My prognostications for the Miners and Energy are going along nicely, but unless the Financials play ball the market ain't going up.
Financials make up 45.7% of the Australian market. Currently they're down. Retailers are well down. WOW getting slammed again -0.8%. The way Woolies is being treated, you'd be forgiven for thinking they're in the business of mining Iron Ore.
In fact, everything except Materials, Energy and good old reliable Telecoms are down.
Redbacka
Friday cranker, page-5
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7,943.2 |
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| XJO (ASX) Chart |