ASX fell in a heap today. XJO -1.28%.
It was RBA Day today - the day when interest rate decisions are announced. The rate was held steady, and, uusually for RBA Day, the market barely moved. The interest rate decision was not the "cause" of today's big fall.
The XJO bottomed just after 11.00 a.m. (Eastern Summer Time) this morning, rose a little and then basically slid sideways for the rest of the day.
XJO was almost down to 6900 today - the last support level before the World Ends. No - not really. But the next major support level is a long way further down. I don't even want to think about it.
In early trading in Europe today, markets, in contrast to Australia, are relatively flat. STOXX600 -0.04%.
DOW Futures +0.17%.
I think we'll have a better day tomorrow.
Only one sector was positive today, Health +0.24%.
Worst - Energy -3.69%.
Gold/Silver Index.
Not that Gold was rising, Silver was falling at a much faster rate than Gold. Silver fell last night by -4.52% while Gold fell only -1.05%. So the break-out in the G/S Ratio is not a buy signal for Gold.
Gold Miners ETF today was down -3.42% and completed a Head/n/Shoulders topping pattern.
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