Tag: ASX:XJO

The S&P/ASX 200 finished the week down 0.34%.

The best performer was the Utilities sector, up 3.6% and the worst performer was the Telecoms sector, down 6.1%. 

The XJO index remains in a “lower high” formation with resistance at 5836.

The S&P/ASX 200 Index finished the week down 0.06%.

The best performer was the Energy sector, up 3.8%, and the worst performer was the Property Trusts sector, down 2.4%.

The XJO remains in a “lower high” pattern, following the sell-off from the recent  5836 level.

The S&P/ASX 200 Index finished the week up 0.9%.

The best performer was the Consumer Discretionary sector, up 2.8% and the worst performer was the Telecoms sector, down 5.1%. 

The XJO remains in a “lower high” formation with resistance at 5836.

The S&P/ASX 200 Index finished the week down 0.5%.

The best performer was the Telecoms sector, up 1.4% and the worst performer was the Consumer Discretionary sector, down 3.2%.

The XJO remains in a “lower high” pattern, with 5836 acting as resistance.

The S&P/ASX 200 Index finished the week up 0.31%

The best performer was the Utilities sector, up 3.6% and the worst performer was the Financials ex-Property sector, down 1.1%. 

The XJO remains in a “lower high” pattern, as illustrated on the chart below.

The S&P/ASX 200 Index finished the week down 0.4%.

The best performer was the Materials sector, up 1.7% and the worst performer was the Utilities sector, down 2.2%.

The XJO chart below shows the index remains in a “lower high” formation.

The S&P ASX 200 index finished the week down 0.7%. The best performer was the Property Trust sector, up 0.9% and the worst performer was the Telecoms sector, down 4.1%.

The XJO continues to trade below the 5836 “lower high” formation, as indicated on the chart below.

The S&P/ASX 200 Index finished the week up 1.08%.

The best performer was the Energy sector, up 2.7% & the worst performer was the Health Care sector, down 1.1%.

The XJO continues to trade below the recent 5850 “lower high” formation.

The S&P/ASX 200 Index finished the week down 0.31%. The best performer was the Materials sector, up 2.1% and the worst performer was the Health Care sector.

The XJO remains below the recent 5850 “lower high” formation, as displayed on the graph below.

The ASX200 finished the week up 0.1%. The materials sector was up 2.7% and the the worst performer was the Property Trusts sector, down 4.9% with Stockland down 5%.

The chart below shows a further “lower high” pattern in the index. Thursday’s top at 5820 is now the third counter trend rally that has failed, since the minor downtrend started on the 1st of May, after topping at 5956.

We view 5850 as a key market level and as long as the index trades below this level, caution for downside range extension is advised.