Bit of a nothing day today. Opened up about 20 points, long sideways drift all day, closed up about 20 points.
The market continued into overbought territory with 92% of the 50 Leaders above the 10-Day Moving Average. This is now above the level it was at in the middle of October when the market sold off.
A little risk aversion evident today with the 50 Leaders up +0.5% marginally better than the Small Ordinaries at +0.4%, but nothing much in it.
Will it sell off tomorrow? Dunno - but the odds are higher now than on any of the previous three days.
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