Thu. p.m. 3/2/22. XJO falls modestly.
XJO printed an inside-day, narrow-range, indecisive candle today.It started off negatively after U.S. Futures fell on poor reporting results from Facebook. It recovered some of that intra-day, but generally, the market was going nowhere.
The big miners were the mainstay of our market today.. BHP up +3.1% and Rio up +2.4%.
Banks were a mixed bag with CBA down -1.4%, while WBC went the other way +2.3%. It's unusual to see the big banks so out of sync.
Information Technology was again the worst performing sector -5.9%. Health also did poorly -1.5%.
Tomorrow could be a crucial day for the XJO. After an indecisive day today, if we get a big down day tomorrow, then we could be looking at a lot more downside.
Currently, European markets are ambiguous, with the UK flat, but Germany is showing a loss of about -0.4%.
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