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Aussie 200 Index Gainers & Losers plus Market Snapshot 21 January 2015

Indices in the US mounted a serious fight back, after spending the majority of the session nearly 1 per cent lower, managing to climb back into the black with the NASDAQ index up 0.44 per cent. It appears a combination of yesterday’s above expectation Chinese GDP data and a handful of commodities rising meant our index got off to a very robust start to the day, closing the session up 85.7 points. Volatility abounds over the next few trading sessions with the ECB announcement due out Thursday evening London time and the Greek Election on Sunday. Gold is currently sitting on the $1,300 per ounce mark.

How did the Aussie market perform today?

S&P/ASX200 gained 85.7 points or +1.59% on volume of $4.20 billion, closing ­­at 5393.4.

Australian sector watch

21Jan2015

Looking over the charts

  • The Aussie 200 Index finally found a bit of life and as mentioned over the last couple of days, found support around 5300 and bounced from there.
  • Today was clearly a very positive day with the index rising a hearty 85.7 points but the other positive is our market closed right near its highs of the day, indicating that the bulls are in control and doing everything they can to push it higher.
  • Momentum has finally started to turn but is still a little stagnant, with the stochastic sitting just above the oversold level and now the bulls will need to fight the overhead resistance in order to push towards fresh 1 month highs and potentially 3 month highs if we can take out the 5560 level.
  • Support is currently sitting at 5365 and below that at 5340 and 5300. Resistance is firm and is sitting at 5400 and above that at 5430.

ASX-200-market-update-21-January-2014

Chart Courtesy of Invast MT4

ASX top 200 stock analysis

33% of stocks are showing oversold levels, 13% are showing overbought levels and 49% 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:

  • LNG       LIQUEFIED NATURAL GAS +8.49%
  • NST        NORTHERN STAR RESOURCES +6.93%
  • EVN       EVOLUTION MINING +6.18%
  • EGP        ECHO ENTERTAINMENT GROUP +6.02%
  • SUL        SUPER RETAIL GROUP +4.39%

Top 5 Losers:

  • HZN       HORIZON OIL -3.85%
  • SPK        SPARK NEW ZEALAND -2.85%
  • AGO      ATLAS IRON -2.78%
  • MTS       METCASH -2.32%
  • UGL       UGL -2.00%

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

 

Wednesday, 21 Jan, 2015 / 7:07

Source : http://blog.invast.com.au/news/aussie-200-index-gainers-losers-plus-market-snapshot-21-january-2015#.VL9MpiuUcYF

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