Articles on the South African markets
The Allshare Index trend is Up on the weekly analysis and still has a Weak price relative to the Dow Jones Industrial index. It currently trades below its 50 week moving average of 54607.86 which would form the short term support level in the case of a pullback. Overview of the Allshare Index Recent […]
The commodities shares have been moving higher and this was due to higher commodity prices. The price of copper, crude oil, silver and the platinum group metals are all higher since the start of the year. What makes this industry so cyclical is the supply and demand factors at play in this sector. The supply […]
Lately we are hearing that global markets are high and that we need a correction. This is something we should not ignore for a few reasons: US Federal reserve bank could raise rates again and also unwind more Quantitative easing North Korea seems to ignore sanctions warnings and keeps firing missiles Historically September and October […]
Aspen Pharmaceuticals is a share that has gone sideways to lower over the past eighteen months. This share is publishing its results on Thursday 14 September and should give us an indication of the “health” of the share. The expectation is for an increase in headline earnings of between 18% and 22%. The chart is […]
The instrument we are looking at this week is the Alsi 40 near dated future. The Alsi has been an index of two halves with commodities and Naspers moving higher and retail and financial shares moving sideways or lower. The Alsi looks like it is in the beginning of a consolidation phase and the key […]
