1. DJIA is at the brink of all time highs. Possible pull back from resistance since volumes have been low recently.
2. Housing in US apparently in dire staits. Depends who you read! Will affect confidence even if the reports aren't true.
3. XAO/XJO have been extremely sluggish lately. To have a 70+ point rise totally out of the blue doesn't fit. It's like when the lawnmower is about to run out of petrol, it gets a little slower then has a sudden surge as the last bit of petrol goes through the engine, then it dies.
why todays rise doesnt impress me
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Last
7,761.0 |
Change
59.300(0.77%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,701.7 | 7,779.0 | 7,701.7 |
| XJO (ASX) Chart |