I agree with the direction of the trend but 4000 is abit too much pessimistic for me. Things are abit slow but they're not that bad to warrant another 500pt selloff for XJO.
Australia should look more at the top 1st and 2nd trading partner China and Japan rather than the third trading partner USA who is broke. Japan rebuilding process will demand more exports from AU soon.
I don't have billions of dollars so I can't change the trend. But I do expect market to drag it's feet through June July until the Fed meeting on Aug 9 (only saying this because XJO shamefully follows S&P500).
I agree with the direction of the trend but 4000 is abit too...
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Last
$43.56 |
Change
0.390(0.90%) |
Mkt cap ! $220.9B | |||
| Open | High | Low | Value | Volume |
| $43.64 | $43.73 | $43.26 | $211.2M | 4.849M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11133 | $43.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.57 | 5435 | 3 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |