In a day of choppy trading, XJO finished up today +0.3%.
XJO remains in a consolidation pattern at the top of its recent counter-trend rally.
Tocay's candle was within the range of Tuesday - which usually suggests indecision. That goes along with the choppy nature of intra-day trading.
Trading was more or less evenly spread between sectors, with five up and six down. Best was Energy +2.47%. Worst was Utilities -0.95%.
Gold Miners today did well, Gold Miners ETF up +3,66%. The ETF is in a strong up-trend with the 2 Day EMA, 13 Day EMA and 20 Day MA all above the zero line. Volume was high today, so this might be reaching a climax.
Treasury Wines surged higher today on optimism about the Chinese market. TWE +4.98%.
BHP presented its quarterly statement today which was met favourably by the market, BHP +0.68% well above the result for the XJO of +0.3%.
I checked on the short-selling list today and noted that lithium stocks are prominent. Pilbara (PLS) is the most shorted stock, but other lithium miners are also prominent, e.g., Liontown Resources, Core Litium and Sayona Mining.
In early trading this evening, Europe is flat and Dow Futures flat - that's despite the news of the terrible explosion at a Gaza hospital where hundreds have died. Gold, however, continues to rise, currently up about +0.8%.
Tomorrow in Australia is a heavy duty reporting day with employment data due.
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