Great start to the weekend with strong price action on Wall Street overnight. Interestingly the Nasdaq made a new record high, that's also positive. Oil prices rose strongly and so did financials. Finally back to the goldilocks data with strong jobs growth and low wage growth. The tariffs seem to have blown over somewhat and there aren't too many other obsticals to contend with now.
Yesterday was the 9th anniversary of the 2009 GFC low, could it be the last time we trade under 6000? Wishful thinking but looks like we made a higher low on Wednesday and the ducks are starting to align again!
XJO Weekend Charting and Chat - 9th March 2018, page-4
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Last
7,796.0 |
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| Open | High | Low |
| 7,769.4 | 7,796.9 | 7,753.9 |
| XJO (ASX) Chart |