The Uganda shilling closed at 3368 on the US dollar, 4488 on the British pound, 3755 on the Euro, 50.44 on the Rupee, 33.22 on the Kenyan shilling, 2577 on the Canadian dollar, 2556 on the Australian dollar and 1.54 on the Tanzania shilling.
The shilling is moving in a very tight range but today it bounced off its support at 3375 but with a very tiny gain. Its support still sits at 3375 and 3400 on the US dollar. Its resistance is solid at 3350 and it will take a miracle to even crack this resistance. A year ago, the Uganda shilling was trading at 2500 on the US dollar but how things change in a year.
Coffee Arabica closed at $3.57 per kilo.
Coffee Robusta closed at $2.05 per kilo. I so seriously should consider trading coffee. Very predictable.
Gold is trending at $1357 per ounce and seems to have lost $6 on the ounce. Nothing to write home about.
Oil (Brent Crude) closed at $43.42 per barrel after gaining a cool $1.52 per barrel. Holly cracka molly! This thing is playing me. I so seriously still believe that oil is a SHORT but it could burn some people and then it is their problem.
Shanghai rose 7 points. This one is a bit tricky. I would short it. There are 2 issues. The $SSEC closed its gap up. It then hit its 200 day MA and bounced off. So it could be a long short and go up but the likelihood of it going down for are short is higher. Whenever not sure, stay on the sidelines.
Hong Kong is a beauty. It was a perfect short yesterday but even confirmed today that it is following gravity. Short it.
Tokyo – Holly cow! The damn $NIKK gave up. It lost 308 points and crashed through its 50 MA. Not so fast. It still has a gap up to bridge so I would avoid it for now until it closes that gap.
Frankfurt gained 26 points and is a sure Short.
Paris lost 7 points and a definite short. It only closed a few hairs down from its 50 day MA.
London lost 11 points and normally this would not be anything to get excited about but it has been topping out like you have no idea. SHORT the $FTSE.
Toronto gained 35 points and is a perfect setup for shorting. I have too many shares on that index and so do the girls. This index is usually very well behaved but the problem is it rose so much so we will be seeing a lot of profit taking. I would take 50% off the table. My shares are frozen and in the girls’s names so I am not taking anything off the table but it is so going to make Shorters rich. RIPE.
Dow Jones Industrial Average gained 41 points and formed a perfect short. I have shares on this one too. I would take off half the money at this point. I would actually short it.
Standard and Poor gained 7 points and it is a short.
NASDAQ gained 22 points and shorting it at this level could make some people rich. No one will even miss the money for too many are busy playing Pokemon Go! Shaaaa
If you do not read The Insider, you miss a lot. Today we were updating on the Emirates Air Crash Landing and not writing much about all the fools who were busy killing their people.
Martha Leah Nangalama
I have a solid IT and business background.
DISCLOSURE: I own oil shares and my kids own shares in banks, insurance and oil via mutual funds