Dalian is stable at the open today:
That’s not helping the ASX which continues to sink as the AUD rises:
Indeed there are two possible head and shoulders top patterns developing, one small and one much larger.
Big Iron is listless:
Big Gas is getting hosed as brokers downgrade:
Big Gold is still charging but it’s a sell on strength given how oversold is the USD:
Big Sleazy is not happy at all:
Thanks largely to Aussie yields pushing towards breakout on a big head and shoulders bottom pattern and beginning to flatten the curve, RBA or not:
We’re mulling picking up some TIPS, not because we see inflation beyond the oil pop but because the market does.
Finally, Big Property looks very toppy indeed:
The further the global inflation trade runs the worse it will get for the ASX.
