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Johannesburg Stock Exchange (JSE): Resources are KING

Long
South Africa Top 40 Index (JSE:J200)  
SteynTrade Updated   
JSE:J200   South Africa Top 40 Index
Trend Analysis Breadth Indicators jse resources index jse_top40 jse_resi10 jse_indi25 jse_fini15
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trendanalysis breadthstudies jse resources index jse_top40 jse_resi10 jse_indi25 jse_fini15
I am very excited that the Johannesburg Stock Exchange (JSE) has been added to the TradingView data sources. This gives South African investors an opportunity to use the flexibility and ease of TV. As my first post I would like to highlight the performance of the Resources Sector. The South African economy was built on resources and has been under performing since 2008 (see chart below). But since 2016 this has changed and Resources are out performing the other sectors. The other sectors have also shown an upturn in August and with the Rand (ZAR) weakening on the back of emerging market jitters this could be a great Sector to find trades.
Comment:
Index comparison since 2008:
snapshot
Comment:
Resources are overbought at the moment and set for a pullback.
snapshot
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