Dead cat bounce?

The JSE ended up 0.8% on the back of better commodity prices. Platinum lead the way up 2.59% while gold was basically unchanged at 0.01%. Banks where up 2.2%, financials 1.07% and industials 0.77%. Gold was trading at US$634.50/oz while the rand remained strong at 7.12 to the greenback.

Other Stats

Rand-Sterling 14.0088 -0.59%
Rand-Dollar 7.0963 -0.61%
Rand-Euro 9.1666 -1.05%

Gold 638.70 0.54%
Platinum 1166.00 0.65%
Brent Oil 54.09 1.22%

Current Trades

Sold my BAW instalment making 14.8% including the dividend. The market opened yesterday way below my stop loss which was subsequently not triggered. This was not totally unexpected.

Watch List
1)JSE CODE:NHM 5000 -0.6%
SECTOR: Platinum & Precious Metals
Comment: Has came down about 3% in the past 2 trading sessions. Would prefer to get in at well under 5000.
2)JSE CODE:HVL 7385 1.16%
SECTOR: Steel
Comment: No instalment available that would fit into my strategy. The one with the longest expiry date is in May which is way to risky especially with the share being so thinly traded.

3)JSE CODE:SOL 23080 1.67%
SECTOR: Integrated Oil & Gas
Comment: Was up today at 2% plus but ended down. Depending on what happens tomorrow I might be in with an instalment. Oil also firm over the weekend on cold weather fears.

Tomorrow

I would still be short of the market as Friday proofed me right. Essentially gold since even after a rally on Friday in New York it basically did not move.