MariusGrobler301

MariusGrobler301

Despite being down on the week, South African equity markets managed to stage a short term recovery to bounce back from it's mid-week week lows as bargain hunters sought the opportunity to accumulate. Another factor that drove the recovery was a rebound in Chinese markets following a prolonged sell-off. For the session, the All-Share Index added 0.74% while the...

MariusGrobler301

On Thursday, South African equities managed to bounce back with a 0.38% gain for the All Share Index while the Top 40 Index managed to add 0.35% for the session as emerging market assets found support on the back of a weaker US Dollar driven softer inflation data which also curtailed expectations of aggressive rate increases by the US Federal Reserve. We also saw...

MariusGrobler301

South African equity markets continued to trade with a downside bias, this time being held back by financial sector as stocks such as Firstrand, Standard Bank and Absa fell sharply. For the session, the All Share declined by 0.40% while the Top 40 index shed 0.45%. On the upside, winners included British American Tobacco benefited as the US Food and Drug...

MariusGrobler301

Unum Capital: Technical Trade Ideas - FTSE100 and GBPUSD Dear Trader This morning the UK's FTSE 100 Index Future and GBP/USD feature among my trade ideas. FTSE 100 Index Future (Buy/Long) Over last few weeks the British Pound has rallied on the back of positive developments in the UK around Brexit. We have also seen some positive data being released which...

MariusGrobler301

I am following my algorithm targeting 144.00 Entry : Market SL : 145:50 TP : 144.00

MariusGrobler301

On Tuesday, many traders and investors on the JSE most likely knocked off and called it a Tough Tuesday! If one looks at the scoreboard, it certainly appeared to be, with the All Share Index closing lower by 0.95% while the Top 40 Index was 1% in the red however well off the lows of the day. Leading the decline on the downside was Pepkor with a 3.26% decline...

MariusGrobler301

South African equity markets started the week on a softer note as fears around trade between the United States and China continued to weigh on global sentiment. For the session, the All Share Index finished lower by 0.62% while the Top 40 declined by 0.57%, lead lower by Tiger Brands (-2.29%), Shoprite (-2.24%) and Bidvest (2.09%). On the upside, winners...

MariusGrobler301

After another massive Brexit candle, I am shorting GBPJPY to support... Sell @ Market Target: 143.790

MariusGrobler301

On Friday, South African equity markets were stable, holding near the lows of the week and continuing to trade within a tight, two-day range. For the session, the All Share closed 0.05% higher at 57130, while the Top 40 index was in the green by 0.12%. Supporting the positive close was Naspers (+2.61%), Discovery Holdings (+2.27), Firstrand (+2.23%) and Tiger...

MariusGrobler301

On Thursday a stronger South African Rand helped to lift local shares, keeping the All Share Index in the green by 0.05%. On the day, the local currency traded in a 30c range versus the US Dollar, reaching a low of R15.53 and a high of R15.23. Providing support was banking group Firstrand that released it's results for the year ended 30 June 2018, showing a 12%...

MariusGrobler301

On Tuesday, the reality of South Africa's economic challenges manifested itself in the data set released by Statistics South Africa which showed that the economy contracted by 0.7% for the second quarter of 2018, following on from a 2.6% contraction in the first. Immediately following the release, weakness was seen in the Rand which saw a sharp sell-off from 15.02...

MariusGrobler301

On Friday, the South African equity market continued to soften following the sharp sell-off seen on Thursday. For the session, the All Share Index closed lower by 0.23% while the Top 40 index shed 0.35%. These declines were led by South 32 (-4.17%), AB Inbev (-2.60%) and Naspers (2.51%). On the upside, Bidvest, Bidcorp and Woolworths saw strong buying activity...

MariusGrobler301

It was "Throwback Thursday" on the JSE as the index gave back all of the week's gains due to the extended emerging market contagion. This time we (again) cried for Argentina as the central bank raised interest rates to 60% which saw it's currency plunge to an all-time low of 41.35 to the US Dollar. This impact was seen in the local unit as the Rand closed weaker...

MariusGrobler301

On Wednesday, a weaker South African Rand weighed on local shares, holding the index back from a further advance. On the day, the All Share closed higher by 0.21% but really struggled to find a real direction as financial shares closed lower by 1.14% while other domestic names such as Shoprite, Bidvest and Vodacom declined by 4.23%, 2.14% and 2.03% respectively....

MariusGrobler301

Massmart: Year-to-date, MSM, along with the rest of the SA retail sector has been under siginficant pressure due to a sluggish out for the SA economy as well as a weaker Rand. Since March 2018, the price is down from a high of R178 sliding to a low of R101 in July. Over the last three months we have seen a base develop, with the price recently starting to trade...

MariusGrobler301

Although gaining on Tuesday, global equities were up only marginally following strong buying activity on Monday. The S&P 500 Index, which tested 2900 for the first time ever, added 0.03% for the session, while Dow Jones Industrial Average traded above 26000. In the tech sector, the NASDAQ Composite held above the 8000 level, adding 0.15% on the day. In Europe,...

MariusGrobler301

I am short GBPJPY this morning. Targeting 142.305 (Algorithm target)

MariusGrobler301

Global equity markets started the week on a strong note, continuing the upward momentum following comments last week by the Federal Reserve Chairman Jerome Powell that the committee sees "gradual" interest rate increases and no clear signs that inflation would accelerating above target. Adding to the "risk-on" sentiment was the revised trade agreement between the...