South African Markets

A short update on the JSE TOP 40 index.

The market has reached and breached our immediate bullish target levels.

This results in an adjustment to the view for an extended bull phase to higher target levels.

The market is unfortunately over- extended, giving any bullish bias a high risk factor.

A technical analysis note on Sasol, as requested by an All-In-One Member.

Many adages come to mind here, but the most apt is one I use from time to time:

“Sometimes we are not sure, and other times we just don’t know”

A well established, medium- term positive technical outlook on the Rand is now also becoming commonplace in the fundamental narrative. This could lead to further expected Rand appreciation.

As prevailing trend matures, we need to remain circumspect.

It is in a rattlesnakes’ nature to strike when least expected.

The weekly JSE Top 40 index update.

The medium- term view of a bearish corrective phase is confirmed by volatile and overlapping price action.

Longer term investors should remain calm with a definite re- emergence of the cyclical bull trend outcome on the other side of this volatile mess.

Traders and speculators can capitalize on the interim expected trends that should occur.

The important activation and negation market levels are even more crucial in volatile corrections, as highlighted in the report.

The weekly Rand technical analysis update.

Please find attached the weekly JSE Top 40 Index update.

Please find attached the JSE Top 40 benchmark index update.

Note: There are unfortunately several feasible medium-term outcomes.

The illustrated scenarios are preferred.

Please find attached the weekly JSE Top 40 index technical analysis update

Note: The medium-term view has been adjusted to a more bearish bias, resulting from increasingly overlapping gains.

Please find attached the weekly JSE Top 40 Index report.

Note: Recent market action has given more insight into current market conditions, as portrayed in the 2 hourly analysis

Please find attached the weekly JSE Top 40 Index technical analysis update