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SHARE TRADING SOFTWARE AND EDUCATION

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Technical Analysis Software

Accurate JSE data including indices, equities, futures and agricultural futures, warrants, international market indices, unit trusts, currencies, commodities and cryptocurrencies. Multiple technical indicators, fundamentals, market scans, portfolio manager and more.

Investment Education

Comprising 32 comprehensive lecture modules, our online investment course takes you through the basics of stock market investment and on to the advanced technical indicators in your software which generate buy and sell signals.

Investment Club Software

Manages your investment club from one centralised online location where a daily unit price based on the value of your portfolio is calculated. Allows for the recording and management of your club portfolio as well as a watchlist of shares and discussion forum.

About Progress Data Services

PDSNET (Progress Data Services) specialises in the development and sale of local as well as internationally acclaimed share trading investment software and education.

Over the last 35 years, we have become the largest local provider of stock market data, providing data of all equities quoted on the JSE (Johannesburg Stock Exchange), Futures, Unit Trusts, Currencies and Commodities as well as many of the major International Indices.

Our mission is to provide accurate and reliable JSE data to all our customers. As well as this, we aim to sell only the best technical analysis products on the market, and pride ourselves in supplying value for money.

FOUR IMPORTANT CRITERIA WHEN CHOOSING TECHNICAL ANALYSIS SOFTWARE

A competent investor will tell you there are four basic criteria when choosing technical analysis software. We are proud to say that our software easily satisfies these, is sold ethically and is good value for money.

AROUND FOR YEARS

A long track record ensures reliability in terms of both data supply and support.

The ShareFriend software was the first of it's kind in South Africa. Since it's launch in the 90's it has been developed and maintained by expert software developers who are in touch with the latest in market needs and technical analysis charting features.

LARGE USER BASE

A large user base ensures there is available support and constant development.

As well as this, our software is regularly updated with new features and abilities, helping you to recognise opportunities in the market and invest your money soundly.

FLEXIBILITY

Flexibility allows you to enter your own analysis parameters giving you the options you need to do thorough analysis.

The ShareFriend software has many different indicators and mechanisms that you can use to narrow down which sectors are performing well, and which shares are worth buying.

SCANNING ABILITY

A good scanning feature enables you to recognise opportunities in the market and act swiftly.

The ShareFriend software offers multiple scanning abilities which allow you to analyse different sectors of the market thoroughly and identify opportunities which are worth investigating further.

"Whenever I have a problem I can phone PDSnet for help. They go out of their way to assist me, be it on Teamviewer or sending someone to my office. I firmly believe that one of the reasons for their success is that they provide full support and a download service in MetaStock format plus providing the client with knowledgeable trained technical support staff. Their software program, ShareFriend Pro, is also commendable and must rank as one of the most user-friendly and easiest to use charting software available on the local market."

Christo AuretHead Finance WITS University

"Throughout my years as a financial journalist, writing on stock market investment for The Citizen, The Star, The Business Day and The Financial Mail, I have mostly relied upon ShareFriend Executive and ShareFriend Pro to identify the shares most likely to gain, or those in danger of losing ground. I am able to pick which sectors should be highlighted, those that should be left alone; when gold or oil are likely to change direction. The data necessary to compile my charts is provided by PDS Data Centre. Having now retired from journalism but still running several portfolios of shares, a daily download is all I need, but could choose more frequent downloads if I wished. With the holdings in my various portfolios automatically updated, taking split-second action at exactly the right time is child’s play."

Jean Temkin's books

Jean TemkinFinancial Journalist and Author

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Correction

22 April 2024 By PDSNET

The progress of the S&P500 index of the 500 largest companies on Wall Street is important because stock markets around the world, including the JSE, tend to follow it sooner or later.

On 19^th January this year, something momentous happened when the S&P broke above its previous all-time record high – made almost exactly two years ago at 4796.54. This upside break confirmed that, after the COVID-19 aberration and then the unusually large 25% correction in 2022, the great bull trend which had begun in 2009 was finally continuing.

The upside break gave the bullish optimists on Wall Street a licence to go a little crazy and they drove the index up almost 10% on a tidal wave of optimism to a new record high of 5254 on 28^th March 2024. The optimism was built at least in part on overwhelming excitement about the effect of artificial intelligence (AI) in such companies as Nvidia. It was also fuelled by the extraordinary growth in the US economy even in the face of record high interest rates. Consider the chart:

**S&P500 Index: 12th of December 2023 - 19th of April 2024. Chart by ShareFriend Pro.**

You can see here that, after some backing and filling, the S&P500 index broke above the previous record high of 4796 set on 3^rd January 2022. What followed was an extraordinary display of bullishness and a very strong upward trend. This upward trend began to run into difficulties in mid-March 2024 and finally ran out of steam at its closing peak of 5254 at the end of that month.

We had by then for some time been warning of an impending correction – which we said would probably take the index back to its previous record high of 4796. It is quite common for a previous resistance level, once it is penetrated, to become the support level in an upward trend.

The market action still indicates a significant amount of investor bullishness. There are still plenty of frustrated bulls looking to “buy the bottom” – but right now this overdue correction is just too strong for them.

So far, the index has fallen about 5,5% - but we expect that it will probably fall further to somewhere close to resistance at that previous record high of 4796. Within the correction you should expect some small rallies – nothing in the markets moves in a straight line! On that point, it is rare for the S&P500 to fall on six consecutive days as it has just done, so we expect it to go up on Monday the 22nd of April 2024.

From a fundamental perspective, the US monetary policy committee (MPC) having held rates unchanged at its latest meeting is talking about rates having to remain high for longer. The first rate cuts are now only expected at the September meeting.

The fact that the US economy created 303 000 new jobs in March 2024 shows that it is still far from cooling down despite the fact that rates have been at record levels for a while.

The correction on Wall Street is being followed around the world on other markets. London (FTSE250) is down 2,7%, the German Dax is down 4% and the Nikkei in Japan is down 9,3%. The JSE, although generally more volatile, is about 5% off its recent highs.

In our opinion, this is not the start of a bear trend. It is simply a normal, healthy correction within the long-term bull trend. It will almost certainly end fairly soon and then the S&P500 will go on to break up a new record high.

DISCLAIMER

All information and data contained within the PDSnet Articles is for informational purposes only. PDSnet makes no representations as to the accuracy, completeness, suitability, or validity, of any information, and shall not be liable for any errors, omissions, or any losses, injuries, or damages arising from its display or use. Information in the PDSnet Articles are based on the author’s opinion and experience and should not be considered professional financial investment advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Thoughts and opinions will also change from time to time as more information is accumulated. PDSnet reserves the right to delete any comment or opinion for any reason.

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