Indices: Australian ASX 200
The ASX200 experienced a quiet start to the penultimate week of November which saw winners and losers match each other almost perfectly, the index ultimately slipped -0.2% to add to the consolidation of the market since testing 7200 last week. The ongoing sector rotation continues in a predictable fashion depending on strength/weakness in…
The ASX200 took a breather last week as uncertainty crept into the market even with the fabled December now only 10-days away, importantly with the index having already reached our 7200 target area we believe the “easy money” from the October low is well and truly behind us. We anticipate a grind higher with more action unfolding on the stock/sector level where selling strength is our preferred stance until further notice.
