from 7 days ago - the upper level of the ASX has been broken with a strong upward movement today and it looks to me that there is a good probability for the that the upward momentum continue on.... . Particularly given that the overseas markets all are trending up and their upward leg within their trading bands is also moving upwards.... . most sectors are now very strong also
today -
in general most setors are in upward trend, with the exception of consumer staples (down), financials (slightly down) and indutrials (sideways)
a good number have now reached the top, or near the top of their trading bands, with the exception of health (middle)
and utilities (bottom) and gold (bottom)
the direction of each leg within the trading band is also generally up with the exception of gold (down), utilities (down).... I think financials trending slightly down also ...
international indicies are generaly moving up.......a sneak look at the DJI at midnight shows it moving up very strongly into the upper half of its trading band - so it looks like the strong momentum up will continue for a bit more....
