Finspiration Australia. XJO up strongly but suffers afternoon selling.

XJO finished up +0.7% today, but -0.8% off its high.

 XJO had a strong rise in the early part of the day but hit resistance of the 20-Day MA and Supertrend 7,1.5). That kept it below the recent consolidation zone - another set of resistances.

We have to see much more upside before we can consider bullish placements.

Growth Sector Information Technology (XIJ) benefitted today lower bond yields in overnight markets.  XIJ up +5.66%.

The Russian invasion of Ukraine remains an uncertain back-drop to Australian and international markets.

Currently, markets seem to be optimistic that the Ukraine situation won't derail economic and stock markets in the Western World.