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Transcript of Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International...
![Page 1: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/1.jpg)
Money Matters
Shaun van den Berg
30 August 2011
![Page 2: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/2.jpg)
Top - Down Approach
`
• International MarketsInternational Markets• Economic IndicatorsEconomic Indicators• CurrenciesCurrencies• Precious MetalsPrecious Metals• Local MarketLocal Market• Main IndicesMain Indices• Specific SectorsSpecific Sectors• Specific SharesSpecific Shares
![Page 3: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/3.jpg)
Market Summary
![Page 4: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/4.jpg)
International Outlook• Brent Crude Oil• Gold-$ & Platinum-$• Silver $ & Copper• US$ versus Euro & GBP• JPY versus US$
• DJ Industrial Average • S & P 500 Index• Nikkei Index• Hang Seng Index• DAX Index• CAC 40 Index • FTSE Index
Local OutlookGold RandPlatinum RandRand vs US $ & Euro
JSE Overall IndexTop 40 IndexMid Cap & Small Cap Index Alt-X IndexGold & Platinum Mining IndexResource 20 IndexFinancial 15 IndexIndustrial 25 IndexSummary Conclusion
Technical Market Overview
![Page 5: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/5.jpg)
Economic Indicators
• Brent Crude Oil• Gold-$• Platinum-$• US$ versus Euro • US$ versus GBP• JPY versus US$
![Page 6: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/6.jpg)
Brent Crude Oil
BullishBullish
![Page 7: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/7.jpg)
Gold-$
SupportSupport
SupportSupport
ResistanceResistance
ResistanceResistance
BullishBullish
SupportSupport
![Page 8: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/8.jpg)
Platinum-$
SupportSupport
SupportSupport
ResistanceResistance
ResistanceResistance
BullishBullish
![Page 9: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/9.jpg)
Silver-$
BullishBullish
ResistanceResistance
SupportSupport
SupportSupport
ResistanceResistance
SupportSupport
![Page 10: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/10.jpg)
Copper-$
BearishBearish
ResistanceResistance
SupportSupport
SupportSupport
SupportSupport
SupportSupport
ResistanceResistance
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US$ vs Euro
$ Weakness / Euro Strength$ Weakness / Euro Strength
$ Strength / Euro Weakness$ Strength / Euro Weakness
SupportSupport
ResistanceResistance
US$ weaknessUS$ weakness
ResistanceResistance
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US$ vs GBP
$ Strength / GBP Weakness$ Strength / GBP Weakness
$ Weakness / GBP Strength$ Weakness / GBP Strength
ResistanceResistance
SupportSupportSupportSupport
US$ weaknessUS$ weakness
![Page 13: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/13.jpg)
JPY vs US$
JPY Weakness/ $ StrengthJPY Weakness/ $ Strength
JPY Strength / $ WeaknessJPY Strength / $ Weakness
ResistanceResistance
SupportSupport
JPY StrengthJPY Strength
ResistanceResistance
SupportSupport
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Bond Yield CurveWhat does Yield Curve mean?
• A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity dates.
• The most frequently reported yield curve compares the three-month, two-year, five-year and 30-year U.S. Treasury debt.
• This yield curve is used as a benchmark for other debt in the market, such as mortgage rates or bank lending rates.
• The curve is also used to predict changes in economic output and growth.
![Page 15: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/15.jpg)
Bond Yield Curve• The shape of the yield curve is closely scrutinised because it
helps to give an idea of future interest rate change and economic activity.
• There are three main types of yield curve shapes: normal, inverted and flat (or humped).
– A normal yield curve (pictured above) is one in which longer maturity bonds have a higher yield compared to shorter-term bonds due to the risks associated with time.
– An inverted yield curve is one in which the shorter-term yields are higher than the longer-term yields, which can be a sign of upcoming recession.
– A flat (or humped) yield curve is one in which the shorter- and longer-term yields are very close to each other, which is also a predictor of an economic transition.
• The slope of the yield curve is also seen as important: the greater the slope, the greater the gap between short- and long-term rates.
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What can we learn? • Brent Crude oil price Brent Crude oil price
– BullishBullish• Precious Metals Precious Metals
– Gold $: BullishGold $: Bullish– Platinum-$: BullishPlatinum-$: Bullish– Silver: BullishSilver: Bullish– Copper: Bearish Copper: Bearish
• US DollarUS Dollar– Weakening Weakening – Testing support against the Euro Testing support against the Euro
Bullish
Bullish
US$US$WeaknessWeakness
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International Markets
• DJ Industrial Average • S & P 500 Index
• Nikkei Index• Hang Seng Index
• DAX Index• CAC 40 Index • FTSE Index
![Page 18: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/18.jpg)
DJ Industrial Average
BearishBearish
SupportSupport
SupportSupport
ResistanceResistance
-16.3%
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Head & Shoulders?
LS
Head
RS
Neckline
Target Price
DJ Industrial Average (Monthly)
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S&P 500 Index
SupportSupport
SupportSupport
BearishBearish
ResistanceResistance
-17.8%
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Nikkei Index
BearishBearish
SupportSupport
ResistanceResistance
ResistanceResistance
-20.56%
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Hang Seng Index
ResistanceResistance
BearishBearish
SupportSupport
SupportSupport-22.29%
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DAX Index
ResistanceResistanceSupportSupport
SupportSupport
ResistanceResistance
SupportSupport
BearishBearish
-27.02%
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CAC 40 Index
ResistanceResistance
SupportSupport
ResistanceResistance
BearishBearish
SupportSupport
-27.65%
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FTSE 100 Index
ResistanceResistance
SupportSupport
SupportSupport
ResistanceResistance
BearishBearish
SupportSupport
-17.8%
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What can we learn? • US MarketsUS Markets
– DJIA: Bearish (-16.3%)DJIA: Bearish (-16.3%)– S&P 500: Bearish (-17.8%)S&P 500: Bearish (-17.8%)
• Asian Markets Asian Markets – Nikkei Index: Bearish (-20.56%)Nikkei Index: Bearish (-20.56%)– Hang Seng Index: Bearish (-22.29%)Hang Seng Index: Bearish (-22.29%)
• European MarketsEuropean Markets– DAX Index: Bearish (27.02%)DAX Index: Bearish (27.02%)– CAC 40 Index: Bearish (-27.65%)CAC 40 Index: Bearish (-27.65%)– FT100 Index: Bearish (-17.8%) FT100 Index: Bearish (-17.8%)
Bearish
Bearish
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Local Market
• Gold Rand• Platinum Rand• Rand vs US $• Rand vs Euro• Rand vs GBP
• JSE Overall Index• Top 40 Index• Mid Cap Index• Small Cap Index • Alt-X Index
• Gold Mining Index• Platinum Mining Index• Resource 20 Index• Financial 15 Index• Industrial 25 Index
![Page 28: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/28.jpg)
Gold Rand
SupportSupport
SupportSupport
BullishBullish
ResistanceResistance
ResistanceResistance
68.24%
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NewGold (GLD)
SupportSupport
SupportSupport
BullishBullish
ResistanceResistance
67.68%
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Platinum Rand
ResistanceResistance
SupportSupportSupportSupport
BullishBullish
ResistanceResistance
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Rand vs US $
Rand Strength / US$ Weakness Rand Strength / US$ Weakness
Rand WeaknessRand Weakness
Rand Weakness/ US$ StrengthRand Weakness/ US$ Strength
ResistanceResistance
ResistanceResistance
SupportSupport
SupportSupport
ResistanceResistance
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Rand vs Euro
Rand Strength / Euro WeaknessRand Strength / Euro Weakness
Rand Weakness/ Euro StrengthRand Weakness/ Euro Strength
Rand WeaknessRand Weakness
SupportSupport
ResistanceResistance
SupportSupport
ResistanceResistance
SupportSupport
66% Retracement66% Retracement
![Page 33: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/33.jpg)
Rand vs GBPRand Weakness/ GBP StrengthRand Weakness/ GBP Strength
Rand Strength/ GBP WeaknessRand Strength/ GBP Weakness
SupportSupport
ResistanceResistance
SupportSupport
ResistanceResistance
Rand WeaknessRand Weakness
![Page 34: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/34.jpg)
What can we learn?
• Gold Rand: Gold Rand: Bullish (Overbought) - NewGold ETF?Bullish (Overbought) - NewGold ETF?
• Platinum Rand: Platinum Rand: Bullish (Overbought)Bullish (Overbought)
• Rand weakness vs USD vs EUR vs GBP Rand weakness vs USD vs EUR vs GBP • Rand Hedge Shares?Rand Hedge Shares?• Opportunities?Opportunities?
![Page 35: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/35.jpg)
Market Indicators
• JSE Overall IndexJSE Overall Index• Top 40 IndexTop 40 Index• Mid Cap Mid Cap • Small CapSmall Cap• Alt-X IndexAlt-X Index
• Gold Mining Index Gold Mining Index • Platinum MiningPlatinum Mining• Resource 20 IndexResource 20 Index• Financial 15 IndexFinancial 15 Index• Industrial 25 IndexIndustrial 25 Index
![Page 36: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/36.jpg)
JSE Overall Index (Weekly)
SupportSupport
ResistanceResistance
Bullish / NeutralBullish / Neutral
SupportSupport
SupportSupport
![Page 37: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/37.jpg)
JSE Overall Index
SupportSupport
ResistanceResistance
SupportSupport
SupportSupport
BearishBearish
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Top 40 Index
ResistanceResistance
SupportSupport
SupportSupport
SupportSupport
BearishBearish
![Page 39: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/39.jpg)
Top 40 Index
Bearish / Oversold / Market PerformingBearish / Oversold / Market Performing
![Page 40: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/40.jpg)
Mid Cap IndexMid Cap Index
Bearish / Oversold / OutperformingBearish / Oversold / Outperforming
![Page 41: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/41.jpg)
Small Cap Index
Bearish / Oversold / UnderperformingBearish / Oversold / Underperforming
![Page 42: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/42.jpg)
Fledgling Index
Bearish / Oversold / UnderperformingBearish / Oversold / Underperforming
![Page 43: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/43.jpg)
Alt-X Index
Bullish / Oversold / UnderperformingBullish / Oversold / Underperforming
![Page 44: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/44.jpg)
What can we learn? • JSE Overall Index JSE Overall Index
– Bullish/ Neutral(W) Bullish/ Neutral(W) – Bearish Bearish – Testing Resistance Testing Resistance
• Top 40 Index Top 40 Index – Bearish / OversoldBearish / Oversold– Market Performing Market Performing
• Mid Cap Index Mid Cap Index – Bearish / OversoldBearish / Oversold– Market Outperform Market Outperform
• Small Cap IndexSmall Cap Index– Bearish / OversoldBearish / Oversold– Market Underperform Market Underperform
• Fledgling IndexFledgling Index– Bearish / OversoldBearish / Oversold– UnderperformingUnderperforming
• Alt-X IndexAlt-X Index– Bullish / OversoldBullish / Oversold– Underperforming Underperforming
Bearish
Bearish
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Market Indicators
• JSE Overall IndexJSE Overall Index• Top 40 IndexTop 40 Index• Mid Cap Mid Cap • Small CapSmall Cap• Alt-X IndexAlt-X Index
• Gold Mining Index Gold Mining Index • Platinum MiningPlatinum Mining• Resource 20 IndexResource 20 Index• Financial 15 IndexFinancial 15 Index• Industrial 25 IndexIndustrial 25 Index
![Page 46: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/46.jpg)
Gold Mining Index
Bullish (Just!) / Overbought / OutperformingBullish (Just!) / Overbought / Outperforming
Bearish DivergenceBearish Divergence
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Gold Shares – Anglogold
Watch
Bullish (Just!) / Overbought / UnderperformingBullish (Just!) / Overbought / Underperforming
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Gold Shares – Harmony
Watch
Bullish / Oversold / UnderperformingBullish / Oversold / Underperforming
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Gold Shares – Gold Fields
Bullish / Overbought / OutperformingBullish / Overbought / Outperforming
Watch
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Platinum Mining Index
Bearish / Overbought / UnderperformingBearish / Overbought / Underperforming
Watch
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Platinum Shares –AmplatsPlatinum Shares –Amplats
Bearish / Overbought / Market PerformingBearish / Overbought / Market Performing
Watch
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Platinum Shares – Implats
Bearish / Overbought/ OutperformingBearish / Overbought/ Outperforming
WatchClosely
![Page 53: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/53.jpg)
Resources 20 IndexResources 20 Index
Bearish/ Overbought / UnderperformingBearish/ Overbought / Underperforming
Watch
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Resource Shares – Anglo
Bearish/ Oversold / UnderperformingBearish/ Oversold / Underperforming
Watch
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Resources – BHP Billiton
Bearish/ Overbought / Market PerformingBearish/ Overbought / Market Performing
Watch
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Resource Shares – Sasol
Bearish/ Oversold / Market PerformingBearish/ Oversold / Market Performing
50% Retracement level50% Retracement level
WatchClosely
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Resource Shares – Exxaro
Bullish/ Oversold / OutperformingBullish/ Oversold / Outperforming
Hold
Test July’s High?Test July’s High?
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Resource Shares – Kumba
Bullish (Just!) / Oversold / OutperformingBullish (Just!) / Oversold / Outperforming
WatchClosely
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Summary – Mining & Resources
• Gold Mining IndexGold Mining Index– Bullish (Just!)Bullish (Just!)– OverboughtOverbought– OutperformingOutperforming– Bearish DivergenceBearish Divergence
• Platinum MiningPlatinum Mining– BearishBearish– OversoldOversold– UnderperformingUnderperforming– Testing ResistanceTesting Resistance
• Resource 20 Index Resource 20 Index – Bearish Bearish – OverboughtOverbought– UnderperformingUnderperforming– Testing ResistanceTesting Resistance
Harmony – Some more upside potentialImplats – Breakout above Resistance?Sasol – Bouncing off SupportExxaro – Hold (Test July’s Highs?)Kumba – Testing Resistance/ Oversold
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Financial 15 Index
Bearish/ Overbought/ Market OutperformingBearish/ Overbought/ Market Outperforming
WatchClosely
![Page 61: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/61.jpg)
Bank Shares - ABSA
Bullish (Just!) / Overbought/ OutperformingBullish (Just!) / Overbought/ Outperforming
WatchClosely
![Page 62: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/62.jpg)
Bank Shares – Firstrand
WatchClosel
y
Bullish (Just!) / Overbought/ OutperformingBullish (Just!) / Overbought/ Outperforming
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Bank Shares – Stanbank
WatchClosel
y
Bearish/ Overbought / Market UnderperformBearish/ Overbought / Market Underperform
Down ChannelDown Channel
![Page 64: Money Matters Shaun van den Berg 30 August 2011. Top - Down Approach ` International MarketsInternational Markets Economic IndicatorsEconomic Indicators.](https://reader038.fdocuments.in/reader038/viewer/2022110211/56649eea5503460f94bfb55f/html5/thumbnails/64.jpg)
Bank Shares – Nedbank
Bullish/ Overbought / OutperformingBullish/ Overbought / Outperforming
WatchClosel
y
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Life Assurance - Sanlam
Bearish / Overbought / Market PerformingBearish / Overbought / Market Performing
Watch
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Life Assurance– Old Mutual
Bearish / Overbought / UnderperformingBearish / Overbought / Underperforming
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Real Estate - Growthpoint
Hold
Bullish/ Overbought / Market OutperformingBullish/ Overbought / Market Outperforming
Testing Resistance?Testing Resistance?
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Real Estate - RedefineReal Estate - Redefine
Hold
Bullish/ Overbought / OutperformingBullish/ Overbought / Outperforming
Retest Resistance?Retest Resistance?
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Industrial 25 IndexIndustrial 25 Index
Bearish (Just!) / Overbought / OutperformingBearish (Just!) / Overbought / Outperforming
Retest Resistance?Retest Resistance?
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Industrial Shares – MTN Group
Hold
Bullish/ Overbought / OutperformingBullish/ Overbought / Outperforming
Retest Resistance?Retest Resistance?
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Industrial Shares – BATS
Sell on
Break
Bullish/ Overbought / OutperformingBullish/ Overbought / Outperforming
Bearish DivergenceBearish Divergence
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Industrial Shares – SAB Miller
Hold
Bullish / Overbought / OutperformingBullish / Overbought / Outperforming
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Industrial Shares – Industrial Shares – RichemontRichemont
Sell on
Break
Bearish/ Oversold / UnderperformingBearish/ Oversold / Underperforming
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Industrial Shares – Industrial Shares – Bidvest
Sell on
Break
Bearish/ Oversold / UnderperformingBearish/ Oversold / Underperforming
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Summary – Financial & Industrial
• Financial 15 IndexFinancial 15 Index– BearishBearish– OverboughtOverbought– Market Outperforming Market Outperforming
• Banking SharesBanking Shares– BullishBullish– OverboughtOverbought– OutperformingOutperforming
• Life Assurance SharesLife Assurance Shares– Bearish Bearish – OverboughtOverbought– UnderperformingUnderperforming
• Real Estate SharesReal Estate Shares– Bullish Bullish – OverboughtOverbought– OutperformingOutperforming
• Industrial 25 IndexIndustrial 25 Index– BearishBearish– OverboughtOverbought– OutperformingOutperforming
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Summary – Financial & Industrial • Banks
– ABSA, Firstrand & Nedbank
• Bullish
• Testing resistance
– Stanbank
• Bearish
• Breakout of Down Channel?
• Life Assurance
– Old Mutual
• Breakout above resistance?
• Real Estate
– Growthpoint & Redefine
• Retesting Resistance
• Industrials
– MTN Group (Hold)
• Retesting Resistance
– BATS (Sell on Breakout)
• Overbought
• Bearish Divergence
– SAB Miller (Hold)
• New Highs
– Richemont (Sell on Breakout)
• Testing Support level
– Bidvest (Sell on Breakout)
• Testing Support Trend Line
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Callie’s Choice for this month
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Comment on Results
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Operational Overview
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Prospects & Recommendation
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Ciplamed (Weekly)
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Ciplamed
Bearish/ Overbought / Market PerformingBearish/ Overbought / Market Performing
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Conclusion
• Simple Trend Analysis– Price Action– Support & Resistance – Overbought / Oversold & Relative Strength
• Money Matters presentation available soon!• Next Meeting: Tuesday, 27 September 2011• Good Luck • Happy Trading!