SPI200 Commentary
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SPI continued to be weak yesterday but it looks like it may have found some support at the 5415 level. It will be a mixed bag today as financials could still keep selling off but there may be some support from the miners, in particular RIO who was cautious but increased their divvy. On the top side there was a gap down yesterday which will be the first target and on the downside there should be continued support should the SPI fall back to 5415. We have the BOE tonight cutting rates and then the non farms lottery tomorrow night so I think the SPI will consolidate at these lower levels today. It is nice to see some intraday volatility back. For todays trading I will be looking to sell rallies around 5470 and buy dips around 5425
Assistance Dog Thursday, page-3
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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 |