Second day record close for the JSE

After opening softer after yesterdays record high the All Share climbed up another 0.5% to end at 25572.390. This was due to a rise in the resource sector with Gold Mining and Platinum Mining ending 1.51% and 1.60% higher respectively. The Industrial 25 was also up 0.46% unfortunately the financials where down 0.49%.

The gold price rose 0.93% to trade at $653.75/oz but the key was the weakening in the Rand to trade at 7.2219 to the dollar.

Other Stats

Rand-Sterling 14.2298 1.64%
Rand-Dollar 7.2219 1.21%
Rand-Euro 9.3698 1.40%

Gold 653.75 0.93%
Platinum 1180.00 1.24%
Brent Oil 55.58 0.27%

Current Trades
Again nothing since I missed to boat. I will however have more time to scan for opportunities when the auditors leave me alone in my corner.

Watch List
1)JSE CODE:NHM 4801 -5.27 %
SECTOR: Platinum & Precious Metals
Comment: This is more like it! Will need to check the charts to see if my 4500 will be a good entry point.

2)JSE CODE:SOL 24515 1.31 %
SECTOR: Integrated Oil & Gas
Comment: Still holding thumbs for a pull back for me to jump on. The oil price seems to have support at their current levels so it is unlikely in the short term.

Tomorrow
Again I fly in the face of wisdom and call for a pullback in the short term but I am still bullish in the longer term

JSE rourse to new High

The all share index was up 1.13% at 25,386.79 after reaching an all-time high of 25,438.49.Resources rallied 2.3%, with the gold and platinum mining indices jumping 2.06% and 2.15% respectively.Industrials climbed 0.4% and financials firmed 0.31%, but the banks index was 0.31% in the red.The rand was bid at 7.13 per dollar from 7.10 when the JSE closed on Tuesday, while gold was quoted at US642.80 a troy ounce from $639.85/oz at the JSE's last close.

Other Stats

Rand-Sterling 14.0941 0.18%
Rand-Dollar 7.1690 0.82%
Rand-Euro 9.2953 0.49%

Gold 641.25 -0.68%
Platinum 1163.00 -0.77%
Brent Oil 53.95 -2.09%

Current Trades

None but kicking myself for not buying SOL as a Call Warrant.

Watch List
1)JSE CODE:NHM 5040 -0.20 %
SECTOR: Platinum & Precious Metals
Comment: If it drops below 4500 I will trade it. But now its to expensive

2)JSE CODE:SOL 24199 4.31 %

SECTOR: Integrated Oil & Gas
Comment: I missed the train completely with this one being a star performer today. But the oil sector is volatile so there may still be opportunity

Tomorrow
I guess a small pull back will be in order.

Resources up, the rest down

This battle left the Alsi basically flat down only 0.14%. The gold mining index gained 0.92% and the platinum mining index climbed 0.54% but the resources only gained 0.21%. The rest where down with Industrials being the biggest loser down 0.86%. Banks fell 0.76% and financials down 0.44%. The rand weakened by 2 cents against the dollar to trade at 7.10 while gold also traded lower at $637.65/oz.

Other Stats

Rand-Sterling 14.1410 0.50%
Rand-Dollar 7.1100 -0.26%
Rand-Euro 9.2679 0.40%

Gold 643.25 1.68%
Platinum 1167.50 1.17%
Brent Oil 53.61 1.73%

Current Trades

None but waiting with baited breath to get into Sasol (SOL)

Watch List

1)JSE CODE:NHM 5050 1.00%

SECTOR: Platinum & Precious Metals

Comment: Still trading way to close to its high of 5300. Will watch it for this week but am growing tiered of it.

2)JSE CODE:SOL 23199 0.52%

SECTOR: Integrated Oil & Gas

Comment: It traded up above 23100 so we are only 100 away from my target after trading below 23000 for most of the day. I still feel bearish about it but I am waiting for the bounce due to there results.

Tomorrow

It seems that our market is taking its lead from international markets so we have to keep an eye on what happens in the states tonight. Having said that I am getting my money ready to buy.

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.

JSE Alsi ends down the second day in a row

The JSE All Share ended today down 0.70% to 24980.440. Resources moved down 2.22%, the platinum mining index fell 1.01% and the gold mining index lowered by 0.24%.
Financials lost 0.27%, with the banks index fell only 0.05%. Industrials ended up 0.57% . The dollar was trading at R7.21 per dollar and Gold improved slightly from $626.60/oz to $626.90/oz.

Other Stats

Rand-Sterling 14.1445 +0.07%
Rand-Dollar 7.1712 -0.40%
Rand-Euro 9.2857 -0.52%
Gold $629.10 +0.67%
Platinum $1139.50 +0.35%
Brent Oil $51.28 -0.66%

Current Trades

Sold PPC today and made 12%. BAW is still in a strong upward trend and I am currently up 20%. I have moved my stop loss higher as to preserve more profits but I expect it to be hit tomorrow with it only being 3.9% away from being hit.

JSE CODE:BAW 17932 +3.02%
SECTOR:Diversified Industrials









Watch List

1)JSE CODE:NHM 5190 0.58%
SECTOR: Platinum & Precious Metals
Comment: May be to late but will keep an eye out for dividend

2)JSE CODE:HVL 6977 -3.1%
SECTOR: Steel
Comment: Still feeling good about it waiting for upturn.

3)JSE CODE:SOL 22750 -0.46%
SECTOR: Integrated Oil & Gas
Comment: Earning are hedge so falling oil price not a factor but the market is pricing it in.

Tomorrow

I expect the downward trend to continue in resources while local shares could offer buying opportunities. A warrant trade that is short of resources looking better while oil is falling.

JSE ends down 0.16% due to Resource Heavyweights

The all share indeed ended 0.16% weaker at 25,155.450. Resources retreated 1.21% but the platinum mining index perked up 1.18%. Industrials and financials firmed 0.43% and 0.69% respectively.




Other Stats
Rand-Sterling 14.1810 +0.33%
Rand-Dollar 7.2108 +0.17%
Rand-Euro 9.3500 +0.39%
Gold 624.12 -0.38%
Platinum 1143.00 -0.09%
Brent Oil 52.18 -2.38%

Current Trades
I am still busy with both the PPC and BAW trades. Things are going well with only 2% to go for PPC before I reach my target while BAW exceeded my target already and is about 15% up. I placed a stop loss on the BAW of around 7% so a nice profit is in the bag.

JSE CODE:PPC 39065 +0.22%
SECTOR:Building Materials & Fixtures

JSE CODE:BAW 17300 +1.17%
SECTOR:Diversified Industrials

Watch List
I have 3 shares on my watch list at the moment and depending on PPC and on how they are doing we might just buy.
1) JSE CODE:NHM SECTOR:Platinum & Precious Metals
Pros
Platinum's average price for 2006 was $1142/oz
Earning up around 100%

Cons
A high PE of 17 may mean the good news is priced in
Price has moved 5% already this week

2) JSE CODE:HVL SECTOR:Steel
Pros
Steel price has moved up the past month
Local demand still high
Chinese demand
Historic PE of 6.6

Cons
Price has moved down
thinly traded so big positions moves market

3) JSE CODE:SOL SECTOR:Integrated Oil & Gas
Pros
Has an hedge in place at $63 so with oil trading $52 well in the money
Technology
Big Dividends

Cons
Windfall tax issue
PE of 10 (so its fairly priced)

Well let see what happen tomorrow. I however expect the market to continue moving down on US news. Enjoy the trading :-)