WEALTH SKILL’S CLUB TODAY’S DISCUSSION: MARKET OVERVIEW: GLOBAL, LOCAL AND SECTOR MARKET OVERVIEW: GLOBAL, LOCAL AND SECTOR PRICE RELATIVE SECTORS TO FOCUS ON PRICE RELATIVE SECTORS TO FOCUS ON VIEWS ON COMMODITIES: GOLD, OIL AND PLATINUM VIEWS ON COMMODITIES: GOLD, OIL AND PLATINUM TOP DOWN APPROACH TOP DOWN APPROACH © Wealth Skills | presents

S&P 500 MT © 2012 Wealth Skills | presents

S&P 500 ST © 2012 Wealth Skills | presents

S&P 500 ST © 2012 Wealth Skills | presents

DJ © Wealth Skills | presents

30yr Daily

All SHARE

Monthly charts

SHANGHAI LT 3-day chart

SHANGHAI

DAX

RESI Long term

RESI

FINDI

FINI

INDI © 2012 Wealth Skills | presents

Plat Price © 2012 Wealth Skills | presents

GOLD © 2012 Wealth Skills | presents

Gold Price © 2012 Wealth Skills | presents

GND © 2012 Wealth Skills | presents

OIL © 2012 Wealth Skills | presents

Daily PR: OIL – It moved below all EMAs. Breaking lower © Wealth Skills | presents

Daily PR: PHARM – Positive continuation pattern after testing 89ema. A sector favourite. © Wealth Skills | presents

Daily PR: GENI- F ollow the ABC wave retracement before a continuation. Below PR © 2012 Wealth Skills | presents

Daily PR: ALTx as major support; PR negative now. It's testing channel low. © Wealth Skills | presents

Daily PR: ELEE – Negative cycle, illiquid though! Double bottom break up © Wealth Skills | presents

Daily PR: INDE – Sideways action illiquid & PR strong. Watch 89ema! © Wealth Skills | presents

Daily PR: INDT – Passed target; PR Poor; watch 89ema support © 2012 Wealth Skills | presents

Daily PR: RESI –PR weak & wave 5 bearish cycle down. 89Ema test and drop S1 © Wealth Skills | presents

Daily PR: BASM – Wave 5 cycle down USD. Negative divergence & under performing © Wealth Skills | presents

Daily PR: IINDI – Holding with trend line as well. PR Strong © Wealth Skills | presents

Daily PR: FOOR - 3EMAx! 20Ema support – watch PR © 2012 Wealth Skills | presents

Daily PR: CONG – resistance © Wealth Skills | presents

Daily PR: CONS – rally continues with 20ema rough support; Watch PR © 2012 Wealth Skills | presents

Daily PR: TELE – recent 3EMA x up © 2012 Wealth Skills | presents

Daily PR: TECH – 5 wave cycle count; 89ema test support – Watch PR level now! © Wealth Skills | presents

Daily PR: MTEL – Do you want to be in this sector? Under performing © Wealth Skills | presents

Daily PR: GERE – PR positive! 20ema Support! Defensive sector; Great trend line support!! © Wealth Skills | presents

Daily PR: HEAL – 20ema held as support; PR moving up again, HIT 423% FIB target © 2011 Wealth Skills | presents

Daily PR: BANKS – Challenge achieved! Slight negative divergence now. Watch 89ema © Wealth Skills | presents

Daily PR: INDI - It's still holding support on trend line while growth phase sets up. PR strong! © Wealth Skills | presents

Daily PR: MINI – Major wave 5 cycle down; watch USD. PR weak! © 2011 Wealth Skills | presents

Daily PR: HOUS – Small positive divergence Retracement to 78% FIB; PR WEAK! © Wealth Skills | presents

Daily PR: FORE – Break lower; channel break. PR weak. © 2011 Wealth Skills | presents

Daily PR: AUTM – illiquid; It pulled back to bounce back to recent highs. Watch 50ema. © 2011 Wealth Skills | presents

Daily PR: FOOD – PR Positive; 3EMAx up & Break above recent high. © 2011 Wealth Skills | presents

Daily PR: GOLD – PR turning; Positive previous low bounce to 50ema. Watch USD. © Wealth Skills | presents

Daily PR: CHES – illiquid- PR Strong; HIT our 161% Rally target; support © Wealth Skills | presents

Daily PR: PLAT – USD stronger; Break previous low & under performing with 20ema resistance © 2012 Wealth Skills | presents

Daily PR: GENF – PR WATCH ; Morning star reversal went well! Watch 50ema © 2012 Wealth Skills | presents

Long Term OIL: PR weak now! watch USD! Minor positive divergence on BARS- Patience. 89EMA resistance! © 2011 Wealth Skills | presents

Long Term PR: PERG – long term performer; Testing low trend line channel; watch support © 2012 Wealth Skills | presents

Long Term PR: HEES- Continues higher with caution short term © 2011 Wealth Skills | presents

Long term PR: PHARM - Price Relative Strong weekly!! A favourite sector 20ema support! Continuing higher!

Long term PR: ALTX 15 pullback; PR Weak! 89Ema test!

Long Term PR: GENI/INDE some continuation with PR support

Long Term PR: INDT- Fantastic 200% FIB! CAUTION NOW! MACD negative divergence!

Long Term PR: SUPS- Long tails to support; Otherwise bearish

Long Term PR: RESI – Remains bearish/negative; 89ema resistance. PR weak!

Long Term PR: IIND 161% FIB…sideways 20ema; possible flag

Long Term PR: CONG/FOOR PR Strong; Momentum growing and break outs higher

Long Term PR: TELE – watch resistance for break up test

Long Term PR: CONS 20ema support PR Strong! Edging along…

Long Term PR:TECH Price Relative strong; Watch shooting star! Caution

Long Term PR: GERE 20ema – defensive; Above the channel PR strong; Continues to out perform!

Long Term PR: BANKS Watch 20ema PR strong; Losing momentum for retracement/sideways movement

Long Term PR: NLIFE; some loss of momentum, watch 50ema

Long Term PR: LIFE- Watch 20ema. PR good

Long Term PR: INDI 20ema support – strong trend & PR strong

Long Term PR: Mining – Poor PR; 89ema weekly broke; support; looks negative

Long Term PR: METL – poor PR; 89ema critical resistance now! Shooting stars

Long Term PR: AUTM PR under stress; illiquid. Bounce higher = Watch 20ema

Long Term PR: BEVR Testing 20ema support momentum PR Strong; Positive continuation momentum

Long Term PR: Food Remains defensive; positive continuation PR STRONG – use 20ema weekly as support

Long Term PR: ALTx Broke EMAs; Bearish trend now. PR weakness

Long Term PR: GOLD PR weak! 50Ema retest in relief rally.Remains volatile. Testing recent low with potential d- bottom. Caution!

Long Term PR: PLAT - Long term PR POOR; Remains negative…Trend line resistance; continuing lower

EXECUTIVE SUMMARY August: General volatility remains in the market with mixed messages and news RE: rescue plans being discussed versus drop out candidates from the EU...Quantitative easing... Spain!? Movements are short and sharp when they do go... Commodities appear to be continuing weaker movement Pharm, banks and GERE as well as FOOR tend to remain defensive despite market turmoil. Caution PR Poor: TRAV, FOOD, HOUS, GOLD, AUTM, METL, RESI, PLAT, MINI, FTEL, BASM, SUPS, Price Relative strong: FOOR, CONG, CONS, GERE, INDI Banks looking to reconcile / move sideways for short term presents

EXECUTIVE SUMMARY July 2012 Long term Performers: FOOR AUTM TECH GERE Pharm CONS presents

Watch List AUGUST GENI, LIFE, IIND and INDT all reaching targets Some caution in the short term. Watch JSE GOLD sector looking to relief rally with weaker RAND Generally, markets continue to be top heavy but economic growth phase is in progress. Defensive sectors described above continue to prove safe havens for reasonably low risk for returns Banks losing momentum GERE and PHARM rally once again after small retracements presents