SPI200 Commentary
Follow or Fade!
SPI managed to rebound during the day and held up well in the night session considering the fall in the SNP. It been a long time coming but it seems that the SNP may have finally made a high. We still need to see how the buy the dip crowd reacts to this large fall but at a bare minimum we should see this high volatility continue. Bond yields keep pushing higher so the low rate environment we've enjoyed for what it seems like forever is coming to an end. In the face of this the SPI held up reasonably well, so look for a quick dip in the morning to play catch up then some bounce to frustrate the bears. Its going to be volatile so need to watch the risk management. For todays trading I am looking to buy dips around 5960 and sell rallies around 6010
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Last
8,704.6 |
Change
6.900(0.08%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,697.7 | 8,704.6 | 8,643.5 |
| XJO (ASX) Chart |