The Chartist reports a resilient iron ore price suggests upside for the miners but in the current context there’s still more to prove.
Michael Gable of Fairmont Equities notes that since Reliance Worldwide’s share price gapped up post-result, that gap has now been closed.
Craig Parker of Moat Capital suggests a -20% correction for the ASX200 is looming.
Michael Gable of Fairmont Equities suggests logistics REIT Goodman Group is breaking back up post sell-off.
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.