Tuesday, June 7, 2022

Finspiration Australia. Chart Analysis of the Australian and International Stock Markets.

7/6/22.  XJO down heavily today after Ozzie Reserve Bank hiked rates by more than expected, up 0.5%.



XJO down -1.53%.  All sectors were down.  The worst affected were the interest rate sensitive sectors Information Technology and Real Estate, both down -3%.

Advances-Declines Line remains bearish.


This remains bearish.  Stay defensive until we see definite improve in this instrument.
 

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