| Weekly Trend: | Up |
|
| Daily Trend: | Up |
|
| Daily Momentum: | ___ | Flat |
European and US markets had solid sessions over night; the FTSE100 up 2.1% and the Dow Jones up 1.5%. Of note is the Dow Jones closing at new highs for the year but not backed up by the Nasdaq or S&P500 doing the same. Nor is it confirmed by the Dow Jones Transports Index which we keep an eye on for divergences or non-confirmation of movements on the Dow Jones. Our market continued on with yesterday’s good form – the XJO closing up over 54 points. In a similar vein, the Australian Dollar continues to power ahead against a weak USD and is trading at 1.0762 at time of writing. US futures are up nicely at this moment – DJIA + 51 in night trading. Easter is upon us so we trust everyone will enjoy their break. Trading over Easter is as follows:- ASX – closed Friday, Monday & Tuesday – re-opens Wednesday 27th; US trades tonight, closed Friday night for Good Friday and trades both Monday & Tuesday nights as usual. Updates for tonight’s US session will be done Saturday. Once again, enjoy the holiday.







Thu, Apr 21, 2011
ASX Commentary