The market (All Ordinaries Index) was down modestly today, -0.6%. Nothing dramatic.
The Advance/Decline Ratio was in the red at 0.81. That's in line with a down day.
However, UpVol/DownVol was in the green at 1.3. That's a non-confirmation of the down day.
The 20-Day NewHighs/NewLows (50 Leaders) were 8/2. Another non-confirmation. This appears to be in sync with the UpVol/DownVol figure.
The 50 Leaders were down -0.5% (outperforming the XAO).
The Small Ordinaries were down -0.8%. So there was some risk aversion in the market today.
The currency dropped intra-day, but was still obstinately above 0.92 USD at the time of writing.
Overall, one must still conclude that this is still a minor pull-back in the ongoing bull market.
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