SPI200 Commentary
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SPI had a range bound day Friday as it consolidates gains above the 6000 level. Day session saw SPI trade in a 15 point range but Sycom saw SPI test the 6000 level then rally back and finish near the highs around 6035. It seems that XJO is having its time in the sun at the moment as it seems to be the strongest index in the world at the moment. Europe looks weak, while US is going sideways but the dip buyers are definitely present in the SPI. We have 2 banks going ex div today so that will take some points off the XJO, NAB has failed to rally after going ex last week so chances are ANZ and WBC do the same over the next few days. So with not much lead from overseas markets Friday we should see SPI maintain the previous days ranges. For todays trading I am looking to buy dips around 6000 and sell rallies around 6040
World Kindness Monday, page-2
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Last
7,888.1 |
Change
71.300(0.91%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |