlekisa Zuma is now behind us and a new dawn has begun in ...

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Morning Podcast, Zuma resigns and we look at trading the ALSI

15 February 2018 /

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JSE edges up slightly

14 February 2018 /

Local JSE edges up slightly, in cautious trade, as the market waits in anticipation for President Jacob Zuma to resign by midnight or be ...

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13 February 2018 /

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JSE strengthens

12 February 2018 /

Holding the line- VODACOM [JSE:VOD] by M N Ingham

5 February 2018 /

Vodacom released a reasonable Q3 F2018 trading update but there is little fundamental reason to warrant a valuation upgrade. I tend to view ...

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Your Monday Wake Up Call 05 February 2018

5 February 2018 /

What to look forward to this trading week The ANC top committee met with President Jacob Zuma over the weekend to try and persuade him to ...

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Global equity sell-off continues- Morning Podcast

5 February 2018 /

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JSE closes week in the red

2 February 2018 /

Local

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Research Note on Gold (XAU)

2 February 2018 /

Research on Gold (XAU) I am looking to long Gold (XAU) yet again and I am looking for a clear break and close above $ 1352/ ounce level ...

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Wall Street 30 - Technical Trade Note

2 February 2018 /

Trade idea on Wall Street 30 I am looking to get into the Wall Street 30 for a long trade, I know that the index has been running hard but ...

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Today is NFP Day! - Your Morning Market Podcast

2 February 2018 /

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Gold inches up in today's trading

1 February 2018 /

Local The JSE closed lower on Thursday after a mixed session where the index failed to get a clear direction, the All-Share was 0.42% ...

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Mr Price trade - UPDATE 2

1 February 2018 /

UPDATE 2: Another Update on MR Price Limited (MRP) and still in the money The price on MR Price Limited (MRP) is still moving higher and I ...

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U.S. Non-Farm Payrolls [NFP] release Friday 2 Feb 2018

1 February 2018 /

US Non-Farm Payroll Release Friday is jobs day in the U.S.—with the January Non-Farm Payrolls being released on the 2nd of Feb at 15:30 in ...

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U.S. Fed leaves rates unchanged - Your Morning Market Podcast

1 February 2018 /

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Crypto set for largest monthly decline since December 2013

31 January 2018 /

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Mispriced - MR PRICE [JSE:MRP] by M N Ingham

31 January 2018 /

Mr Price is a good apparel retailer that is mispriced. After climbing by 37% since the end of November and by over 60% in six months the ...

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Understanding Quantitative Easing and Tapering

31 January 2018 /

What is 'Quantitative Easing' Quantitative easing is an unconventional monetary policy in which a central bank purchases government ...

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29 January 2018 /

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JSE edges lower as banking stocks cool

26 January 2018 /

The JSE cooled on Friday, ending off a largely positive week on a down note. The rand steadied against the dollar, trading at R11.85 ...

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Long trade for Telkom

26 January 2018 /

Trade summary: Long TKG Entry: 5000c Stop Loss: 4500c Target price: 6000c The share price has been under ...

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Short trade for Kumba Iron Ore

26 January 2018 /

Trade summary: Short KIO Entry: 35500c Stop Loss: 39000c Target price: 30300c The stock has been having a great ...

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Brent Crude - Technical Take

26 January 2018 /

Technical take on Brent Crude

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Positive week for SA - Your Morning Market Podcast

26 January 2018 /

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The Rand weakens slightly in today's trading

25 January 2018 /

The JSE closed mixed on Thursday, with the All Share index slightly firmer while the futures market was lower. Asian markets set the tone ...

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The Power of the Rand

25 January 2018 /

In recent days we have seen the Rand take strides and strengthen against the major currencies but more so against the US dollar, which has ...

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Expensive, even at $74/ton spot iron ore - Kumba Iron Ore by M N Ingham

25 January 2018 /

Kumba is now significantly overvalued on a fundamental evaluation. Despite easing back to around R350 per share from highs above R400 a ...

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Mr Price - First target reached (UPDATE)

25 January 2018 /

In the Money and Update on MR Price Limited (MRP) My MR Price Limited trade has finally reached my first target price of 27522c as seen in ...

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Capitec - First Target Reached (UPDATE)

25 January 2018 /

TRADE CONCLUDED: In the money stop loss of R1035.00 triggered on the 26 January 2017. First target of R1060.50 reached. Take half profits ...

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Talking about the Rand - Your Morning Market Podcast

25 January 2018 /

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Increased political optimism strengthens Rand

24 January 2018 /

The JSE traded firmer on Wednesday, as increased optimism surrounding South Africa’s political economy boosted financials.

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Inflation - Your Morning Market Podcast

24 January 2018 /

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JSE climbs along with positive global markets

23 January 2018 /

The JSE continued its climb on Tuesday, aligned with positive global markets.

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GBP/USD - Technical Trade Note

23 January 2018 /

Technical take on GBP/USD As you can see from the stochastic oscillator this currency pair has been in an overbought level for a while. ...

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CAC 40 and EURO STOXX 50 - Technical Trade Note

23 January 2018 /

Double Technical Take CAC 40 and EURO STOXX 50 Barry Dumas gives two technical takes on these Index's.

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Naspers - Technical Trade Note

23 January 2018 /

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The mighty ZAR Your Morning Market Podcast

23 January 2018 /

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Bullish financial sector leads JSE

22 January 2018 /

The JSE closed firmer on Monday as a bullish financial sector continues to drive the market.

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Capitec - Go Long

22 January 2018 /

According to the Andrew’s Pitchfork technical analysis tool, Capitec is testing a key support level. Due to the strengthening Rand I expect ...

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Mischievous rumblings or grains of truth? - by M N Ingham

22 January 2018 /

Mr Price - Technical Trade Note

18 January 2018 /

Trade note on Mr Price Group Limited (MRP)

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Your Morning Market Podcast

18 January 2018 /

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JSE climbs higher as Rand sensitives perform well

17 January 2018 /

Retail and financial stocks lifted the JSE on Wednesday as they recorded another day of gains. Retail Sales data released by StatsSA beat ...

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Clicks - Technical Trade Note

17 January 2018 /

Retail results came out for the South African market today and they were very successful. Clicks performed very well last year and I am ...

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Palladium - Go Long

17 January 2018 /

Palladium has had a stellar rally recently but it recently recorded a minor retracement. Short-to-medium forecasts anticipate increased ...

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Your Morning Market Podcast

17 January 2018 /

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Financials rally on the back of a firmer Rand

16 January 2018 /

The JSE tracked higher on Tuesday as the Rand propelled financial stocks higher.

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AUD/EUR - Technical Trade Note

16 January 2018 /

AUD/EUR – Daily Recommendation: SELL SHORT Trend: Short-term sideways. Med-term down. Strategy: Sell short on an intraday break of its ...

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Woolworths JSE:WHL - Technical Trade Note

16 January 2018 /

On 16 November I put out a short trade on WHL. The trade was stopped out as a result of the retail sector booming on the back of the strong ...

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Nikkei 225 - Technical Trade Note

16 January 2018 /

Trade idea on Nikkei 225 (NI225)

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Your Morning Market Podcast - Mining

16 January 2018 /

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Miners lead the JSE higher

15 January 2018 /

The JSE closed firmer on Monday as miners led the way on the back of firmer commodity prices. On the top gainers, AngloGold Ashanti ...

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Earnings in Davy Jones' locker - [JSE:WHL] by M N Ingham

15 January 2018 /

I’ve had a Sell recommendation on Woolworths for some time. In fact, three years back I advised that “Woolies has its hands full with its ...

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Your Monday Wake Up Call 15 January 2018

15 January 2018 /

What to look forward to this trading week The oncoming of the new year brings with it the hope and desire for better outcomes compared to ...

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Your Morning Market Podcast

15 January 2018 /

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Pressure continues for Steinhoff

12 January 2018 /

Local

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EUR/USD - Technical Trade Note

12 January 2018 /

EUR/USD – Daily Recommendation: BUY Trend: Up on all main timeframes. Strategy: Buy at current levels, and/or on a minor pullback.

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Trump's gift to Sasol - [JSE:SOL] by M N Ingham

12 January 2018 /

In December, US President Donald Trump signed into law H.R. 1, originally known as the “Tax Cuts and Jobs Act.” There are major changes to ...

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Machines, Unicorns... Traders, 2018 Goals!

12 January 2018 /

I reminisce about the day I walked into the GT247.com trading room for the very first time many years ago. I was a complete noob to trading ...

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11 January 2018 /

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Your winners and losers on the JSE today

10 January 2018 /

Local A mixed day for our local market saw resources and gold miners trade higher up 1.36% and 2.05% respectively. Harmony Gold [JSE:HAR] ...

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Quick response saves Aspen share price

10 January 2018 /

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Gold prices retreat further today

9 January 2018 /

Local Another good day for the local market with the All-Share index closing up 0.13%, the blue-chip Top40 up 0.12%, industrials up by ...

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Music to your ears - Naspers & Tencent by M N Ingham

9 January 2018 /

Tencent, 33,3% owned by Naspers, is not short on corporate activity or pipeline. Spotify, a leader in music streaming, and Tencent Music ...

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Steinhoff bonds dropped by ECB

9 January 2018 /

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A good day for the JSE

8 January 2018 /

President Jacob Zuma survives for now as Ramaphosa calls for unity within the party ahead of Wednesdays meeting, where a proposal to order ...

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"Another cabinet reshuffle in the UK" Market Podcast 8 Jan 2018

8 January 2018 /

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U.S. Non-Farm Payrolls [NFP] release Friday 5 January 2018

5 January 2018 /

US Non-Farm Payroll Release Friday is jobs day in the U.S.—with the November Non-Farm Payrolls being released on Friday the 5 of January at ...

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"Taking a look at USD and gold" Market Podcast 2 Jan 2018

2 January 2018 /

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"how bout the FTSE" Podcast 22 December

22 December 2017 /

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JSE higher as global markets rally

21 December 2017 /

The JSE climbed higher in line with broadly stronger global markets.

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Richemont [JSE:CFR] pressure from strong rand

21 December 2017 /

Richemont the ultimate rand hedge has developed a head and shoulders in recent times. If you’re bullish on the rand after the news that ...

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"Bazza goes long euro" 21 December podcast

21 December 2017 /

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JSE closes lower in mixed trading

20 December 2017 /

The JSE closed mixed on Wednesday, with the All Share index receding 0.24% while the blue-chip Top 40 closed flat.

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Brent Crude [ICE] Trade Note

12 December 2017 /

Brent Crude Oil (ICE) trade note The price in oil is on the rise after the OPEC meeting and Brent Crude Oil (ICE) has presented me with an ...

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S&P 500 and Wall Street 30 Technical Notes (Updated)

12 December 2017 /

Young Barry Dumas takes a look at the S&P 500 and Wall Street 30 technicals this festive season where a rally in both indices can be ...

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Your Morning Market Podcast 12/12/2017

12 December 2017 /

Manufacturing production numbers to be released

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Steinhoff recoups some of it's previous losses

11 December 2017 /

8 December 2017 /

It's NFP day today! Read more about NFP (Non-Farm Payrolls)

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Big moves down for Steinhoff International Holdings

7 December 2017 /

This morning saw a better than expected Foreign Reserves number come out at 50.30B compared to the forecast of 48.84B while the Net FX ...

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“Looking at Liquidity” Steinhoff [JSE:SNH] - M N Ingham

7 December 2017 /

The latest ad hoc announcement from Steinhoff has two components – one which begs more questions than it answers relating to the validity ...

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USD/JPY Breaking Out

7 December 2017 /

Recommendation: BUY Current Trend: Sideways on all main timeframes. Strategy: Go long the USD/JPY at current levels.

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Your Morning Market Podcast 07/12/2017

7 December 2017 /

What's next for Steinhoff? Read Fundamentals on Steinhoff: /steinhoff-reputation-ruptured-m-n-ingham

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U.S. Non-Farm Payrolls [NFP] release Friday 8 December 2017

7 December 2017 /

4 December 2017 /

Another good day for the rand and our local markets. The rand firmed to R13.61 against the greenback, despite any uncertainty around the ...

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“Moab moolah” Harmony Gold - M N Ingham

4 December 2017 /

Harmony is getting a good deal for its purchase of three assets from AngloGold Ashanti, the most significant being Moab Khotsong mine in ...

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Your Monday Wake Up Call 04 December 2017

4 December 2017 /

What to look forward to this trading week Last week was an interesting week in the markets. After being downgraded by S&P and and placed on ...

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Your Morning Market Podcast 04/12/2017

4 December 2017 /

Steinhoff Africa Retail To Release Results

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Selloff in Naspers pushes JSE lower

1 December 2017 /

29 November 2017 /

Naspers To Release Results

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JSE remains under pressure

28 November 2017 /

The JSE remained under pressure on Tuesday, in line with Asian markets. The strengthening rand supported banking stocks, whilst hurting ...

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“No rating cliff edge but be cautious” - M N Ingham

28 November 2017 /

The ratings decisions by S&P and Moody’s tells us that which we already knew. S&P has been particularly forthright this past couple of ...

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Your Morning Market Podcast 28/11/2017

28 November 2017 /

World equity markets weaker.

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Stronger rand defies ratings cut

27 November 2017 /

The rand closed firmer on Monday, against the expectations of the market following S&P Global Rating’s decision on Friday to downgrade ...

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GBP/CHF Moving up off support

27 November 2017 /

Recommendation: BUY Current Trend: Short-term sideways. Med and long-term up. Strategy: Buy at current levels/ add to on a further breakout ...

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Your Monday Wake Up Call 27 November 2017

27 November 2017 /

What to look forward to this trading week S&P downgraded South Africa’s local debt to junk and Moody’s placed it on review for a downgrade. ...

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[JSE:CFR] Richemont - Trading junk status with hedges

27 November 2017 /

On Friday we got downgraded to Junk by S&P and we saw our beloved rand weaken again. In times like these we like to run to our rand hedges ...

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Your Morning Market Podcast 27/11/2017

South African markets closed in the red yesterday PPC revenue increased by 1% to R5,2 billion Sibanye Gold purchased 38% stake in DRD gold ...

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JSE weaker as Naspers retreats from fresh highs

22 November 2017 /

The JSE cooled on Wednesday as the market took a breather from recent highs. A weaker close from Tencent and a firmer rand saw the local ...

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Fresh all-time highs for the JSE

21 November 2017 /

The JSE powered to new all-time highs on the All-Share Index as blue chip stocks continued to propel the bourse higher. The JSE All-Share ...

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Anglo American PLC [JSE:AGL] - Trade Note

21 November 2017 /

Anglo American PLC This is one of my favourites to trade, as the share has been making higher highs for the last 6 months. Over the past ...

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How to use the RSI Oscillator

21 November 2017 /

Oscillators – Relative strength index (RSI) Many new traders ask me about indicators and how to use them, so I will try and explain it in ...

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EURO & Sterling - Trade Note

21 November 2017 /

EURO chart: The major pair pushed back above a consolidation high at 1.1690 in the previous week, and this takes the immediate pressure off ...

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Your Morning Market Podcast 21/11/2017

21 November 2017 /

On Friday both Moodys and S&P will review our current sovereign credit ratings. Both the ratings agencies have us one notch above ...

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JSE firmer as Naspers reaches R4000

20 November 2017 /

The JSE opened the week firmer as it was propelled by index heavyweight Naspers [JSE:NPN] and Rand hedge stocks.

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Naspers / Tencent - "Tencent Q3 result a knock-out" 20/11/2017

20 November 2017 /

Tencent, 33,3% owned by Naspers, continues to outperform market expectations and for the third quarter of F2017 increased non-GAAP earnings ...

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Your Monday Wake Up Call 20 November 2017

20 November 2017 /

What to look forward to this trading week

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Naspers and Rand sensitives push JSE higher

17 November 2017 /

The JSE recorded gains on Friday as the local bourse was buoyed by retailers and financials stocks.

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EUR/GBP – Two trades lining up

17 November 2017 /

Recommendation: BUY EURGBP/THEN SELL SHORT AFTER NEXT RALLY Current Trend: Short-term sideways. Med-term down. Long-term up (for euro). ...

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[JSE:SPP] Spar - Good for you?

17 November 2017 /

Its Friday! The rand is strong! And finally we can trade Spar again!

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Your Morning Market Podcast 17 November 2017

17 November 2017 /

A stronger Rand and a bullish day predicted in todays trading session.

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JSE rebounds from consecutive losses

16 November 2017 /

The JSE closed firmer on Thursday as it broke the trend of consecutive losses this week.

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S&P 500 – Still in temporary pullback mode

16 November 2017 /

14 November 2017 /

Rand weakens after Zuma released fees commision report. No free education | cost sharing model.

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JSE ticks higher on softer rand

13 November 2017 /

The major indices on the JSE ticked higher on Monday as a softer rand saw the local bourse outperform global equity markets.

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Your Monday Wake Up Call 13 November 2017

13 November 2017 /

8 November 2017 /

Woolies and Supergroup Limited Technical Trade notes available. Read more for links.

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JSE hits fresh all-time highs

7 November 2017 /

Major indices on the JSE reached fresh all-time highs in today’s session as the local bourse took a leaf from the earlier rally in Asian ...

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[JSE:SPG] Super Group Ltd - Technical Note

7 November 2017 /

Super Group Limited SPG looks like its forming a nice head and shoulders on a daily chart. The 50 day moving average is relatively far away ...

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[JSE:WHL] Woolies - Technical Note

7 November 2017 /

WHL has been such an interesting share to trade. After a couple of unsuccessful trades we try again for the 3rd time lucky. But this time ...

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Your Morning Market Podcast 07 November 2017

7 November 2017 /

FED Yellen speaks tonight

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JSE starts the week on a positive note

6 November 2017 /

The JSE closed firmer as mining stocks and Naspers propelled the local bourse higher.

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AVI - "Stepping Out" 06/11/2017

6 November 2017 /

I am on record as being cautious about exposure to consumer stocks. However, I have also maintained that one size doesn’t fit all, some ...

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Your Morning Market Podcast 06 November 2017

6 November 2017 /

Will the Rand strengthen this week?

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JSE gains as rand falls on dollar rally

3 November 2017 /

The rand weakened on Friday afternoon to R14.20 against the greenback after US nonfarm payroll numbers came in lower than expected.

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