XJO 0.81% 7,971.6 s&p/asx 200

head winds - thursday, page-29

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    Above is a Candle Stick Chart for the XJO.

    50 Leaders -0.1%
    XJO -0.1%
    Materials +0.5%
    Financials x-Property +0.3%
    Small Ordinaries -0.0%
    Health -2.1%

    Comment: Today was index options expiry day. Consequently, volume was high. Range today was narrow. Nothing remarkable. (Although AMP, which reported, did have a nice surge. It’s been the worst performing stock in the Financials in recent months. So its bear market could be over.)

    Technical Comment on the XJO (closed at 5152.4):
    Horizontal Support: 5117.18
    40-Day Moving Average: 4970.2.

    Indicators

    RSI9: 68.3. Down marginally from the overbought level.
    MACD Histogram. Marginally above zero. Neutral.
    MACD: Above zero. Positive.
    Stochastic: 93.8. Overbought.
    CCI.14: +126.5. overbought.

    Today, except for some special interest stocks, saw nothing significant change from yesterday. That’s fairly normal on an options expiry day. Let’s see how tomorrow goes.



    Redbacka
 
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