boom, boom, boom, boom, boom, boom, boom, boom
XJO (ASX200) +1.7%
XTL (Twenty Leaders) +1.9%
XFL (Fifty Leaders) +1.9%
XFJ (Financials) +2.5%
XMJ (Materials) +2.5%
Energy +1.1%
XSO (Small Ordinaries) +1.5%
Comment: A bullish engulfing candle on solid volume (109% of the 10-Day Average). It looks like we have a Santa Rally.
Energy was up a little less than the others pulled down by Woodside which is still having a hangover from a poor report last week. Woodside was the only stock down in the Energy Sector. Defensives performed poorly as investors switched out of those sectors into more risk oriented stocks.
boom, boom, boom, boom, boom, boom, boom, boom
INDICATORS:
RSI.9: 36.9. Below 50 but rising from below 30.
MACD Histogram. Marginally below zero. Neutral. Positive divergence confirmed.
MACD . Below zero. But hooking up from a low level.
Stochastic: 9.55. Crossed above it signal line. Needs to cross above its signal line to confirm.
CCI.14: -103.6. Turning up. Indicator was below -200. A cross above -100 will confirm.
All indicators have turned up. Positive.
boom, boom, boom, boom, boom, boom, boom, boom
Here’s the chart for the Australian Financial Sector. It’s slightly more positive than the XJO. That’s a good sign.
six white boomers
snow white boomers
racing santa claus through the blazing sun
six white boomers
snow white boomers
on his australian run.
Thanks Rolf
Redbacka
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Change
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