ASX 1.05% $64.75 asx limited

profit taking tomorrow

  1. 298 Posts.
    seems like a lot of traders will take profits tomorrow

    so we might have a bit of a pull back


    it is early days yet, but the DOW is only up 20 pts as I speak

    we may even have a red day tomorrow

    Just noticed that not to many investors are getting into the retailers or the transport stocks in a big way

    this could indicate that there is not enough demand in the economy to drive it forward

    financials are fairing a lot better but they could be underpriced

    However I wonder what will happen when that start raising capital which seems to be on the cards at the moment

    resource stocks seem a little tame at the moment as there haven't been any substantial price increases.

    A lot of the other indices are up a bit but not as much as we are

    the Shanghai composite is down again which is a bit of a worrying sign.
    the chinese stockmarket is off about 40% this year.
 
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