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Wall Street Wednesday Technical Trade Note - 17 October 2018

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Wall Street Wednesday Technical Trade Note – 17 October 2018 With the major selloff we saw in international markets last week, the market ...
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Spot EPS eases off - Mark Ingham 15 October 2018

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Sasol                      “Spot EPS eases off” Share price: R524  Net shares in issue: 624.5 million Market cap: R327.2 billion F2019 PE ...
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Cryptocurrency Newsflash - 10 October 2018

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Mainstream economists are warning that there are signs pointing to a market implosion in cryptocurrencies on the horizon. Juniper Research, ...
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Tencent dog still wagging the Naspers tail - Mark Ingham 09 October 2018

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Cable and Satellite Media          Naspers/Tencent   “Tencent dog still wagging the Naspers tail” NPN share price ZAR: R2,870  NPN net ...
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Technical Trade note on DAX 30 - 9 October 2018

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I am revisiting my trade note I did on the German index (DAX 30) from 26 June where it looked like the early formation of a head and ...
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Technical Outlook on Wall Street 30 for Non-Farm Payrolls 5 October 2018

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I am currently looking at the Wall Street 30 to see if the current pattern will playout or not. The Wall Street 30 is currently in a rising ...
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U.S. Non-Farm Payrolls [NFP] release Friday 5th October 2018

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U.S. Non-Farm Payrolls (NFP) release Friday 5thof October 2018 Non-Farm Payrolls are usually reported on the first Friday of the month, ...
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Imperial: "Value ahead of Motus unbundling", MN Ingham, 3 October 2018

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Industrial Transportation             “Value ahead of Motus unbundling” Share price:R167.00 Net shares in issue: 200 million Market cap: ...
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Cryptocurrency Newsflash - 03 October 2018

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Not much has changed in the cryptocurrency world since my last newsflash note, except that the latest craze in this space is a thing called ...
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Technical trade note on Sibanye-Stillwater (SGL)

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Sibanye has had its fair share of hardships this year, but it seems that the miner’s share price might just be set for a turn around. We ...
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Cryptocurrency Newsflash - 27 September 2018

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Red flags were raised as news surfaced that some exchanges have reported obscure trading volumes being on their platforms. BitForex, a ...
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Wall Street Wednesday Technical Trade Note - 26 September 2018

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Trade Conviction: Medium With the pending interest rate decision later tonight, we might just see the U.S Indices have a sell-off in the ...
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Merafe: "Ferrochrome remains buoyant", MN Ingham, 25 September 2018

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Mining         Merafe                      “Ferrochrome remains buoyant” Share price:163 cents Net shares in issue: 2,51 billion Market ...
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U.S Federal Reserve (FED) interest rate decision & impact on South Africa 26 September 2018

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The U.S. Federal Reserve's Federal Open Market Committee (FOMC) will announce whether the interest rates in the U.S. will increase or ...
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Technical Trade Note on BHP Billiton (BIL) - 21 September 2018

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It has been a month since my previous note on BHP Billiton, after hitting our target price the price action has moved significantly lower. ...
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Technical Trade Note on Nasdaq 100 - 21 September 2018

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With the U.S. markets pushing higher to all time highs I am looking at the tech sector and the Nasdaq 100 index to do the same over the ...
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South African Interest Rate Decision

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The South African Reserve Bank (SARB)’s monetary policy committee will announce the interest rate decisions today at 15:00 South African ...
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Technical Trade note on Sasol Limited (JSE:SOL) - 20 September 2018

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Our Sasol Limited (SOL) trade did not trigger and sold off within the bull flag back to the trend support line (Red dotted). I have revised ...
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Cryptocurrency Newsflash - 18 September 2018

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The battered and bruised cryptocurrency market does not seem to deter the number of new hedge fund entrants into the market. According to ...
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Technical Trade note on Sasol Limited (JSE:SOL) - 17 September 2018

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Looking at the price action of Sasol Limited (SOL) we can see the price has been in an uptrend over the last couple of months. Taking a ...
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UK Interest Rate Decision 13 September 2018

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The Bank of England (BOE) monetary policy committee will be announcing their interest rate decision today at 13:00 South African time. Here ...
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Cryptocurrency Newsflash - 12 September 2018

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Cryptocurrencies have plunged to new depths on Wednesday as the Crypto Crash of 2018 has now surpassed the Dot-Com crash we saw in the year ...
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Naspers claws back some of the discount to Tencent, MN Ingham, 11 September 2018

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On a relative basis, Naspers has outperformed Tencent in the past few weeks. This relative outperformance of late could reverse in time so ...
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Technical Trade note on Vodacom Group Limited (VOD) - 11 September 2018

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CONVICTION: MEDIUM With the spotlight firmly on the telecoms sector over the last couple of weeks, Vodacom Group Limited (VOD) might be set ...
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U.S. Non-Farm Payrolls [NFP] release Friday 7th September 2018

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U.S. Non-Farm Payrolls (NFP) release Friday 7 September Non-Farm Payrolls are usually reported on the first Friday of the month, whereby ...
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Technical trade idea on South 32 Limited (S32) - 6 September 2018

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CONVICTION: HIGH (if resistance is broken) South 32 Limited (S32) a diversified miner recently released some solid results and is looking ...
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Cryptocurrency Newsflash - 6 September 2018

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Cryptocurrencies fell sharply on Wednesday to a nine-month low as concerns are growing that the broader adoption of cryptocurrencies will ...
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Wall Street Wednesday Technical Trade Note - 05 September 2018

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Trade Conviction: Medium The U.S markets have been the focus of much debate over the last couple of days as market analysts contemplate if ...
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Sasol - Newsflash - Spot 2020 EPS edges closer to R100

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Sasol                      “Spot 2020 EPS edges closer to R100” Share price: R575  Net shares in issue: 612,2 million Market cap: R352 ...
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Technical trade note on Nymex Light Crude / West Texas Intermediate (WTI) crude oil - 4 September 2018

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U.S sanction on Iran has put oil back into the spotlight as the world’s top buyers of oil are starting to feel the squeeze. Countries like ...
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BHP Billiton - Giving back cash

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BHP BILLITON Share price: AUD33,78 ASX, GBP16,69 LSE, ZAR319,80 JSE Net shares in issue: 2,11 billion LSE and JSE Net shares in issue: 3,21 ...
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Cryptocurrency Newsflash - 28 August 2018

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The price of Bitcoin is ticking higher once more even though news surfaced that the adoption of Blockchain technology in corporate America ...
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Nasdaq 100 trade update - 27 August 2018

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The Nasdaq 100 is at all-time highs and the technical trade note has played out well. We have reached our target price and I have move our ...
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Cryptocurrency Newsflash - 24 August 2018

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On Wednesday we saw a surge in the Bitcoin price to $6875 as another round of Crypto exchange traded fund (ETF) providers were due for ...
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Bidcorp results - stock offering attractive comparable value

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  Bidcorp presents comparatively good value relative to international peers. At R290, the stock trades on a forward PE of 20x and EV/EBITDA ...
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Wall Street Wednesday Technical Trade Note - 22 August 2018

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Trade Conviction: Medium Just as quick as the U.S. market reached new highs on Tuesday, sending the S&P to a new intraday record we saw an ...
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Technical trade note on BHP Billiton (BIL) - 21 August 2018

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BHP Billiton (BIL) has released solid results for the period ending the 30th of June 2018. With an increase in profits over the period to a ...
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Technical trade note on Nasdaq 100 - 20 August 2018

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The infamous FAANG stocks have been under pressure of late but looking at the bigger picture, the Nasdaq 100 is still pushing higher ever ...
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Technical trade note on S&P500 - 17 August 2018

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The U.S markets have rebounded significantly from the recent sell off we saw internationally on Wednesday. Yesterday we saw dip buyers ...
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Naspers, Overreaction to Tencent Q2, MN Ingham, 16 August 2018

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The Naspers reaction yesterday to the Tencent Q2 and six month result was overdone. Naspers was down 8% to R3,060 per share.  The result ...
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Cryptocurrency Newsflash - 14 August 2018

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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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Forex Technical Note USD GBP EUR ZAR - 10 August 2018

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We have seen volatility return to emerging market currencies as the Turkish Lira lost over 5% in yesterday’s trade and is continuing its ...
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Technical trade note on Wall Street 30 Updated - 8 August 2018

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We have seen some positive movement on Wall Street 30 from the release of the Non-Farm Payrolls (NFP) number. The number came in a lot ...
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Cryptocurrency Newsflash - 08 August 2018

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Bitcoin has broken down from the $6879 support level as highlighted in our crypto newsflash note from the 6th of August. The cryptocurrency ...
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Brait - Mind the gap

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I continue to recommend avoiding Brait. The latest results from troubled New Look don’t hold out much hope that we’ll see recovery in that ...
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Cryptocurrency Newsflash - 06 August 2018

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Crypto currencies, especially Bitcoin came under pressure over the last week, giving back almost all the gains from the July breakout. The ...
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Technical trade note on Wall Street 30 - 3 August 2018

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I will be looking at Wall Street 30 as my Non-Farm Payroll (NFP) trade as the jobs number will have a direct impact on the index. Two ...
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U.S. Non-Farm Payrolls [NFP] release Friday 3rd August 2018

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Non-Farm Payrolls are usually reported on the first Friday of the month, whereby the number of additional jobs added from the previous ...
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Sasol Fundamental Analysis- Pick a number

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Further to my trading statement analysis dated 20 July, as each day that goes by with Brent crude oil at above $70/bbl so the EPS effect ...
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UK Interest Rate Decision 2 August 2018

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The Bank of England (BOE) monetary policy committee will be announcing their interest rate decision today at 13:00 South African time. ...
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U.S Federal Reserve (FED) interest rate decision & impact on South Africa.

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The U.S. Federal Reserve's Federal Open Market Committee (FOMC) will announce whether the interest rates in the U.S. will increase or ...
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Glencore Fundamental Analysis- Q2 production has no surprises but legal issues dampen investment case

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Glencore Q2 production had no surprises and annual guidance has been kept, with the exception of lead and coal that are revised slightly. ...
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Cryptocurrency Newsflash - 31 July 2018

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Bitcoin has been a hot topic over the month of July as we saw the cryptocurrency surge over the $8000/ coin mark. With the price currently ...
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Cryptocurrency Newsflash - 25 July 2018

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Cryptocurrency Newsflash – 25/07/2018 The burning question on every cryptocurrency investor’s mind is whether Bitcoin is back? ...
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Technical trade note on Wall Street 30

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With earnings season in full swing I will be looking to buy Wall Street 30 if we see a daily close above the 25225 price level.
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Technical trade note on the FTSE 100

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In conjunction with our GBP/USD currency pair trade from earlier today I will be looking to buy the FTSE 100 if we see a daily close above ...
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Kumba Iron Ore Fundamental Analysis- Check the change in divided policy.

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Mining - Kumba Iron Ore  
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Technical trade note on GBP/USD

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There might be more down side for the GBP/USD currency pair from current levels if we see the Dollar (USD) strengthen from current levels.
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AngloGold Ashanti Fundamental Analysis - Barrick veteran appointed new CEO

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AngloGold Ashanti  
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Sasol Fundamental Analysis - Trading statement analysis

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Sasol Share price: R500  Net shares in issue: 610,7 million Market cap: R305,5 billion Forward PE F2018: 12,1x Forward dividend yield: 2,6% ...
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Technical trade notes ahead of interest rate decision - 19 July 2018

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With the looming interest rate decision, we might see some movement on the local front. I will be looking at the Alsi Sept 18 and the ...
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South African Interest Rate Decision - 19 July 2018

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The South African Reserve Bank (SARB)’s monetary policy committee will announce the interest rate decisions today at 15:00 South African ...
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Cryptocurrency Flash News - 18 July 2018

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Cryptocurrency Flash news – 18/07/2018 Cryptocurrencies have made a turn around since the weekend and we have seen Bitcoin gain over 3% ...
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Sibanye Fundamental Analysis - Wheaton streams in cash

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Sibanye “Wheaton streams in cash” Share price: R7,38   Net shares in issue:2,2 billion Market cap: R16,0 billion On a blended DCF and EV ...
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Technical trade AUD / USD - 16 July 2018

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Trade note on AUD/USD 16 July 2018 If we see weakness coming through on the Dollar index (DXY) from current levels we might just see the ...
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Fundamental Analysis BHP Billiton - Iron ore ends the year positively

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BHP BILLITON Sector: Mining Share price: AUD33,33 ASX, GBP16,42 LSE, ZAR287,87 JSE Net shares in issue: 2,11 billion LSE and JSE Net shares ...
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Technical trade BRENT CRUDE OIL - 12 July 2018

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As soon as news broke out that the Saudis had indicated that they may raise production to a record 11 million barrels a day with effect ...
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Steinhoff - Option pricing

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Steinhoff - “Option pricing” Fundamentals by Mark Ingham In providing context, I think the result for the six months ended 31 March 2018 ...
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Trading Cryptocurrency, Bitcoin & Ethereum

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What can be said about Cryptocurrency that has not been said or talked about before? Crypto has been the global talking point over the last ...
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Technical trade GOLD (XAU) - 6 July 2018

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Trade idea on Gold (XAU) We have seen a selloff in Gold (XAU) over the month of June and it looks like the buyers are returning to the ...
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Technical Trade Note Kumba Iron Ore JSE:KIO - Updated

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Update – Kumba Iron Ore (KIO) – 04/07/2018 Kumba Iron Ore (KIO) has finally reached our first target price of 32499c and it has been a real ...
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U.S. Non-Farm Payrolls [NFP] release Friday 6th July 2018

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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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Glencore DOJ investigation perspective by Mark Ingham

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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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Sibanye, Legal shakedown looms by Mark Ingham

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Sibanye “Legal shakedown looms” Share price: R8,00   Net shares in issue:2,2 billion Market cap: R17,6 billion Blended DCF and EV basis I ...
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Technical trade DAX 30 Index - 26 June 2018

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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

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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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U.K Interest Rate Decision

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The Bank of England (BOE) monetary policy committee will be announcing their interest rate decision today at 13:00 South African time.
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Technical trade note Truworths - 19 June 2018

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Trade idea on Truworths International Limited (TRU) The price of Truworths International Limited (TRU) has been consolidating over the last ...
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Anglo American in a good space with respect to the draft mining charter 18 June 2018 by Mark Ingham

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Anglo American                         “Anglo American in a good space with respect to the draft mining charter” Sector: Mining Share ...
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Technical trade note ALSI - 15 June 2018

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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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Grindrod Shipping listing on NASDAQ 13 June 2018 by Mark Ingham

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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

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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

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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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Technical trade note GBP/USD - 12 June 2018

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

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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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Harmony Gold Mining Company Limited 06 June 2018 by Mark Ingham

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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

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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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Sasol - Forward spot EPS surges, 05 June 2018

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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

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

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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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MTN Iran update, MN Ingham, 31 May 2018

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MTN Iran update On MTN, US sanctions on Iran will prevent MTN from bringing back at least R1,5 billion per annum in cash to SA. I estimate ...
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Technical trade note African Rainbow Mineral Limited [ARI] - 01 June 2018

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Trade idea on African Rainbow Mineral Limited (ARI) African Rainbow Mineral Limited (ARI) have been testing the 11419c per share level on a ...
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U.S. Non-Farm Payrolls [NFP] release Friday 1st June 2018

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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 US ...
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STAR interim result assessment 29 May 2018 by Mark Ingham

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Catch a falling STAR? Underlying result is mixed and a touch weaker than may have been expected. Negative Steinhoff sentiment and the ...
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Technical trade note GOLD [XAU] - 29 May 2018

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Technical Trade Note on $GOLD [XAU] We have seen the price of Gold (XAU) move lower over the last two months. The price is currently ...
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SARB rate decision market implications by Mark Ingham

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

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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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SP500 - technical trade note 22 May 2018

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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

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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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Updated Mondi Limited JSE:MND - technical trade note 21 May 2018

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Update (2) - Mondi Limited (MND) (21/05/2018) What a roller coaster ride on Mondi Limited (MND) and we have finally reached our first ...
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Technical Trade Note Glencore PLC [JSE:GLN] 15 May 2018

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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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Technical Trade Note AUD/CHF - 14 May 2018

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Update – (16/05/2018) - AUD/CHF
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Q1 Tencent results due 16 May 2018 by Mark Ingham

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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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Sasol diesel pricing update by Mark Ingham

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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

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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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Technical Trade Note Brent Crude Oil

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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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Technical Trade Note Clicks [JSE:CLS]

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UPDATE - Clicks Group Limited (CLS) We have seen the share price surge this morning over 3% due to the inclusion of the stock into the MSCI ...
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Technical Trade Note Sappi [JSE:SAP]

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Trade idea on Sappi Limited (SAP) Sappi Limited (SAP) has formed a rounding bottom technical pattern and looks good for a buy at a close ...
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Trade idea on EUR/USD

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Update - Trade possibilities on EUR/USD (17/05/2018) We have closed our trade on the EUR/USD for a 112-pip profit. Due to some indecision ...
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U.S. Non-Farm Payrolls [NFP] release Friday 4th May 2018

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

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Update - Mondi Limited (MND) We have reached our first target price on Mondi Ltd (MND) and celebrating yet another profitable trade we ...
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FED interest rate decision 2nd May 2018

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U.S Federal Reserve (FED) interest rate decision The U.S. Federal Reserve's Federal Open Market Committee (FOMC) will announce whether the ...
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Exxaro Resources Ltd JSE:EXX - technical trade note

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Update (16/05/2018) - Exxaro Resources Ltd (EXX) Exxaro Resources Ltd (EXX) has reached our first target price of 12582c per share. We ...
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BHP Billiton PLC JSE:BIL - technical trade note

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Update (3) - BHP Billiton PLC (BIL) target price 3 reached (17/05/2018). BHP Billiton PLC (BIL) has crossed our third target price of ...
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Mondi Limited JSE:MND - technical trade note

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Trade idea on Mondi Limited (MND) There is a high probability that the price on Mondi Limited (MND) will move higher looking at the inverse ...
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Mediclinic International PLC JSE:MEI - technical trade note

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Trade idea on Mediclinic International PLC (MEI) I am looking to buy Mediclinic International PLC (MEI) at 10500c with a first target price ...
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Old Mutual - Ready for London exit by Mark Ingham

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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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Trade idea on Old Mutual PLC (OML)

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Trade idea on Old Mutual PLC (OML)
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Compagnie Financiere Richemont SA JSE:CFR - technical trade note

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

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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

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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

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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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Capitec Rallying round - [JSE:CPI] by Mark Ingham

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In my recent strategy note on banks (see “Richer Ramaphosa Rating” dated 22 March) I assessed only the big four banks, excluding Capitec as ...
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Richer Ramaphosa Rating - Big 4 banks by Mark Ingham 

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The big four banks, FirstRand, Standard Bank, Barclays Africa Group, and Nedbank, are particularly sensitive to fluctuations in long bond ...
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NASDAQ - Potential "short" technical note

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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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Naspers - Potential "buy" technical note

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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

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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

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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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U.S. Non-Farm Payrolls [NFP] release Friday 9 March 2018

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US Non-Farm Payroll Release Yes, folks it is that time again for the monthly US Non-Farm Payroll (NFP) numbers to be released. Usually the ...
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EUR/USD - GO LONG (WITH CAUTION)

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EUR/USD – Daily Recommendation: GO LONG (WITH CAUTION) Current Trend: Short-term down, but oversold. Med and long-term up. Strategy: Go ...
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Trade Gold -  SELL SHORT ON A BOUNCE

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GOLD ($) Current Trend: Short-term down. Med-term up. Long-term sideways to up. Strategy: Sell short on a bounce to $1325. Chart and ...
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Strengthening fundamentals - ANGLO AMERICAN [JSE:AGL] by Mark Ingham

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Since my last note on Anglo American dated 16 February (see “South African political tailwind”) the company has reported a pleasing set of ...
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Undervalued offshore opportunity on rand strength - BIDCORP [JSE:BID] by Mark Ingham

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Bidcorp, the international foodservice specialist, reported good underlying constant currency results for the six months ended 31 December ...
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S&P 500 INDEX - Temporary pullback

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Recommendation: BUY AGAIN AFTER A PULLBACK Current Trend: Short-term technically still down. Med-term sideways. Long-term up.
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Trading the USD/ZAR currency pair ahead of the budget speech

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*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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USD/ZAR - Technical Trade Note

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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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South African political tailwind - Anglo American by Mark Ingham

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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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A hedged half - HARMONY GOLD [JSE:HAR] by M N Ingham

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Harmony produced a very solid set of interim results for the six months ended 31 December 2017. The result exceeded my earlier expectation ...
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Bid-divest- BIDVEST [JSE:BVT] by M N Ingham

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If you want an example on the JSE of the shift in political mood, Bidvest, among others, fits the bill. The stock price has been almost ...
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Long trade for Vodacom

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Trade summary: Long VOD Target price:                      18000c Entry:                                  16500c Stop ...
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Holding the line- VODACOM [JSE:VOD] by M N Ingham

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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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Research Note on Gold (XAU)

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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

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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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Mr Price trade - UPDATE 2

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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

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

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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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Long trade for Telkom

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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

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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

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Technical take on Brent Crude
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The Power of the Rand

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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

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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)

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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)

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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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GBP/USD - Technical Trade Note

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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

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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

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Capitec - Go Long

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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

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The now infamous Viceroy have a cloak-and-dagger modus operandi within a guise of anonymity that disregards common professional scruple. ...
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Mr Price - Technical Trade Note

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Trade note on Mr Price Group Limited (MRP)
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Clicks - Technical Trade Note

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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

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Palladium has had a stellar rally recently but it recently recorded a minor retracement. Short-to-medium forecasts anticipate increased ...
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AUD/EUR - Technical Trade Note

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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

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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

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Trade idea on Nikkei 225 (NI225)
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Earnings in Davy Jones' locker - [JSE:WHL] by M N Ingham

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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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EUR/USD - Technical Trade Note

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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

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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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S&P 500 – BUY MINOR PULLBACKS

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S&P 500 INDEX – Higher target Recommendation: BUY MINOR PULLBACKS Current Trend: Up on all main timeframes. Strategy: Buy on a one or two ...
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Music to your ears - Naspers & Tencent by M N Ingham

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

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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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Richemont [JSE:CFR] pressure from strong rand

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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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Capitec [JSE:CPI] - last run of the year

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Capitec has broken the resistance level of 1000.00. Currently at 1048.00, Look for a pullback to buy and hold. One can also look to buy now ...
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FINI 15 Index - Higher Target

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FINI 15 INDEX – Higher target The JSE financial 15 index (or ‘fini’) of large-cap financial stocks, has broken out above an important ...
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“Politics-proofing your portfolio” M N Ingham

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The 54th ANC national conference runs from the 16th to the 20th of December. A new ANC president is to be elected. The difference between ...
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Brent Crude - New Breakout Potential

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Recommendation: LOOK TO BUY Current Trend: Short-term sideways. Med-term up. Strategy: Buy a close above line 3.    
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“Looking at Liquidity” Steinhoff [JSE:SNH] - M N Ingham

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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

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Recommendation: BUY Current Trend: Sideways on all main timeframes. Strategy: Go long the USD/JPY at current levels.  
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U.S. Non-Farm Payrolls [NFP] release Friday 8 December 2017

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US Non-Farm Payroll Release Friday is jobs day in the U.S.—with the November Non-Farm Payrolls being released on the 8th December 2017 at ...
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“Ruptured Reputation” Steinhoff [JSE:SNH] - M N Ingham

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The damage Steinhoff faces, following acknowledgement by the Supervisory Board that there are in fact “accounting irregularitiesrequiring ...
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“Moab moolah” Harmony Gold - M N Ingham

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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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Gold (XAU) Technical Take

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Over the past several months, there has been good support on the pullbacks with the market continuing to put in higher highs and higher ...
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“No rating cliff edge but be cautious” - M N Ingham

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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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GBP/CHF Moving up off support

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

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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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S&P 500 – Heading towards target

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Recommendation: HOLD Current Trend: Up on all main timeframes. Strategy: Continue to hold the current long position; look to tighten stops ...
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Anglo American PLC [JSE:AGL] - Trade Note

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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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EURO & Sterling - Trade Note

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

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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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EUR/GBP – Two trades lining up

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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?

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Its Friday! The rand is strong! And finally we can trade Spar again!  
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S&P 500 – Still in temporary pullback mode

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Recommendation: HOLD/LOOK TO BUY Current Trend: Up on all main timeframes. Strategy: Hold (with caution). Otherwise buy a close above line ...
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EUR/USD - Trade Update 16 November 2017

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Trading the EUR/USD currency pair This trade on the EUR/USD has been delivering some excitement over the last couple of weeks. On the chart ...
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[JSE:WHL] Woolies - Short Signal

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WHL short has been triggered by closing below 5500 and we have entered a short trade. Our full trade summary is indicated within this ...
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Consolidated Infrastructure Group [JSE:CIL] - Share Price Update

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Consolidated Infrastructure share price drops more than 60% on poor trading update. Consolidated infrastructure group’s share price took a ...
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Richemont - "Glamorous goodies" 13/11/2017

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The kernel of the investment case for this maker of glamorous goodies is a robust business model with the flexibility to adapt, steady cash ...
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S&P 500 – A minor pullback

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Recommendation: BUY THIS PULLBACK Current Trend: Up on all main timeframes, but overbought. Strategy: Buy on a breaking of its prior ...
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CAD/CHF – Breaking out

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Recommendation: BUY Current Trend: Short and med-term up. Long-term sideways to up. Strategy: Buy at current levels for the short and ...
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[JSE:SPG] Super Group Ltd - Technical Note

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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

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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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AVI - "Stepping Out" 06/11/2017

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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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Mediclinic International [JSE:MEI] - Trade Note

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Mediclinic International [JSE:MEI] I was alerted to Mediclinic by a client, for the technical traders out there the company is looking ...
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[JSE:SOL] - Sasol Limited Technical Take Update

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SASOL LIMITED (SOL) – SECOND TARGET PRICE REACHED What a trade on Sasol Limited (SOL) and for the traders that kept the trade open it has ...
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Trading USD/JPY - Technical Analysis

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So we have a nice potential breakout for the USD/JPY. Non Farm Payroll this week will in my opinion cause a breakout either way.
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U.S. Non-Farm Payrolls [NFP] release Friday 3 November 2017

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U.S. Non-Farm Payrolls being released Friday at 14:30 Friday is jobs day in the U.S.—with the October Non-Farm Payrolls being released at ...
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GBP/CAD – Higher Target

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Recommendation: BUY Current Trend: Short and med-term up. Long-term sideways. Strategy: Buy on a minor e.g. 2-3 day pullback.
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Long4Life - "From a standing start to R5 billion" 30/10/2017

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The indefatigable Brian Joffe, who recently turned 70 years of age, has invested his considerable business acumen in a start-up called ...
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Mediclinic - "Spire offers opportunity" 23/10/2017

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Spire Healthcare Group PLC has swatted away a possible offer from Mediclinic to acquire the shares it does not already own. Spire is a ...
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Pick n Pay - "Chipper stuff" 18/10/2017

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On Tuesday, 17 October, grocer Pick n Pay reported interim results, which were presented to fund managers and analysts in Cape Town. The ...
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FirstRand - "Online in England" 16/10/2017

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A good fit?: It is not just Capitec that does things differently. There are plenty of overseas examples, one of which is Aldermore in ...
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Taste Holdings - "Vasbyt" 13/10/2017

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The question the investor wants to know is, do I head for the hills and cut my losses or do I vasbyt and wait for the strategy to unfold? ...
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Glencore - "A larger slice of Volcan" 09/10/2017

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“A larger slice of Volcan” Glencore Sector: Mining Share price: LSE 364 pence; JSE 6620 cents Net shares in issue: 14,4 billion LSE and JSE ...
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BizNews: Running rule over hot stock Glencore – has it risen too far?

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[JSE:VOD] - Vodacom Fundamental Analysis 05/10/2017

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"Abuse or not?" [JSE:VOD] Vodacom Sector: Mobile Telecommunications Share price: R154,30  Net shares in issue: 1,7 billion Market cap: ...
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U.S. Non-Farm Payrolls release Friday 6 October 2017

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U.S. Non-Farm Payrolls being released Friday at 14:30 Friday is jobs day in the U.S.—with the Non-Farm Payrolls being released at 14:30 in ...
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[JSE:PIK] - Pick n Pay Fundamental Analysis 04/10/2017

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"In shape for tougher times" [JSE:PIK] Pick n Pay Sector: Grocery Retail Share price: R56,17  Net shares in issue: 482,3 million Market ...
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[JSE:SHP] - Shoprite Fundamental Analysis

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"Trolley for trolley it's worth paying more" [JSE:SHP] Shoprite
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Sasol, "BEE calm and remain invested" 21 September 2017 - MN Ingham

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Sasol [JSE:SOL], "BEE calm and remain invested"  Energy: Sasol                       “BEE calm and remain invested” Share price: R372,00  ...
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CPI Numbers Release

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Naspers hits another record discount to it's stake in Tencent

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The discount that Naspers is on relative to its share of Tencent is now 32%. To put that in perspective, the share price of Naspers would ...
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[JSE:DSY] "Growth Stock Rating"- Discovery

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[JSE:APN] "Watch that forex"- Aspen

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Upcoming JSE Results Roundup 11 to 27 September 2017

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Mark Ingham's insights into JSE listed results being released 11 to 27th September 2017 -   Included in this roundup: 11 September - AVI 27 ...
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[JSE:SRR:STAR] "A PEP in its step"- Steinhoff Africa Retail Limited

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Upcoming JSE Results Roundup 6 to 12 September 2017

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Mark Ingham's insights into JSE listed results being released 6 to 12th September 2017 -   Included in this roundup: 06 September - Sanlam ...
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U.S. Non-Farm Payrolls release Friday 1 September

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Upcoming JSE Results Roundup 28 to 30 August 2017

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Mark Ingham's insights into JSE listed results being released 28 to 30th August 2017 -   Included in this roundup: 28 August - Bidvest 30 ...
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"Yay or Nay"- Naspers AGM, Time to vote.- M N Ingham

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The 103rd annual general meeting of Naspers Limited will be held in Cape Town on Friday 25 August 2017 at 11H15. There will be a number of ...
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Upcoming Results Roundup 21 to 24 August 2017

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Mark Ingham's insights into JSE listed results being released 21 to 24th August 2017 -   Included in this roundup: 21 August - Sasol 22 ...
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NEWSFLASH: Tencent Robust Q2 result

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[JSE:MRF] Merafe - A little less bling but still some shine

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[JSE:GLN] Glencore - Richer Dividend In Store

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Banks, "SARB conundrum", MN Ingham 8 Aug '17

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July 2017 U.S. Non-Farm Payrolls release Friday 4th August 14:30 in South Africa

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Sasol - Fundamental Analysis - M N Ingham 02 August 2017

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Bidvest - Fundamental Analysis - M N Ingham 01 August 2017

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Naspers "A hero delivery" Updated, MN Ingham 31 July 2017

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BHP Billiton - Fundamental Analysis - M N Ingham 24 July 2017

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Unpacking the National Health Insurance Program

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Mark Ingham's Fundamental analysis National Health Insurance Program "Pie in the Sky" Published on Biznews - Read Full Article... 
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Massmart - Fundamental Analysis - M N Ingham

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AngloGold Ashanti - Fundamental Analysis - M N Ingham

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Naspers "A hero delivery", MN Ingham 13 July 2017

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Attacq, "New RE(AL)IT(Y)", MN Ingham 7 July 2017

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June 2017 U.S. Non-Farm Payrolls release 14:30 in South Africa

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Woolies "Knotted" - Fundamental Analysis

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Naspers Newsflash

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Sasol - Fundamental Analysis

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Telkom SA SOC Ltd - Fundamental Analysis

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Sun International - Fundamental Analysis

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Naspers discount widens

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14 June Economic Data FOMC Preview

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14 June Economic Data Preview

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Brait "Down to earth with a bump"

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Steinhoff - "New-money opportunity on recent price weakness"

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Palladium underpin to Stillwater - Ingham's Incisive Insights

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PPC Research Note

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U.S. Non-Farm Payrolls release 14:30 in South Africa

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Barclays Africa Group "Bye bye" - Ingham's Incisive Insights

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Massmart Head & Shoulders

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Research Note for the ALSI Top 40

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What's Cooking - Purple Group Limited - Focus on Tomorrow

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