The Day that Stops the Nation - Tuesday, page-3

Another Day. Melbourne Cup tomorrow. A special Day. (Hey? RBA?) Evening Liqueurs, Monday, 2 November, 2015.

If there was ever a great equaliser in the sport of racing – outside of weights and barriers – it would have to be the weather.

It has the ability to change the complexion of a race completely. A bit of rain brings the horses with heavier weights back to the field, and the wet-track specialists suddenly have to be considered.

This year the Bureau of Meteorology have predicted a 60 per cent chance of showers for Monday, however no showers are forecast for the Tuesday.

There may be enough rain to change the track rating from a Good track to a Soft track, with a Heavy track out of consideration as there won’t be enough rain based on the predicted forecast.

http://www.theroar.com.au/2015/11/02/melbourne-cup-2015-weather-report-track-conditions-wet-dry-cup/





XJO down heavily -1.4%. Volume was light on as it usually is on a Monday.

Here's the chart:




So, we're down for the sixth day in a row.

Big down day, we're close to support, Expect some sort of a reprieve tomorrow. (I mean, really - who's going to be looking at the stock market tomorrow.)

Then more downside?

If you're looking for solid stocks to back, have a look at Utilities, Health and Industrials. Below is the Relative Strength charts for the various sectors and industry groups:




Avoid Energy - unless your'e a real smartie.

Meanwhile, our dearly beloved (very rich) PM has more important considerations to ponder:



RB.