25/10/22. Evening report.
XJO was up strongly in early trade (up +0.8%) but suffered intra-day selling.
XJO finished up +0.28%.
It remains within its sideways consolidation so the next move is probably to the downside.
Despite the positive finish, breadth was slightly negative Advance/Declines = 649/749.
We are in reporting season. Two stocks got slammed today after reporting. ALD (Ampol) down -12.6%. Reliance Worldwide -13.4%.
Energy -1.6% and Materials -1.2% were the only sectors down today.
Tonight in Australia, the new Labor government issues its first budget.
In America, two big companies report, Google and Microsoft. Those reports are likely to be market moving.
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