today does look bullish although do consider this as my contrarian view. Tech held up everything (no surprise in US) where the largest 5 companies added circa 3% to their market caps and every other sector was flat or down. AMZN up an astounding 9%. Trillion dollar companies moving like small-mid caps. Banking, materials and healthcare index did not fair well (see below). ASX is heavily reliant on these as our tech index only makes up about 7%-9% of our index. Im expecting a pop on open, but it seems SPI traders have overshoot what the XJO might do today during normal trade.
DJUSHC: +0.018% (sold off heavy towards the end of trade)
DJUSBM: -1.13%
BKX: -0.92% (ASX banks heavily correlates to this index)
DYOR - not financial adviceyes eventually the truth must come out, this case is now certainly too big to ignore and you can smell conspiracy in the air
Tues 21 July, page-8
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Last
8,086.8 |
Change
-5.100(0.06%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,091.8 | 8,091.8 | 8,041.3 |
| XJO (ASX) Chart |