Good Morning and Welcome to the XJO Thursday Thread.The Tale of...

Good Morning and Welcome to the XJO Thursday Thread.

The Tale of Four Charts

First up, the News for Today (AEST)

Now for a comparison of four charts, in particular noting the date 20th May 2013, which is when the recent weakness really began to effect the charts.
The scale of the falls is shown on each chart, and therefore the relative strength or weakness to each other in comparison.

Not much more commentary is necessary, the as I believe the charts speak for themselves.

First up the Parent Index, the XJO

Secondly, the Financial Sector, the XFJ

Next, the Energy Sector, the XEJ

and Finally, the Materials Sector, the XMJ

Hmmm


I also note the recent theme coming broadly across the markets is cost cutting & budget cuts.

Good Trading and Investing

cheers