MarkWeetman

MarkWeetman

There was some recent chatter in our trading room about this pair: "Can you please have a look at +IPL/-BVT? The gap appears wide relative to historical performance." @lester_davids "Yes, I picked this up two weeks ago, and not going that great so far. Also waiting for this gap to close." @michaelporter Looking at the relative it looks like the pair is starting...

MarkWeetman

Tony Bell, Vunani Fund Managers, mad the following comment on Ryk van Niekert's Moneyweb interview: ""Naspers, of course, skews our indices quite a bit, Naspers up and everyone is happy, Naspers down and the market is down, and I think that’s the pattern we are starting to see which is very much a mimicking of what’s happening in China. If you have a look at our...

MarkWeetman

With the recent pullback in the S&P500 (~-10%), there is the usual "flight to safety" chat. Gold would have protected you against almost 50% of the fall (Gold +4.5%). This does make the point for having commodities in a portfolio for diversification ....

MarkWeetman

@RobbyP thinks his gold basket (blend of ANG, GFI, HAR and SGL) is looking overdone. Possibly look for a short-term short.

MarkWeetman

Lester Davids, Unum Capital Trading Desk analyst, is having a look at BTI from a short term bounce perspective. The share down R190 over the last month alone. We are looking at 595/605 as a possible level (if we can get it). Looking at 45 to R55 upside. Now at R610.79 on my screen. For those trading in South Africa BTI is not available as a CFD, however you...

MarkWeetman

According to Lester Davids, Trading Desk analyst at Unum Capital: "Some positivity on the Tencent Chart - Could be a driver tomorrow. - Bullish Divergence - Extended well below it's 200dma (HK$404) - Chinese market sentiment overwhelming negative" Contact the Trading Desk on +27 (0)11 3842920 or tradingdesk@unum.co.za to discuss.

MarkWeetman

Find out what Nicolle Wepener, Portfolio Manager at Unum Capital, thought of last weeks market movements and get some tips for the week ahead. Simply watch the NHT Weekly Market Update for the 10th - 14th September which covers: Offshore Analysis: Indices: China, Hang Seng, DJIA, ASX, & FTSE 100 Forex: US Dollar Index and EURUSD Commodities: Oil, Gold and...

MarkWeetman

RobbyP, on our Unum Capital Trading desk, asked me look at Implats (IMP) vs Amplats (AMS) for a pairs trade. Unfortunately this trend doesn't look like it has reversed, so I'm staying away.

MarkWeetman

Lester and myself are watching a few of the South African Gold pairs

MarkWeetman

Lester Davids, our Trading Desk analyst, is bullish on sugar over the medium term, but in the short term there may have a potential short/sell. Interesting that all the softs (except wheat) have all moved together. Possibly look to accumulate a basket of softs on a bit of a pull back.

MarkWeetman Updated 

Last week Lester highlighted APN as as "opportunistic buy" after the fall from R290. It looks like R263 to 264 is still a level where buyers have lined up to take advantage of the fall. This is also in line with the 50dma. Once again stay cognizant of the USDZAR. MariusGrobler301 is having a look at this trade for our clients.

MarkWeetman

"On Wednesday the share tested and rebounded off the prior swing lows between 102 and 103.50. This appears to be a range-trading opportunity, with the upside target being the prior highs of 119. " Lester Davids, Trading Desk analyst, Unum Capital. Keep an eye on USDZAR as this will continue to impact South African retailers.

MarkWeetman

Recently our Unum Trading Desk analyst, Lester Davids identified a potential pairs trade on Heating Oil and Nat Gas. "I am bullish on NatGas with a medium term view. We recently saw a break of the downward trend with an inverse head and shoulder developing. In the short term though, we could see a pullback following the breakout. On that basis, one could be...

MarkWeetman

Flash note from Lester Davids, Unum Trading Desk analyst: "US Dollar Index Futures(DXY): The recent price tick-up (since 30-Aug) appears very similar to the move from 27-Nov-2017 to 11-Dec-2017 - marked with grey arrows. On this basis I would caution against on being very long the USD - of which spec positioning is very long. "

MarkWeetman

Flash note from Lester Davids, Unum Trading Desk analyst: "This looks like a short/sell opportunity on the S&P500 Futures: 2894 has held for 6 days. Now this level is breaking down. Current level: 2890."

MarkWeetman

An interesting research note this morning from our Unum Trading Desk analyst, Lester Davids: "Since November 2017, South African citizens have become accustomed to hearing the term "New Dawn" - a reference to the expected change in the country's fortunes due to the change political leadership. From the onset of the handover, a new wave of optimism ensued with...

MarkWeetman

Sappi (SAP) chart from Lester Davids, Unum Capital Trading Desk analyst. Daily Chart: Now at resistance and looking slightly stretch. Weekly: Building an Inverse H&S

MarkWeetman

RobbyP, Private Client Trader Unum Capital, sent me a Bloomberg chart analysisng the Gold/silver ratio. I thought I would take a closer look. The current ratio is similar to that of 2016 and 2009. The move mid 2011 was on the back of massive short-term silver strength. If you believe the current ratio will hold, then you SHORT Gold and BUY silver around these levels.