Don’t look for rationality here. The AUD jumped higher after a raft poor Australian data this morning in balance of payments, retail and government spending point to GDP around 2% tomorrow:
Bonds were nonsense as well, selling after the releases:
XJO is up and away:
Basically, nobody cares. It’s risk on in the US today.
Nonetheless, Dalian is struggling to recover:
Big Iron is up but not convincing. FMG is a shorter’s dream as its epic descending triangle pattern forms. $4.50 is the base, if it breaks it’s awwn:
Big Gas is bouncing with oil. Dead cat variety to me:
Same for Big Gold:
Big Sleazy is bifurcating with the great mortgage centres falling away versus the marginally less so:
Big Puswad is OK today but the trend is poor, especially for GMA:
Big Retail is mixed as RFG sinks from sight. DMP’s buy back is working wonders holding $40:
Nothing there I want to buy.
