Late fall on the ASX dropped the XJO well into negative territory. XJO down -0.46%.
Chart for STW (tracking ETF for XJO):
The market slipped further into oversold territory today with RSI for the STW down to 35.7 today. It can go a lot lower befor making a rebound.
Next support lies at 64.00 for the STW which is also a low volume node so a rebound at that level could likely occur.
Only two sectors up today, Discretionary +0.83% and Energy +0.65%. Materials did relatively well, down only -0.08%.
Worst were Staples -1.34% and Info Tech -1.32%.
Overseas is currently looking a little brighter. Euro STOXX600 is currently up +0.65% and Dow Futures up 0.22%. Nasdaq Futures +0.61%. So we could have a good day tomorrow.
No comments:
Post a Comment