Karin Richards
@Richards_Karin
Investor. Technical share trader. Semi-retired CA(SA). Conservationist. Happily trading & charting the ASX and JSE for more than 20 years. Tweets are not advice
1/3 S&P500 remains in the 5th and final Elliott Wave of a bull market that has endured since the Great Depression. A multi-generational supercycle is ending. If history is any guide, the resulting bear market will be vicious. It may last a decade and it will destroy portfolios.
Gold is in a 5-swing triangle. A little more downside and it should complete the 5th swing. Odds strongly favour a break in the direction of the trend, i.e. upward, but there can never be certainty. If it breaks to the upside, the target will be ± $3750.
Powell looks smaller by the day. And not at home in a hard hat. One of the 400 Fed PhDs should’ve written him a Please excuse J from this tour. He knows nothing about any renovations. The cat did it.
NYSE margin debt exceeds $1 trillion for the first time ever. Up 18.5% in 2 months. Deutsche Bank says it is “by some metrics - higher than during the US tech bubble” and describes it as “market euphoria ... becoming too hot to handle.” BB / Data by FINRA
Alphabet increases capex to R1.5 trillion. Yup.
*ALPHABET INCREASING INVESTMENT IN CAPEX 2025 TO ABOUT $85B
Fabulous. By Kris Luckenbach @KrisLuckPhoto - a nature and wildlife photographer based in Kodiak, Alaska.
Not a good idea. SA investors have more than their fair share of worries to contend with. We’re a resilient bunch, but we need a break and a clear head more than most.
JSE considers 24-hour trading businesslive.co.za/bd/companies/f…
JSE All-Share has increased from 10,000 to 100,000 in 21 years. That’s a Compound Annual Growth Rate of 11.6%, excluding dividends. Not too shabby considering the JSE was essentially flat for 6 long years from 2014 to 2020.
JSE All-Share hits 100,000. The last 20 years.
Investors will remember what happened when Russia was sanctioned. The US ETFs tracking Russia went to zero overnight. It would be an unmitigated disaster for SA. SA banks could lose access to SWIFT. And how will we finance our mountain of debt? Yields would go through the roof.
South Africa made its choice when they abandoned America and our allies and sided with communists and terrorists. Today, my bill to fully review America’s relationship with South Africa and give President Trump the tools necessary to hold their corrupt government accountable…
Tesla P/E is 182x. And that’s after falling 30% from its Dec’24 high.
Sibanye: The always excellent @KoosKanmar on SSW. Just realized that I've been following him for more than a decade. Thank you Koos.
Agreed Karen. Holding onto this one, but above my target, it's now a wait and see approach. It's gone parabolic, with no clear setup from here. Best would be to set a target, and let the market take me out. Trailing stop loss.
Rhodium is NB for our PGM miners, but prices are unreliable. The chart (such as it is) indicates that rhodium is holding above the 200-month. If it continues to hold, a +30% increase in price is possible over the medium term. No certainty, but possible.
Sibanye: Numerous Qs re sell or hold? SSW reached my target of R40. It’s overcooked and I’m short of a crystal ball, but am holding, tenuously, for now. Best guess is a strong correction to ±R36 followed by a final leg up to R50. Providing PGM prices (and markets) hold up.
