Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

 1/9/22.  XJO down heavily today.

Today's movement takes the XJO down to its 50-Dy MA and the top of the Kumo Cloud.

Expect consolidation at this level.

BHP went ex-dividend today - that was a big drag on the market as BHP is the largest stock on the Oz market - but that doesn't explain today's drop although it did contribute.

Today, ten out of eleven sectors were down.  The only positive sector was Consumer Staples, up +1%.  A major contributo to that was EDV, up