As expected, today was down. XAO -0.8%
Some risk aversion was evident with the defensive stocks among the best performers.
Consumer Staples, +1.0%
Telecommunications, +0.3%
Utilities, -0.1%
Health, -0.6%
But the breadth picture wasn't particularly gloomy.
Amongst the 50 Leaders newhighs/newlows, the split was even 2/2.
Advance/Decline Ratio was 0.87
AdvVol/DeclVol was 1.16
Small Ordinaries: 0.8%
Fifty Leaders: 0.9%
Nothing much in those breadth figures - but a slight bias to the up side.
As I said in the Weekend posts, the market is fragile - but not broken.
I'd expect a flat to up day tomorrow.
While the Ozzie Dollar stays strong - there's not much chance our market will fall in a heap.
At the time of posting, the Ozzie was back above 92 cents - so it is still looking strong - and positive for our market.
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