XJO up strongly today, +1.1%.
The ASX is still bonkers. Daily move for the past two weeks have been very strong.
I shouldn't complain while the market is going up - but when it comes down - it comes with a big thud.
Daily RSI is higher than Weekly RSI so the market is in a counter-trend rally. So far so good.
Ten out of eleven sectors were up today - but the strongest were a pleasant surprise. Best was Discretionary +2.14%. Does that mean the interest rate hikes are coming to an end? Too soon to say, But Property was also up strongly +2.05%. There seems to be a pattern forming.
Let's see what tomorrow brings.
No comments:
Post a Comment