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THE LONG AND THE SHORT OF IT: SAPPI Those who follow my research and ideas know by now know that my primary tool is technical analysis or price charts . The reason for this is threefold: 1. I realize that I possess limited fundamental expertise to arrive at an investment decision. The fact is, there are individuals out there who are much smarter, have better tools at their disposal and are closer to the industry and the companies than I will ever be. 2. The price chart allows me to ascertain the 'pure' supply and demand dynamics between buyers and sellers as well as identify key levels while using technical tools to gauge reversals as well as determine the potential for upside and downside momentum. 3. Using technical analysis allows me to cover an array of instruments across various asset classes both locally and globally to obtain an holistic view of potential opportunities (i.e. we can go anywhere with technical analysis).  In a nutshell, technical analysis, helps identify

  Weekly Take Equities: Although continuing to trade close it's all-time highs, the latter half of last week was somewhat choppy with the price action on the major indices reflective of minor indecision following the solid advance during the prior week. This could be seen by reviewing the daily charts of the S&P 500 and Nasdaq where the candle structure reflected cautious optimism among market participants. For the week, the All Country World Equity Index edged higher by +1.44%, taking it's year-to-date gain to +12%. Over the 5-day period, it was Colombia that led the America's while Greece outperformed in Europe and the UAE in the Middle East/Africa while South Korea and Taiwan gained with advances of 8.5% and 4.6% respectively in USD terms. Locally, the All Share Index performed strongly, adding 2.85% for the five-day period with the relative sector performance versus the broader market as follows: Morning Snapshot (Mid-Session Asia 06:10am) US Sector Performance Comm

Instruments Covered: US 10-Year Bond, Copper, Platinum, Platinum/Palladium Ratio, Iron Ore, Brent Crude Oil, DAX, Shanghai Composite, Absa, AECI, Mpact, Naspers, Imperial Logistics, Home Depot, Visa, Faro Technologies, JNJ, Iqvia, Genmark Diagnostics, Constellation Brands. Fixed Income US 10 Year Bond Yield - We've been banging the drum on higher interest rates from just under the 60bps level. Subsequently we saw the US10Y sell off (i.e. higher yields = lower bond prices) to test a multi-month high of 0.98% on 11 November. Since then, we have seen a sideways consolidation with resistance between 0.96% and 0.98% and support from 0.82% to 0.84%. Tracking performance from March 2020, we note the yield has developed a base formation with the aforementioned consolidation just above the 200-day simple moving average. Look for a break through the 0.99% level as a trigger for the next level higher.        Commodities Copper | On Friday, the commodity tested it's hi