Weekly Report
XJO was down a little this week -0.25%. That did nothing to change the overall trend, but some glimmers of light did appear this week.The daily and weekly charts are more or less back in sync, rising a little off oversold levels. So contrarians will be looking for at least a counter trend rally.
In the previous week all Sectors had been given bearish ratings, with only one (XIJ) showing the potential for a bullish change. This week, XIJ has lapsed into the outright bearish camp. One sector has been given a "bullish" rating: XPJ (Property). Three sectors have improved from "bearish" to "bearish with a possible positive trend change". These are XUJ (Utilities), XSJ (Consumer Staples) and XXJ (Financials).
That's not a lot of positives - but some glimmers.
For full report and charts see https://australianmarketreport.wordpress.com/wp-admin/post.php?post=7398&action=edit
weekend lounge 23/11/18, page-55
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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 |
