SPI200 Commentary
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SPI was weak Friday but throw that all out of the window as SPI will gap higher today on the back of the Libs winning. Any stocks with fully franked dividends will be the immediate beneficiaries so looks like Banks will do the heavy lifting today. So SPI will gap higher at the open, slow down around 11 then will rally into the afternoon. So its all about buying today and where you enter will be up to your risk appetite. Yes there will be some dips to try and shake out the weak longs but expect todays rally to be strong
Range for day: 6420 to 6480
Direction : Uptrend, Breakout
Setups : Buy at open or Buy dips around 6420
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 (20min delay)
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |