
Gold futures traded lower on Friday, a day after recording the strongest daily surge for the month
Rising US Treasury yields and an uptrend in the greenback exerted pressure on [...]
Plenty of activity to close the week on Friday with the Alibaba float generating an amazing amount of interest and price appreciation, jumping from $68 to nearly $100 before settling at $93, up 38% from its IPO float price. Alibaba is now the 4th largest tech stock by market cap ($228 billion) with only Microsoft, Google and Apple above them. In addition to the excitement around Alibaba, we had the Scottish vote for independence, which 55% of countrymen voted No for and commodities, like Gold and Silver, took a big nose dive with inflation coming in at 1.7% in the United States.
As a result of the commodity sell-off, the Aussie 200 index was unable to gain any positive traction, falling an incredible 69.1 points and breaking some key levels of support along the way.
How did the Aussie market perform today?
S&P/ASX200 lost 70.1 points or -1.31% on volume of $3.7 billion, closing at 5363.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
49% of stocks are showing oversold levels, 6% are showing overbought levels and 33% of stocks are currently above their long term moving average as of close of trading today. View the image below to better understand overbought and oversold levels.
S&P/ASX 200 Gainers and Losers
Top 5 gainers:
Top 5 Losers:
Please note that these are our initial impressions and that it is important to read all disclaimers on this website when considering the information. If you would like to discuss further please contact:
Ashley Jessen
Director of Communications
Email: ashley_jessen@invast.com.au
Phone: 02 8036 7567
Monday, 22 Sep, 2014 / 11:27
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