CU6 - ASX Charts, page-2482

"from an analytic perspective economic uncertainty will most probably continue to underscore near term technical indication of direction"

It's a very strange set of economic circumstances we have as guide rails for the market's:-
- both the Australian and US stock markets close to their all time highs, having rebounded from strongly in the past month or so;
- both the Australian and usa GDP growth in the March 25 quarter slowed, aust +0.2%, and usa growth -0.2%
- uncertainty of tariffs on, off, pause.


"FA contributors seem to agree that it is hard to find significant science based downside on presented facts to date"

IMO the only doubt on FA is not the valuation, which is multiples greater than what the current market assumes. The points of contention are the timing of:
1. Any CR, if such is needed;
2. First commercialisation, and whether there might be some precursor financial deal.

The first day of trading after the Index rebalance announcement appears to have resulted in a slight decrease in Net Shorts, with my interpretation being first half of session Short covering, last half session likely a slight increase in Shorts. But if we assume that there was anticipated several million (perhaps 5 - 6 million?) Shorts to be covered last Friday that didn't eventuate then it's possible that there could be more Shorts covered if the overall markets remain strong (the USA markets edged higher overnight)