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clock Created with Sketch. 16/02/22
03:31
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Originally posted by dc1234:
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An uncertain day usually leads to giving way a bit - and that's how I would sum up AZL today.ASX Li stocks did not have a good day, though it was not very bad. Average decline of stocks I track was around 4%. Couple of shares had a good mini run in the last week or so - AGY and AVZ. Comparatively they lost more - around 7 and 10% respectively. We also lost around 7%.What next - Again we wait for DOW. I am not getting a clear direction as yet. Also not sure if we will in short period. The Ukraine situation is still fluid, the US Inflation/Interest Rate is still hanging its sword. But we have now had 3 red DOW days. Probability is in our favour. Lets hope the law of averages mean a green DOW and a green ASX tomorrow - We need a mini run to go higher to face other threats. If we get a good green, I will not be surprised if we are back to trading in our base and favourite zone of 15-16c. Lets hope so and all the best.
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Even Americans don't pay attention to the Dow. That's so 20th-Century. If you think ASX mining stocks follow the US markets, at least use the NASDAQ 100 or S&P 500 as a reference.
