The ASX200 is set to open up around +1.4% this morning, as it again threatens to break clear of the psychological 6800 area. If we follow Friday’s stellar performance on Wall Street the influential resources, consumer discretionary, and financials are likely to lead the gains while selling should be conspicuous by its absence across the board.
- No change, we still believe equities are likely to be trading in the 6400-7200 range over the next 6 months although we do feel potential surprises are more likely to be on the upside.
MM remains bullish on the ASX200 into Christmas
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