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Aussie 200 Index Gainers & Losers plus Market Snapshot 13 January 2015

Momentum in the slide in Crude Oil prices continues unabated as the price of WTI Crude fell an astonishing 5 per cent to $46.07 a barrel in overnight trading, leaving our energy sector down a massive 1.73 per cent, providing an insurmountable road block for our Aussie Index, which fell 18 points or 0.3 per cent. Gold was a minor beacon of hope as it rose to fresh 3 month highs with our Aussie Dollar consolidating around 0.8160.

How did the Aussie market perform today?

S&P/ASX200 lost 18 points or -0.33% on volume of $3.11 billion, closing ­­at 5404.7.

Australian sector watch

13Jan2015

Looking over the charts

  • ​The Aussie 200 Index fell a quick-fire 45 points on the open following the desperately weak leads on the international bourses but managed to find some composure some 3 hours later, testing the previous day’s close.
  • Continuing on from yesterday’s comments, we are still in somewhat of a ‘no-man’s land’ as our index moves from intraday high to intraday low, solidifying the common support and resistance lines.
  • With international markets in fairly solid uptrends, we are just waiting for a change of fortune around the key commodities before our market may begin to find some footing and charge forward.
  • Support is currently sitting at 5370 and below that at 5350 with resistance above at 5400, 5420 and 5445.

ASX-200-market-update-13-January-2014

Chart Courtesy of Invast MT4

ASX top 200 stock analysis

11% of stocks are showing oversold levels, 27% are showing overbought levels and 52% 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.

ASX-200-market-update-14-Jan-2014

S&P/ASX 200 Gainers and Losers

Top 5 gainers:

  • EVN       EVOLUTION MINING +8.98%
  • NST        NORTHERN STAR RESOURCES +5.23%
  • SUL        SUPER RETAIL GROUP +4.39%
  • AWC      ALUMINA +4.24%
  • TSE         TRANSFIELD SERVICES +3.81%

Top 5 Losers:

  • MGX      MOUNT GIBSON IRON -11.32%
  • AGO      ATLAS IRON -11.11%
  • CDD       CARDNO -8.28%
  • HZN       HORIZON OIL -7.14%
  • BCI         BC IRON -6.92%

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

 

Tuesday, 13 Jan, 2015 / 9:01

Source : http://blog.invast.com.au/news/aussie-200-index-gainers-losers-plus-market-snapshot-13-january-2015#.VLTeByuUcYF

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