TECHNICAL SUMMARY A few sell signals after yesterday but nothing major. 76 Stocks still overbought in the All Ords. MQG overbought on a daily basis, middle of long term trading range. Healthcare Sector remains heavily overbought. ALD hits a 52-week high. KMD hits a 52-week low. OBSERVATIONS A few sell signals after yesterday but nothing…
The Wall Street sell down didn’t follow through – back to normal.
Our market quiet as you’d expect – no follow through on yesterday’s selling
ASX 200 finished flat at 7502, down 3 points. Xmas apathy took over despite a rally on Wall Street. Inflation numbers tonight, but not expecting much. Banks were flat, with the Big Bank Basket down to $189.53 (-0.1%). The $190 level has been resistance in the past. Financials also slipped. MQG down 0.5%, with insurers…
The ASX 200 fell today 34 points to 7504 (-0.5%). A better performance than SPI suggested as US futures rallied a little. Volume and news were a little light on as we approach the Xmas break. Banks eased back slig
The market holds the line despite Wall St selling off – end of the rally, or a one day abberation?
101 stocks in the All Ords overbought today on a daily basis. Expect quite a few sell signals tomorrow.
Technology Sector with a daily sell signal.
PME with a daily sell signal.
REA hits a 52-week high. Up 62% this year.
ASX overbought on a daily basis.
