re: they're switching Hi JC,
XAO and XJO fail to reach yesterday high and with strong $A they're just taking some profit from resources and obviously buying into banks with strong housing finance figure which they had interpret as strong banking business still. I guess the bulls are invincible and very comfortable to switch.
Keep an eye on the Dow at 11250 for a strong rally and that will be dictated by the job figure tonight. So yes tonight could be a big for the Dow.
If we're open strong on Monday and not making new high, I'll be looking for a short play again. With 2 short weeks coming up, they will want to lock in some profits while they're driving off for a long weekend.
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |