I'm calling tops on the XJO for now. This has been an unhealthy rally that has been too secluded to a small number of stocks rather than a healthy broad based rally. Distribution can be seen on the big 4 banks over the last 2 trading days and the big miners are at support with downward pressure.
Funds have been / will be distributing to retail holders the stocks that have rallied over the last 4 weeks with little reason other than following global markets.
IMO DYOR
I'm calling tops on the XJO for now. This has been an unhealthy...
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Last
8,150.0 |
Change
-55.200(0.67%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,205.2 | 8,205.2 | 8,107.6 |
| XJO (ASX) Chart |