SPI200 Commentary
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SPI had some more wild swings Wednesday as the high volatility continues. We are also in the middle of earnings season and with the way some stocks are being hit after missing by a fraction it seems the selling isnt over yet. Europe was strong overnight while US had a late selloff to go red for the day. The last few times we've had this kind of volatility it lasted for a few weeks before the market decided to start climbing again. While this time may feel different as we are now in a rising rate environment, you still need to play the much larger ranges on offer. Overall Im still bearish the XJO so favouring looking for rallies to short. For todays trading I am looking to buy dips around 5750 and sell rallies around 5840
Laugh and get Rich Thursday, page-11
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Last
7,807.4 |
Change
-22.300(0.28%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,829.7 | 7,829.7 | 7,782.0 |
| XJO (ASX) Chart |