ASX Weekly Chart Analysis .. .. The Parent Index (XJO), is being...

ASX Weekly Chart Analysis
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The Parent Index (XJO), is being held back by current weakness in the Financials sector (mostly), although there is a small sign that underlying strength may be developing.
The strength seen in the Midcap sector may be a better guide as to the underlying strength and sentiment in the broader market currently.
The Miners and the Gold sectors are also showing good strength - possibly confirming the previous weeks breakout.
The Energy sector continues to respond positively to the strong buying seen at the recent lows, and may have gotten a little ahead of itself this week.
Finally the healthcare sector is seeing some unexpected and ongoing potential weakness, which I am a bit suspicious of....
We'll just have to see how that develops.
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cheers
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