Wednesday, September 27, 2023

Yesterday in Australia, XJO finished down marginally after testing support and rebounding.  XJO -0.11%.

Last night in America, indices pulled the same Oz trick.  Down heavily just before 2.00 p.m. American time, indices finished down a little, or up a little.

Dow Jones -0.2%.  SP500 +0.02%.  Nasdaq +0.22%.

SP500


 
Coming at the low end of a down trend and a Hang-man candle, I think that will be the  end of this trend.  Look for follow-through buying.

Last night's action, plus the intra-day rebound in Australia, makes for a positive day to day in Oz, although our market will probably start on the downside.


No comments:

Post a Comment

Finspiration Australia. 14/11/23. Tues. Morning Report.

Mixed Results in New York.  Energy up. NAB ex-dividend today. Dow Jones +0.16%.  SP500 -0.08%.  Nasdaq -0.11%.  Small Caps -0.07%.  Banks -0...