SPI200 Commentary
Follow or Fade!
SPI continues to head higher as earnings season has brought out the buyers. SPI gapped lower on the open and this was bought up and closed near the highs of the day. Overnight session saw new highs printed and a close hear the highs. In this move higher there has been a tendency for Mondays to dip, so keep an eye out for some weakness early on. Overall this dip has presented a good opportunity to get long so those riding this trend higher may wait to buy. With the XJO at 10 year highs the trend higher has to be respected, so till there are some reversal signals just look to buy dips. For todays trading I am looking to buy dips around 6290 and sell rallies around 6330
ASX Morning call 20th August, page-2
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,777.7 |
Change
95.700(1.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,682.0 | 7,795.1 | 7,682.0 |
| XJO (ASX) Chart |