25/7/22. ASX choppy and indecisive.
XJO finished flat today, down just -0.02%. The days action was choppy and very narrow - which usually leads to expansion.
Clearly, XJO is waiting on news from American earnings season and the Federal Reserve decision on Wednesday.
Tonight, Alphabet reports.
ASX New Highs and New Highs were 10/10 - exactly even.
Advance-Declines favoured Declines, Advances: 587, Declines 744.
Materials kept the ASX afloat (more or less) up +1.1%. Financials finished flat 0.0%.
Seven out of eleven sectors were down today.
The ASX is currently captive to the American earnings season and the Federal Reserve. The Fed is fairly transparent and its decisions built into market movements. The wild card is the earnings season.
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