Trading news

Aussie 200 Index Gainers & Losers plus Market Snapshot 28 January 2015

Reporting season in America threw markets into a spin with the major indices pulling back up to 1.89 per cent as earnings disappointing to the downside. Having said that, Yahoo reporting earnings after hours and the stock price is up some 7 per cent, pointing to a positive start on the futures market. The Aussie 200 index managed to climb into the positive, despite these headwinds, gaining 5.6 points and the Aussie Dollar is sitting right on the 80 cent mark.

How did the Aussie market perform today?

S&P/ASX200 gained 5.6 points or +0.10% on volume of $4.20 billion, closing ­­at 5552.8.

Australian sector watch

28Jan2015

Looking over the charts

  • The Aussie 200 Index defied some pretty negative sentiment from our US counterparts overnight, bucking the bearish trend to close up for the day and at the highest price since September last year.
  • What is most exciting for the bulls is the support that held from the early sell-off, when we dropped 25 points before climbing back into the positive and near the highs of the day.
  • The psychological resistance points can be really tough to break through and we had every reason to today, yet continued boldly forward, buying up the index constituents.
  • As we continue closing towards the highest price in the last 10 days the stochastic indicator remains in overbought and is usually unreliable when hitting new short term highs, so instead we keep an eye out for divergence.
  • Support is currently sitting at 5525 and below that at 5500 with resistance sitting at 5562 and then 5600.

ASX-200-market-update-28-January-2015

Chart Courtesy of Invast MT4

ASX top 200 stock analysis

8% of stocks are showing oversold levels, 48% are showing overbought levels and 57% 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:

  • BCI         BC IRON +8.14%
  • CWN      CROWN RESORTS +7.54%
  • NUF       NUFARM +6.38%
  • BDR        BEADELL RESOURCES +6.25%
  • CDD       CARDNO +5.57%

Top 5 Losers:

  • BKN       BRADKEN -35.77%
  • MRM     MMA OFFSHORE -8.74%
  • SVW      SEVEN GROUP HOLDINGS -5.11%
  • TSE         TRANSFIELD SERVICES -5.10%
  • MIN       MINERAL RESOURCES -4.14%

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, 28 Jan, 2015 / 8:55

Source : http://blog.invast.com.au/news/aussie-200-index-gainers-losers-plus-market-snapshot-28-january-2015#.VMijjv7Le3B

Trading news

 

Weekly Outlook: June 24 – June 28: G20 Summit Takes Center Stage, RBNZ Decision Also in Focus

This week, market participants are likely to be sitting on the edge of their [...]

Posted on Monday, 24 Jun, 2019 / 7:00 under

Oil added almost 5% against the backdrop of the possible conflict in Middle East

Brent crude has got over the important mark of $65 per barrel and added about [...]

Posted on Friday, 21 Jun, 2019 / 3:58 under

FX Options Update: June 20, 2019

Saxo Bank's latest report on the FX Options space is now live, with a look at [...]

Posted on Friday, 21 Jun, 2019 / 11:41 under