XJO up today +1.14%. The morning session was volatile with the market rising stronger then falling back almost to par at 11.40 a.m. From then on it was all upside.
XJO continues its strong counter-trend rally. Now facing crucial resistance with 50-Day and 200-Day Moving Averages just overhead.
If we keep getting good corporate reports, XJO could continue to the upside.
Today, Commonwealth Bank lead the band with a +5.58% move after announcing good results.
Tomorrow we get ASX, Mirvac, Cimic, Downer EDI, AMP and AGL. None of those have the same weight as CBA, but all are in the ASX100.
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