Two sectors drive the Australian market: miners and banks.
No show without punch, no rally here until BOTH act in unison.
Banks seriously oversold and continue their slide, while miners have barely started their retrace.
To me it looks like banks are simply marching time until the miners catch up, join them in being oversold, and then the chance of both rising together.
Two sectors drive the Australian market: miners and banks.No...
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Last
8,285.2 |
Change
61.200(0.74%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,224.0 | 8,285.2 | 8,224.0 |
| XJO (ASX) Chart |