XJO 0.74% 8,285.2 s&p/asx 200

xjo weekend zoomba lounge, page-39

  1. 7,728 Posts.
    Yes, Redbacka, it was looking very positive for a while pre-open and an hour into it:

    -The Australian dollar was holding up well despite Europe
    having another bad night
    -Metals were not only green, but rising, with copper up 1%
    -Euro/USD was rising
    -US dollar index was falling.

    On the positive side:

    The US 10-year-bond yield fell no further confirming Thursday's candle as a possible reversal. That means the appetite for Bond safety is waning and equity risk may takeover. Or--money is flowing into gold instead??

    Our futures held up
    Our dollar holding up
    US dollar fell
    Europe turned up from the lows

    On the negative side...

    Dow Transports have fallen lower than last week's low, and could drag the other indexes lower

    Stochastics have turned down from last week's rally but have not bottomed--though they can resume up from here

    Good luck.
 
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