ASX treads water as housing complex keeps falling

David Llewellyn-Smith

Wednesday, 14 February 2018

The AUD is stable today:

Bonds a little bid:

XJO is off a touch:

But there’s some cycling as Big Iron bounces:

With Dalian:

Big Gas keeps falling:

Big Gold takes a breather:

But Big Sleazy remains weak as CBA goes ex-div. Technically it looks precarious:

Finally, Big Puswad keeps falling with MEA, GMA and DHG all falling:

The housing complex is not looking very healthy.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.