Weathermans Monday

Good Morning and Welcome to the XJO Monday Thread


The XJO began pushing higher in the second half of last week, and showed no sign of anticipating the pull back that occurred overseas on Friday night.   It really sent some jitters through the markets generally, as some markets who usually trade inverse to the US equities, also came off.  
There has been a fair bit of media over the weekend concerning the ASX (and Chi X) open on Monday (building as bad a 'gut feel' as possible for the retailers), so expect a really decent push lower early in the session.   For me it is not really the open that is of concern, it is the days close, and where the subsequent few days close that is really of interest, and will really tell the story.......






Good Trading and Investing