July 29th 2010

Thu, Jul 29, 2010

ASX Commentary

Weekly Trend: Up
Daily Trend: Up
Daily Momentum: ___ Up

The market wallowed around today but finished on a firm tone. The market is at an important point of indecision and could go either way. The US has numerous earnings releases in the coming week and we’re also starting our season here. The market seems to be holding its breath here and looking for direction. Unfortunately this state of flux will stay in place until these earnings are over and done with. Trend and momentum remain up.

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This post was written by:

Nick Radge - who has written 894 posts on The Chartist.


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