Hi 582,
The US had a good one indeed! and many stocks (especially financials are defing Gravity)....
My Market Breadth analysis suggests that the market is super bullish and as a contrarian I will soon bet on the short side.
Last night's action saw a 94% up day (that is, the up volume was 94% in comparison to a down volume of 6%). This looks to like a capitulation buying panic at the end of a rally which is similar to a selling panic at the bottom where the down volume exceeds 90%. So, are we likely to see another 90% up day which will culminate the buying? or are we likely to turn down on Tuesday?
bhp opinion, page-33
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Last
$40.67 |
Change
-0.270(0.66%) |
Mkt cap ! $206.2B | |||
| Open | High | Low | Value | Volume |
| $40.68 | $40.79 | $40.53 | $235.7M | 5.786M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250 | $40.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.68 | 8347 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |