The market has settled down and is consolidating at the moment, with the ALSI up 0.41% this morning.
Asian markets are also positive as well as the US Futures markets showing slight gains this morning.
The Dow hasn't shown any sign of slowing down its rally, but it's trading in overbought territory. The trend upwards is still intact, as well as on the JSE All Share.
We will keep an eye on news released today, core durable goods orders from the US at 14:30, but we expect the trend to continue.
Shares looking strong is Anglo's this morning up 1.57%, with interim results being reported on Friday. Old Mutual also showing gains of 1.64% today, continuing it's rally on rumours regarding a Nedbank buy out that's been circulating lately.
Buy on the rumour sell on the fact.
Safe trading
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment