XJO up moderately yesterday. Dow Jones - Whooshka.
XJO has bounced up off the 200-Day MA. 200DMA acts as a marker between bearish and bullish, so that's a promising development.
Modest positive divergences on RSI and CCI suggest further upside.
Other than that - the chart remains bearish, and the current move is a counter-trend rely.
My opinion might change on Monday as a result of amazing conditions in the U.S. last night.
U.S. Indices.Dow Jones +2.12%. SP500 +1.45%. Nasdaq +1.07%. Mid Caps +3.27%. Small Caps +4.06%. Banks +3.74%.
The Dow Jones has a huge daily candle on it. More importantly, we also have huge daily candles on the Mid Caps and Small Caps. The big worry recently in the U.S. market has been the lack of breadth. A few big names on the Nasdaq have been doing the heavy lifting for the market with a lack of breadth. That has now been done away with because of the surge in the Mid Caps and Small Caps.SP500.
This chart is bullish. A major horizontal resistance lies just above the Index. That's the high from mid-August 2022. That might cause the market some difficulty but with a broad based rally it should be able to push up past that after some stuttering.
Commodities.
Commodities were also bullish on Friday night in the U.S..
Commodities Index +1.29%. Energy +2.35%. Base metals +0.5%. Agriculture +0.58%. Gold fell -1.47%.
Ozzie stocks in NY enjoyed a good night. BHP +4.13%. Rio +3.49%. Woodside +2.6%.
- Forums
- ASX - By Stock
- Indices 29/5
XJO up moderately yesterday. Dow Jones - Whooshka.XJO has...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,212.2 |
Change
8.500(0.10%) |
Mkt cap ! n/a |
Open | High | Low |
8,203.7 | 8,225.5 | 8,203.7 |
Featured News
XJO (ASX) Chart |