XJO was flat today, -0.05% [IMG] Not much to say, except the...

XJO was flat today, -0.05%



Not much to say, except the obvious.  The trend remains down.  Stay with it.  We might look at an upside move once it gets oversold, but the XJO is not there yet.

Just for fun, let’s look at how the Best Ten and the Worst Ten stocks in the ASX100 (listed in yesterday’s Smorgasbord) fared today:

Best Ten: -0.08%.  That’s more or less in line with the fall in the XJO today.

Worst Ten: -0.48%.  That’s not catastrophic, but clearly worse than the Best Ten.

Avoid the Worst Ten:  AMP, TLS, LNK, BLD, PPT, IFL, TWE, JBH, SKI, NAB.