MariusGrobler301

MariusGrobler301

It was a mixed start to the week across global equity markets, with some major indices finding strong support from oversold levels (Europe) when viewed on a short term basis while US markets rose in the first hour of trade only to fail to hold it's intraday highs as sellers regained control and offload more stock at year-to-date lows. This time, fears around...

MariusGrobler301

BID starting to look real attractive for a long @260 RSI indicating oversold MOM seems to be picking up MACD looking for bullish crossover Buy @ 260 TP @280 SL@250

MariusGrobler301

Tuesday saw another down day across global markets as the sellers remained in control for much of the session on the JSE, across Asia as well in Europe as contagion and investor nervousness kept fingers on the selling button. On the Top 40 index, only 3 out of 40 shares closed in the green, this being British American Tobacco, Anglogold Ashanti and Anglo...

MariusGrobler301

The biggest one-day rally in three years in Chinese equities on Monday failed to inspire other major global markets to shoot the lights out. This comes as a traders and investors in Europe and the United States face homegrown hurdles that could potentially put the brakes on short term gains. In the US, mid-term elections are sure to bring a fresh bout of...

MariusGrobler301

Global equities ended in mixed territory on Friday as traders and investors digested fresh data out of China, the prospect of further rate hikes in the United States while assessing the potential for geopolitical tensions between the US and Saudi Arabia. Volatility was subdued during the North American trading session as the Dow Jones Industrial Average...

MariusGrobler301

PIK up 3.7% this morning after delivering a solid set of interim statemetns. reported revenue for the H1 of R42.3bn(+6.4%) Group turnover up 6.4%, with like-for-like turnover up 3.8%... Volume growth of 3.5% and market share gains over six months... 1H gross profit margin 18.6% (18.6%) internal inflation held at 0.3% against CPI food of 3.5%... 1H trading...

MariusGrobler301

I would look to short the short term bounce in MRP. SA fundamentals still looking bleak for now. Short term ZAR recovery in my view. Longer term weakness. Targeting the 50dma @224

MariusGrobler301

Calculating the J200 to open in the red this morning -183 points. US markets closed lower on Friday. Asian markets trading lower this morning. Tencent down -0.99% currently. ZAR slightly weaker this morning (more downside to come) S&P futures flat. UK futures pointing lower. Traders should look to profit on arbitrage between the ALSI open and the J200 open call.

MariusGrobler301

Calculating a negative open on the J200 -215 points. ZAR weaker this morning. US markets ended lower yesterday. Asian markets trading lower this morning. FTSE futures lower this morning. Traders should look to profit form arbitrage opportunities between the the ALSI open and the J200.

MariusGrobler301

Calculating the J200 to open down -198 points. Tencent down -1.8% US & FTSE futures pointing lower US markets ended lower yesterday Asian markets trading mostly lower this morning Traders should look to profit arbitrage between the ALSI open and the Unum J200 open call

MariusGrobler301

On Wednesday all eyes were on the US Federal Reserve as market participants awaited the commentary following the near-certain 25 basis point hike which saw the lending rate increase from 2.00% to 2.25%. General commentary from the committee highlighted the most known factors including: (1) the health of the US economy (2) low unemployment (3) rising wages...

MariusGrobler301

On Tuesday the JSE came under pressure as it caught up with a softer global sentiment driven by traders expecting economic data, USD-China trade negotiations as well as political maneuverings out of Washington. For the day, the All Share Index was lower by 0.49% while the Top 40 declined by 0.64%. Leading the declining were financials, with Standard Bank and...

MariusGrobler301

Based on my calculations I derive a negative open on the J200 -249 points. The UK market finished weaker yesterday. US markets ended mostly lower yesterday. Tencent trading down -2% currently. S&P and FTSE futures pointing lower. Traders should look to profit from arbitrage opportunities between the ALSI open and the J200 open based on our caculations.

MariusGrobler301

Global equities got off to a weaker start this week as traders assessed the impact of further tariffs as well as a slew of economic data and potentially market-moving events for the week ahead. This morning we saw the release of the Bank of Japan Monetary Policy Meeting Minutes while tomorrow the US Federal Reserve's Interest Rate Announcement is made known...

MariusGrobler301

Wednesday saw the release of a key piece of SA economic data which helped the Rand gain versus the major currencies. Inflation for the month of August (YoY) came in at 4.9% versus a prior reading of 5.1% and consensus forecast of 5.2%. This saw the Rand gain by approximately 27 cents versus the US Dollar, closing the session just above the R14.60 level from a...

MariusGrobler301

Calculating a positive open on the J200 +193 points. Tencent currently +2.03% ZAR slightly stronger. US & FTSE Futures pointing upwards. Traders should look to benefit from arbitrage opportunity between the ALSI open and the Unum Capital J200 open call.

MariusGrobler301

Unum Market Commentary: Equities Stable As Traders Shrug Off Trade Woes; Copper Rebounds On Tuesday, traders appeared to ignore the threat of a trade war, instead focusing on a softer US Dollar to drive sentiment throughout the session which saw equities largely higher on the day. On the JSE, the All Share Index added 0.15% while the Top 40 managed to stay in...

MariusGrobler301

It was a risk-off start to the trading week for global equities as new rounds of jabs between the United States and China regarding trade saw Asian equities attract sellers early in the session, with the the major Hang Seng and Shanghai Composite Indices losing over 1% each while the Nikki bucked the trend, adding 1.19%. In Europe, markets continued with the...