Although the US500 index closed lower than the previous day of trading (Public holiday Wednesday).
There was a considerable bounce with above average volume coming in.
Looks like the ASX should see a bit of a reversal here too.
Not sure where the good trade will be though...
Maybe Tech as it's been beaten down so hard..?
Or possibly REIT's?
The AXPJ had a big green day yesterday even though the rest of the market was down.
Today's close should tell us if investors still have much of an appetite for risky stocks.
US500 - Daily Chart
AXIJ - Daily Chart
Tech making lower lows
AXPJ - Daily Chart
REIT's making higher highs.
Although the US500 index closed lower than the previous day of...
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8,170.4 |
Change
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| XAO (ASX) Chart |