Thursday, April 7, 2022

Finspiration Australia. XJO down for second day.

 XJO down today -0.63%.

Today, XJO broke below both the Supertrend (1.5/7) and the Tenkan Sen.  Both of those are short-term sell signals.

Today three sectors were up.  Real Estate +0.12%, Utilities +0.12%, Consumer Staples +0.55%.  All of those are defensive sectors.

The sector most vulnerable to interest rate rises is the Information Technology Sector (XIJ), down today -3.42%.

I'm expecting more downside, but the 200-Day MA might provide support.


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