Big Iron is mixed today as risk comes off. BHP is flat, RIO 0.2% but FMG -3.9%. Dalian has opened up a little:
Big Gas is getting off lightly with WPL -0.9%, OSH -1.4%, ORG -0.8% and STO -2.6% and right at technical breakdown:
Advertisement
All of these stocks are still trading as if oil will return to $70. In their dreams…
Big Gold is having a winning day with NCM 1.8%, RRL 4.4%, IGO 0.3%, SBM 3.7% and EVN 3.4%:
Advertisement
The NCM chart if perhaps showing promise for a bottom in the correction. As is IGO.
Big Debt is down -1%+ and still approaching support in its mega-bear chart:
Advertisement
The Big Spruik is today’s big loser (again) with the disgusting FXJ -2.2%, REA -2.5%, MEA -1% and MGR flat:
No bottoms there!
Advertisement