ASX 200 down 5 – struggling for momentum despite a better vibe for Australian bonds after yesterday’s CPI number
OECD saying Australian rates have peaked.
Oil up overnight but OPEC meeting could go either way.
Resources need a catalyst to bounce. Chinese PMI data out today could start it.
US Inflation tomorrow.
TECHNICAL SUMMARY
S&P 500 overbought on a daily basis.
COH overbought as healthcare kicks back into life.
KAR oversold on a daily basis.
SQ2 overbought after a stunning run.
ASX 200 finished up 52 points at 7087 (+0.5%) after a late afternoon surge.ASX 200…
SMALL CAP PORTFOLIO SUMMARY The winning trades of the year. Surprise! Whats the use of…
Dow Jones overbought on a daily basis.
GMG hits a 52-week high and is overbought on a daily basis.
ELD with a daily sell signal.
The ASX200 rose 20 points to 7035 this afternoon as an inflation optimism rally faded.…