XJO up a little today +0.18%. It was down in morning trade, but about Noon, the bulls re-entered the market and pushed the Index into positive ground.
The XJO continues to trend gently higher, but can’t get away from the very short-term moving average marked on the chart. So it remains vulnerable to a possible short-term downward move. Let’s worry about that when and if it happens.
The only sectors in negative territory today were Industrials -0.36% and Materials -0.19%. XNJ is in a Very Short Term Downtrend but look for an end to that in the next day or so.
Here’s the Trend Matrix. I’ve added another column “V.Short Term”. That is looking at the relevant Index/Sector in the space of a few days.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 0 Index V.Short Term Short Term Medium Term Intermediate Term Long Term 1 XJO Long Long Long Long Flat 2 XTL Short Long Flat Flat Short 3 XMD Long Long Long Long Long 4 XSO Long Long Long Long Long 5 Sector 6 XMJ Long Long Long Long Long 7 XEJ Long Long Long Long Long 8 XXJ Flat Long Long Long Short 9 XNJ Short Long Long Long Long 10 XDJ Long Long Long Flat Flat 11 XHJ Flat Long Long Flat Flat 12 XPJ Long Long Long Flat Short 13 XUJ Long Long Long Short Short 14 XSJ Short Long Long Long Long 15 XTJ Short Long Flat Short Short 16 XIJ Long Long Long Long Long 17 XGD Long Long Flat Flat Long
Black Cat Friday, page-2
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Last
7,976.3 |
Change
44.600(0.56%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,931.7 | 7,993.3 | 7,931.7 |
| XJO (ASX) Chart |