Both the SPI and US market futures (I haven't looked at europe yet) had a good "hour of power" because of the EOFY. It can be very hard to pick and I don't bother. The way to play it is in the same fashion as option expiry. Watch for the start of a move and jump on the train. Be ready to get off while the train is slowing down. Waiting for it to stop is too late.
The reason the hour of power happens is bigger players trying to "get their books looking good". Since no one can know what everyone holds or is hedged against the only thing you can be reasonably sure of is good volume and probably good swings.
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Last
8,773.5 |
Change
28.300(0.32%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,745.2 | 8,821.0 | 8,745.2 |
| XJO (ASX) Chart |