Hi SSkim,
Yes today's rise was very convincing on the XSO. I was impressed - until I did a little more digging.
But consider the following:
Increase in Index value by XAO over the previous day: 1.2%
Increase in Index value by XSO over the previous day: 2.1%
Increase in Volume on XAO over the previous day: 32%
Increase in Volume on XSO over the previous day: 28%
Honestly - I don't know what to read into it.
But - just maybe, just maybe, punting is the more dominant factor in our market at the moment than rational assessment.
I do get nervous when all the balls don't line up.
If risk taking is dominant - shouldn't volume increase be dominant?
Just asking the question.
Cheers
Redb
- Forums
- ASX - By Stock
- XJO
- es m0nday
es m0nday, page-83
Featured News
DVP
Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place
NEWS
Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7,699.8 |
Change
19.200(0.25%) |
Mkt cap ! n/a |
Open | High | Low |
7,680.6 | 7,738.2 | 7,643.3 |
Featured News
XJO (ASX) Chart |