XJO
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0.76% 7,921.3 s&p/asx 200

which way monday

  1. Newry2
    2,916 Posts.
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    08/11/09
    13:58
    Post #: 5886349
    G'day,

    I have found that Saturday morning futures generally carry a risk discount for the weekend. IG 200 cash closed at 4593 or pretty much unchanged.

    However I feel our market was factoring in the risk of unemployment data on Friday, that whilst bad sent US markets up.

    There was some resources weakness Friday night but other sectors should cancel this out.

    Personally I see maybe a 20 point rise on Monday due to our oersold relative technicals.


    Thoughts?
    XJO Value at posting: 148.00
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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