XJO was up modestly today +0.23%.
That bit of a bump did nothing for trends. Short and intermediate trends remain sideways. The primary trend is up. Wait.
The big news today was focussed on CBA – the largest stock in the XJO:
CBA announced a fall in earnings, but that has been well anticipated by the market, so the stock rebounded +2.63%.
It still needs to get above the 200-Day EMA to prove its bullish credentials. Today’s action suggests that a break above the 200-Day EMA is a real probability. Let’s wait and see if it happens.
The other big news in today’s companies reporting was Tabcorp Holdings:
TAH surged +7.56% and broke above short-term resistance. More upside seems likely.
AMP also reported. It rose +3.88%. But it is so far below its 200-DEMA – I’d give it a miss. Leave it to the day-traders.
XJO was up modestly today +0.23%. [IMG] That bit of a bump did...
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Last
8,092.3 |
Change
139.100(1.75%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,953.2 | 8,092.3 | 7,952.8 |
| XJO (ASX) Chart |