Tuesday, September 6, 2022

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

 6/9/22.  Oz market down modestly 
today after RBA rate decision.

XJO fell after the RBA announcement, but the fall wasn't particularly large.  

XJO had been up early in the day's session, but then fell.  So the fall after the RBA announcement wasn't particularly important.

Breadth was neutral, with Advances at 658 and Declines at 668.  There's nothing in that.

The surprise today was the Information Technology sector which was up +0.7%.  Usually, XIJ tends to react negatively to interest rate rises.  Maybe there's a message in that.


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