Stochastic indicator for Febuary 2010

First off the underlying shares for the second half of January did not perform up to expectations as there was a general sell-off of about five percent of the index. So the performance of MTN,SAB and SAP was basically flat.

Now for Febuary ,being such a short month and the stochastic indicators being so near the bottom ,there in my opinion only, many opportunities  as the regression lines of the major shares are pointing up. On many shares the OBV are still below the share trend lines which show a lack of confidence in the market generally.WATCH OUT FOR OTHER CHART INDICATORS AS WELL

Shares that seem to be in good starting positions are:-

KUMBA(KIO)

EXXARO(EXX)

VODACOM(VDO)

NEDBANK(NED)

OLDMUTUAL(OML)

ANGLO(AGL)

BILLITON(BIL)

Mini update halfway 15 of Feb

ONLY MY OPINION

KIO almost reaches the 80% mark,time to start thinking of tighter stop losses .The RSI and OBV still seems good.

EXX only half way up ,obviously more to come as the OBV and RSI shows

VOD flat avoid for now

NED unconvincing struggeling up

OML better performance than NED watch out when it reaches above 80% up as things are not inplace for a really strong financial rally

AGL finally picking up speed ,the RSI shows better signs ,but i prefer

BIL at this stage good RSI  though nearing the 80/5 up on the stochastic so tighten those Stop-losses

When above the 80% mark rather sell some but at this stage does not look like one should go short.

17 Feb  today one day before declaration date of Impala(IMP) In my opinion only the Stoch looks as if it might  run ,It might be time to include it in the list above.

I am not sure about Angloplat as its update report was appalling and it does not cut a convincing signal.Its very erratic and the platinum price,Rand/Dollar pulls it in different directions almost every day.It is in my opinion  better suited to other kinds of derivitives.

IMPALA(IMP) might come into the picture in a couple of weeks ,but i feel just not now.

Remember to take world and local events into consideration and

do your own research an ALWAYS  keep updated stop-losses and alerts on warrants as they are easily effected by rumour and can instantly turn negative.
Mini update 12 Feb 2010

I use  CNN  extensively to decide which on the internet to help me decide which way vthe market is going to go. Good to keep up with the news and i find reading it is better than watching it as then if there is somthing i must concentrate upon I can give extra attention to it.
Also go to their money website for the American pre-market trends as our own market is extensively influenced by it.