The JSE closed down a 185 points (-0.61%) on Friday to close at 30066. The US markets closed mixed with the DOW down, while the S&P 500 and the NASDAQ closing in positive territory.
The US futures are trading in the red at the moment with all the index futures down over 0.5%.
The price of Brent crude has also declined to 81.78$ per barrel from a high of 86$ per barrel last week.
A possible short could be SASOL, which is looking weak, but keep in mind the 770c dividend it divulged a week ago. But the trend is looking negative as its moving average indicators are on the way down.
Also Firstrand is starting to look weak, which could indicate some downside.
All signs at the moment indicate a lower open today.
Let's see how the markets open.
Safe trading
No comments:
Post a Comment