The All Ordinaries finished down -0.55% today.
Advance/Decline Ratio was a bearish 0.71. UpVolume/DownVolume was more bearish at 0.58.
The best performing sector was Health at 1.2%. The worst performer was Materials at -1.8%.
The recent good run for Materials seems to be over while the Financials are improving on a relative basis, down only -0.2%. Looks like its time to switch out of BHP and into CBA.
Gold Miners took a big hit, down -5%. Lihir Gold actually hit a 20 Day Low after hitting a 20 Day High only three days ago. Is the Gold Rush over? Still too early to say.
The XAO remains in No Man's Land between +1 Standard Deviation and -1 Standard Deviation above and below the 50-Day Simple Moving Average. Until the chart line can decisively break above +1 Standard Deviation above the 50DSMA, the XAO remains in Pull Back mode.
