20/9/22. ASX up strongly today.
XJO up today +1.29%. That comes off horizontal resistance, so we could have a few more days on the upside.
There's a little bit of optimism in the air ahead of the Federal Reserve announcement. The Fed has a two-day meeting starting tonight (Oz time), so we have to wait another day for their decision.
Nine sectors were up today, and 71% of stocks in the XJO finished in positive territory. That's a good result for the day.
The best sector today was Materials (XMJ) up +2.7%. Next best was Energy (XEJ) +2%. So resources were the backbone of the market today.
Financials (XJJ) lined up with the market +1.3%.
We probably won't see a lot of movement now until the Fed announces its interest rate decision.
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