The ASX200 looks set to open back under 7200 this morning following a poor close on Wall Street i.e. yet again nobody appears to want to go home long for the weekend. Overall we felt last week’s performance was solid with the extra spice from reporting season throwing up some major swings on the stock level, it favoured the bulls on the index level last week i.e. the banks are firm which is extremely supportive of the ASX.
MM is mildly bullish the ASX200 above 7200
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