Thursday, November 11, 2021

 Thu. p.m. 11/11/21.  A wild day on the Ozzie market today.

XJO down -0.57%, but it was down more than twice that at one stage today.


XJO crashed through the 20-Day Moving Average and the 50-Day Moving Average today, but then it bounced.  It finished up above the 50-Day MA but below the 20-Day MA.

Such volatility could mean that end of this pull-back, but until we see definite signs of a reversal, it'a best to stay cautious.

11 Nov. is Veterans Day in America, but the stock market continues to trade.  The bond market is closed and that may affect trading in stocks.


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