Craig Parker of Moat Capital notes a breakdown for the S&P500 below its 200-day MA would signal trouble for the ASX200.
Michael Gable of Fairmont Equities suggests electronic product SaaS company Altium could be offering a buying opportunity.
Craig Parker of Moat Capital notes the ASX200 is just hanging on to its uptrend but downside risk is dire.
The Chartist remains longer term bullish on Wall Street but right now has moved to the sidelines.
Michael Gable of Fairmont Equities suggests increasing volume to the downside is of concern as Carsales tries to rebound.
Craig Parker of Moat Capital notes the ASX200 is caught between the push and pull of strength in resources and weakness in banks.
The Chartist reports Macquarie Group is currently stuck in a consolidation phase following its stellar run and direction from here is indeterminate.
Michael Gable of Fairmont Equities suggests Nanosonics has broken outof its period of pullback.
Craig Parker of Moat Capital suggests a positive reaction from bank stocks to the commission interim report suggests the ASX200 can now move up again.
The Chartist reports the technicals for copper are looking positive but there’s work to be done yet.