The Australian market opened strongly today, but selling soon took over. The XJO finished flat +0.00%. STW, the tracking ETF for the XJO, finished flat +0.02%.
Here's the chart for STW:
The Australian market just keeps rolling along in its sideways trend. One day it will end. (Yeah, I still believe in Santa, too.)
OK - let's keep rolling.
CBA up today +0.38%. That's not enough to think the down trend is at an end. But the odds still favour an upside counter-trend movement in the near future.
Tomorrow? TRIN data continues to be positive. So the chances of a big downside move are unlikely. Upside? Maybe. Let's see how tonight goes.
The Australian market opened strongly today, but selling soon...
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Last
7,822.3 |
Change
-9.500(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,831.8 | 7,831.8 | 7,807.7 |
| XJO (ASX) Chart |