Indices: Australian ASX 200
The ASX200 edged up +0.1% yesterday helped by further gains by the Tech Sector while losses in Real Estate & Utilities dragged on the index although it was overall a quiet day illustrated by only two stocks on the main board moving by more than 5%. The Bank of Japan (BOJ) produced the most fireworks during the lacklustre session when they…
The ASX200 ended basically flat yesterday shedding no light on whether it can break clear of the psychological 7400 area but the short-term trend remains up hence, for now, a retest of 7600, around 3% higher feels likely. However, we remain committed to moving down the risk curve into further strength i.e. watch for alerts.
