ASX started brightly this morning, but that soon faded and the XJO finished down -0.54%.
The Index is now down four days in a row and RSI at 36 is oversold. Of course, it can get more oversold before turning around but it is now in a zone where a return to the upside is becoming more likely.
Only one sector is up today, XIJ (Info.Tech.) up just +0.21%, while the worst performing sector was Staples -1%. That's an odd pairing, as Info.Tech tends to be a growth sector and Staples is Defensive. On a down day, we expect to see results the other way around.
European market is open and stocks are up. Germany +0.26%. London +0.18%. France +0.39%. It's good to see Europe not following Oz to the down-side. That could be a good omen for the ASX tomorrow.
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