Executive Summary from my Weekly Report:
XJO was down this week -0.86%. The index remains in a bear market with the 50-Day EMA well below the 200-Day EMA.
The index may be sketching out a bottom with support around 5670 (round figures).
Some indication of improving breadth exists in the internals. Not enough yet to give an say we are at a bottom.
Financials continue to show relative strength. We need to see strength return to the resources for our market to take off.
I continue to have difficulty copying and pasting my weekly report to the forum.
Following is my chart book for the weekly report. Make of them what you will:
Short Term Trading Weekend Lounge 30th Nov - 2nd Dec, page-35
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Last
8,705.0 |
Change
5.900(0.07%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,699.1 | 8,727.7 | 8,694.0 |
| XAO (ASX) Chart |
