SPI200 Commentary
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SPI rally continues as it traded sideways during the day but went bid after cash close. SPI continued higher overnight, pulled back to retest and finished stronger. It's Friday after a wild week, so chances are that the SPI will consolidate gains around these recent highs today. ANZ & WBC go ex div today so that will cause XJO to drop a few points. Commodities were stronger again overnight along with Bond Yields so the inflation trade is still going, so I continue to be in buy dips mode on the SPI. For todays trading I will be looking to buy dips around 5310 and sell rallies around 5370
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Last
8,704.6 |
Change
6.900(0.08%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,697.7 | 8,704.6 | 8,643.5 |
| XJO (ASX) Chart |