SPI200 Commentary
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SPI continues to grind higher as it tested recent highs during the day but has broken out during Sycom and closed strong. Markets around the world seem to have climbed the wall of worry and a lot of the warning signs in terms of rates and inflation have gone back to yellow or lower. Its also US earnings season at the end of the week and while there is still a lot of issues in the US, the corporates should be making money in these conditions. So with that we have to respect that momentum is higher and best not to fight the trend. For todays trading I am looking to buy dips around 6250 and sell rallies around 6290
Tuesday 10-July-2018 - Football's coming home, page-2
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |