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Michael Porter on the Unum Capital Trading Desk likes the +AGL / -BHP pair. I might be a few days late on this one, an the ex Div date a few days back does affect the pair. entry 1.006 with a target of 1.095 (TP) and SL of 0.963
Retailer pairs idea from @Lesater_Davids +SHP / -WHL at 2.0330 with a target of 2.235 and SL of 1.932
New +TKG / - MTN pair at 0.7554 with a target of 0.825 (TP1) and 0.92 (TP2)
"Energy-stock valuations have come down this year and are below their long-term average. And many industry players are responding to investor pressure to rein in capital spending, curb supply, boost returns, and pay out more to shareholders in dividends and stock repurchases," Andrew Barry. Looking to trade the short-term reversal.
"Energy-stock valuations have come down this year and are below their long-term average. And many industry players are responding to investor pressure to rein in capital spending, curb supply, boost returns, and pay out more to shareholders in dividends and stock repurchases," Andrew Barry. Short-term trading opportunity on OXY.
According to Lester Davids, Trading Desk analyst at Unum Capital: "Some positivity on the Tencent Chart - Could be a driver tomorrow. - Bullish Divergence - Extended well below it's 200dma (HK$404) - Chinese market sentiment overwhelming negative" Contact the Trading Desk on +27 (0)11 3842920 or tradingdesk@unum.co.za to discuss.
RobbyP, on our Unum Capital Trading desk, asked me look at Implats (IMP) vs Amplats (AMS) for a pairs trade. Unfortunately this trend doesn't look like it has reversed, so I'm staying away.
Lester and myself are watching a few of the South African Gold pairs
Lester Davids, our Trading Desk analyst, is bullish on sugar over the medium term, but in the short term there may have a potential short/sell. Interesting that all the softs (except wheat) have all moved together. Possibly look to accumulate a basket of softs on a bit of a pull back.
Last week Lester highlighted APN as as "opportunistic buy" after the fall from R290. It looks like R263 to 264 is still a level where buyers have lined up to take advantage of the fall. This is also in line with the 50dma. Once again stay cognizant of the USDZAR. MariusGrobler301 is having a look at this trade for our clients.
"On Wednesday the share tested and rebounded off the prior swing lows between 102 and 103.50. This appears to be a range-trading opportunity, with the upside target being the prior highs of 119. " Lester Davids, Trading Desk analyst, Unum Capital. Keep an eye on USDZAR as this will continue to impact South African retailers.
Recently our Unum Trading Desk analyst, Lester Davids identified a potential pairs trade on Heating Oil and Nat Gas. "I am bullish on NatGas with a medium term view. We recently saw a break of the downward trend with an inverse head and shoulder developing. In the short term though, we could see a pullback following the breakout. On that basis, one could be...
Flash note from Lester Davids, Unum Trading Desk analyst: "US Dollar Index Futures(DXY): The recent price tick-up (since 30-Aug) appears very similar to the move from 27-Nov-2017 to 11-Dec-2017 - marked with grey arrows. On this basis I would caution against on being very long the USD - of which spec positioning is very long. "
Flash note from Lester Davids, Unum Trading Desk analyst: "This looks like a short/sell opportunity on the S&P500 Futures: 2894 has held for 6 days. Now this level is breaking down. Current level: 2890."
An interesting research note this morning from our Unum Trading Desk analyst, Lester Davids: "Since November 2017, South African citizens have become accustomed to hearing the term "New Dawn" - a reference to the expected change in the country's fortunes due to the change political leadership. From the onset of the handover, a new wave of optimism ensued with...
Sappi (SAP) chart from Lester Davids, Unum Capital Trading Desk analyst. Daily Chart: Now at resistance and looking slightly stretch. Weekly: Building an Inverse H&S