• Articles
    • Views
    AUTHOR

    Karo Cornips

    Joining the team at TradersCircle in 2011, Karo has extensive experience in both investing education and derivatives trading.

Author's Posts

  • XJO to open flat with US markets back around resistance

    The XJO is expected to open flat this morning. The U.S rallied Friday night, however they stalled at key resistance which roughly represents both their all-time high and the ceiling of their recent consolidation range. Alongside their flat futures, our market is pausing this morning as we wait to see where they trade from here.

    Read More
    Public
  • US markets close lower ahead of NVIDIA report, which disappoints

    The XJO is expected to open lower this morning following a pullback in the U.S overnight. Their futures are flat. Yesterday some secondary CPI data came out slightly higher than expected. In response our market dipped, however we managed to retake all our intraday losses to finish flat. The stronger than expected CPI would mean

    Read More
    Public
  • Investors take pause ahead of key NVIDIA report

    The XJO is expected to open lower this morning. The U.S closed slightly higher overnight, retracing from their intraday lows as they continue to consolidate sideward. Whilst the U.S has tracked sideward over the past few sessions however, our market has maintained its strength, pushing towards our all-time highs. This morning’s pullback is likely to

    Read More
    Public
  • US shares stall with prices around highs

    The XJO is expected to open flat this morning following a small pullback in the U.S overnight. U.S and major Asian futures are also in the red, so by market open we could also follow suit. We finished firmly in the green yesterday in the face of a flat U.S close on Friday and even

    Read More
    Public
  • Powell pumps markets higher again

    The XJO is expected to rally on open this morning following a rebound in the U.S on Friday night which saw their market retake the previous session’s losses. The past few sessions of movement for the XJO have been fairly indecisive. We have retraced both intraday losses and given up intraday gains, but have ground

    Read More
    Public
  • Lower open expected after record string of gains

    The XJO is expected to open lower this morning following a strong pullback in the U.S overnight. Their futures are slightly in the green. We have tracked largely sideward over the pat few sessions, likely waiting to see whether the U.S would break through their all-time high resistance or fail and rebound off it. With

    Read More
    Public
  • XJO expected higher for the 10th straight session

    The XJO is expected to open higher this morning following a continued move higher in the U.S overnight. Their futures are flat. Yesterday we retraced from our lows, bolstered by positive U.S futures during our session to, finish marginally in the green. This morning we will continue that strength and open near 8,025, and if

    Read More
    Public
  • Shares stall after 8 days of strong gains

    The XJO is expected to open lower this morning following a pullback in the U.S overnight. Their futures are flat this morning. Our market yesterday was skeptical of the U.S run, and didn’t really price in their strong move higher from the night before. Our doji yesterday was the beginning of an evening star reversal

    Read More
    Public
  • Unbelievable gains continue

    The XJO is expected to open higher once again with a continued move from the U.S overnight. Their futures have edged into the red. We should flirt with key resistance near 8,000 on open this morning. The strength from the U.S is quite shocking considering they have not really paused since their recent lows. Our

    Read More
    Public
  • Flat open expected as US markets eke out small gain

    The XJO is expected to edge lower on open this morning following U.S markets on Friday night that managed to close slightly higher after retaking intraday losses. U.S futures are also in the green. With the U.S pausing on Friday, but managing to hold ground, our market will be inclined to do something similar today.

    Read More
    Public
  • Shares continue to rally

    The XJO is expected to open higher this morning following a strong jump from the U.S overnight. Their futures are flat. Despite the stella run we have seen over the past couple of the weeks, the U.S managed to rally once again overnight, breaking the 50 day MA and the tentative downtrend line. Our market

    Read More
    Public
  • US shares close higher with inflation continuing to fall

    The XJO is expected to open mildly higher following a similar move from the U.S last night and their positive futures this morning. Yesterday we practically rebounded off key resistance at 7,900 intraday and pulled back to give up most of the day’s gains. We settled back on the 50 day MA, which is also

    Read More
    Public
  • Shares rise after lower US producer prices

    The XJO is expected to rally on open this morning following a strong move higher in the U.S overnight. Their futures have edged into the red. We are expected to open near 7,850 at time of writing, however CBA reported this morning, and the market will likely still be digesting it. Considering CBA is the

    Read More
    Public
  • Flat open expected with US markets unchanged

    The XJO is expected to open flat this morning following a subdued night of trading in the U.S. Their futures are also flat. After a strong run higher from our lows, it makes sense to see markets pause for the moment. Especially considering we have paused at the 50 day MA, and that there is

    Read More
    Public
  • Shares continue to recover

    The XJO is expected to open higher this morning, near 7,850 at time of writing. The U.S finished slightly higher on Friday night, giving our market confidence to extend Friday’s gains. We are clearly bouncing off key support at 7,650, and should face resistance on open from the key level at 7,850, but also the

    Read More
    Public
  • Shares rebound as recession fears subside

    The XJO is expected to rally on open this morning following a rebound in the U.S overnight. U.S futures are also in the green. We should open near 7,775 and with green U.S futures we should push further. Due to our market tracking sideward in tight range for much of this year, there is practically

    Read More
    Public
  • US shares reverse to close lower, XJO to open around support

    The XJO is expected to fall on open this morning. U.S futures yesterday heralded a positive market last night, however they shed all their intraday gains to finish marginally in the red. Our market will give up all of yesterday’s meagre gains in response, with an expected open near 7,670. U.S futures have also dipped

    Read More
    Public
  • US markets rebound but give up most of their intra-day gains

    The XJO is expected to edge lower on open this morning. Last night the U.S rebounded, much like we did yesterday, but gave up roughly half their intraday gains by close. Their futures have edged into the red, likely contributing to our muted open this morning. Markets have paused for now. Our market found support

    Read More
    Public
  • Global panic drops markets, XJO expected fairly flat

    The XJO is expected to open flat this morning. The U.S had another strong night of falls, which were heralded by their futures yesterday. Our muted open likely indicates that we had already priced in their expected falls during our session yesterday. Furthermore, their futures have moved strongly in the green this morning. This could

    Read More
    Public
  • Shares to extend losses

    The XJO is expected to extend the losses from last week on open this morning, following another strong pullback in the U.S on Friday. Scares around U.S recession have flowed directly into our market, with our futures set to open near 7,775 at time of writing. This sheds practically all of July’s gains and puts

    Read More
    Public
  • Shares fall on weak economic data

    The XJO is expected to fall this morning following both a strong pullback in the U.S overnight and their negative futures this morning. Yesterday we set all-time highs once again, though we gave up most our intraday gains to finish near the open. This signal was the beginning of an evening star reversal pattern, and

    Read More
    Public
  • Shares rise on beneficial rate outlook

    The XJO is expected to rally on open this morning following a similar move from the U.S overnight. Their futures are also mildly in the green. Yesterday we opened higher, but it wasn’t until the CPI release at 11:30am (AEST) did our market truly drive higher. CPI came in as expected, but trimmed CPI came

    Read More
    Public
  • US shares close mostly lower, XJO to rise ahead of key CPI data

    The XJO is expected to rally on open this morning despite a small pullback in the U.S overnight. U.S futures are in the red. Yesterday we bounced off key support at roughly 7,900 intraday to retake over half the day’s losses. This morning we should open near 8,000. We seem to be hanging around these

    Read More
    Public
  • XJO expected lower as US markets struggle to make fresh gains

    The XJO is expected to open lower this morning following a muted night of trading in the U.S. Their futures are also flat. Our market may have gotten ahead of itself yesterday. With the U.S not following suit, our market is due to give up most of yesterday’s gains on open. We should open near

    Read More
    Public
  • Tech continues to sell while other US shares hold, XJO to open higher

    The XJO is expected to edge higher on open this morning despite a small pullback in the U.S last night. Their futures are in the green. U.S tech was the main contributor to their falls which is not as well represented in our market. Coupled with our likely overextension to the downside yesterday, it helps

    Read More
    Public
  • Flat open expected as US markets stall

    The XJO is expected to edge lower on open this morning following a small pullback in the U.S overnight. Their futures have moved into the red. Ever since the breakout recently, our index has been pretty much copied the overnight moves from the U.S. Their futures during our sessions have not done much, and therefore

    Read More
    Public
  • Shares rebound off support

    The XJO is expected to rally on open this morning following a strong recovery in the U.S overnight. Their futures are mildly in the green. The U.S bounced off their previous all-time high resistance as support, and our market is set to do the same this morning. Yesterday we reached practically reached 7,900 intraday and

    Read More
    Public
  • Lower start expected as US sees more profit taking

    Our market is expected to start the week lower. The U.S on Friday continued their selling, and our market will simply follow suit. U.S futures are mildly in the green this morning. On Friday we managed to retake half the intraday losses by close. This morning, we should retest Friday’s lows with an open near

    Read More
    Public
  • Second day of US selling to force XJO lower

    The XJO is expected to open lower this morning following another night of selling in the U.S. Their futures are in the green. It’s a similar scenario we were looking at yesterday morning pre-open, where we have seen the U.S sell down overnight but their futures are marginally in the green. The difference is, the

    Read More
    Public
  • US shares mostly pull back, XJO to open lower

    The XJO is expected to fall on open this morning following a strong pullback in the U.S overnight. Their futures have moved into the green. Yesterday we rallied from the small breather we had the prior session and managed to hold most of the gains into the close. Our highs were roughly 8,100, and with

    Read More
    Public
  • Fresh highs again after strong US earnings

    The XJO is expected to open higher this morning following a renewed rally in the U.S overnight. Their futures have moved into the green. The rally in the U.S was largely across the board rather than be limited to just tech and tech adjacent sectors – and so our market will feel comfortable pricing in

    Read More
    Public
  • US shares push further but unable to hold daily strength

    The XJO is expected to open flat this morning following a similar night in the U.S. Their futures are in the green. Our market set fresh highs once again yesterday, holding most of its strength into the close. Yesterday was the third day of solid bullish movement and today we are set to take a

    Read More
    Public
  • US shares higher on Friday, XJO expected at 8,000

    The XJO is expected to open higher this morning following an indecisive but bullish night in the U.S on Friday. Their futures are flat. Our market was squeezing the point of a pennant, and like a spring, we have rocketed higher. We are finally playing catch up to the U.S, so for Friday and today

    Read More
    Public
  • Lower inflation in the US, XJO expected to reach all-time highs

    The XJO is expected to extend yesterday’s gains this morning despite a strong pullback in the U.S overnight. Their futures are in the green. CPI came in softer than expected, yet their market still sold down. This is perhaps due to a rotation out of the large companies that have seen the lion share of

    Read More
    Public
  • Unbelievable US strength to drag XJO back towards all-time high

    The XJO is expected to open higher this morning following a strong night of gains which saw the U.S once again finish in fresh all-time highs. Their futures are flat. We should open near 7,900, roughly our all-time high resistance. It would be hard to suggest that we will break through today, especially when we

    Read More
    Public
  • XJO to fall as US markets stall

    The XJO is expected to open lower this morning following another lacklustre night of trading in the U.S. Their futures are also flat. Yesterday we managed to retest key resistance at roughly 7,830. There is also a downtrend line that comes in at similar levels which we are likely still flirting with. Without continued strength

    Read More
    Public
  • US shares flat, XJO expected to retrace some of yesterdays losses

    The XJO is expected to edge higher on open this morning following a lackluster night of trading in the U.S overnight. Their futures are in the green. Yesterday we sold off back to the middle of the range as a point of comfort, which seems to be the status quo at the moment. What will

    Read More
    Public
  • US shares higher again, XJO to open flat

    The XJO is expected to open flat despite a continued rally in the U.S which saw their market break into fresh all-time highs once again. Their futures are flat. Last Thursday our market had a strong rally after the U.S initially made new highs, but we stalled at both a key level of resistance, and

    Read More
    Public
  • XJO to stall without US leads

    The XJO is expected to edge lower on open this morning. The U.S was closed overnight, and their futures did little. This could translate into a similar day of no action, or our market may decide to profit take. Our market closed firmly in the green yesterday, but didn’t manage to push through key resistance.

    Read More
    Public
  • XJO to jump as US markets continue higher

    The XJO is expected to rally on open this morning following a break higher in the U.S overnight which saw their market close into fresh all-time highs once again. We should open just above 7,800 – flirting with key resistance around these levels. It is difficult to predict whether we will extend the gains during

    Read More
    Public
  • XJO to rise as US shares set fresh records

    The XJO is expected to edge higher on open this morning following a U.S which managed to finish in all-time highs. Their market is still arguably trading in a tight range and so our market is likely skeptical of their rise. Yesterday we held towards the day’s lows into the close. We continue to grind

    Read More
    Public
  • XJO to open lower with Tech holding up US markets

    The XJO is expected to edge lower on open this morning following another lackluster night of sidewards movement from the U.S. Their futures have also edged into the red. Yesterday we kept in step with the past few sessions. Our market once again tried to move away from the middle of the range, but retraced

    Read More
    Public
  • XJO to drift lower after US markets give up early gains

    The XJO is expected to edge lower on open this morning following a small pullback in the U.S on Friday. Their futures have edged into the green. The past few sessions have been very volatile, trading like a whipsaw. Each time we seem to make ground, we reverse and move back to the middle of

    Read More
    Public
  • XJO to rebound back to 7,800

    The XJO is expected to open higher this morning following a small rise in the U.S overnight. Their futures sit flat. Yesterday we managed to crawl back most of our intraday losses, bouncing off an underlying uptrend line. We saw the same moves in both our materials and financials. Ultimately it seems we still want

    Read More
    Public
  • XJO to fall on rate concerns

    The XJO is expected to open lower this morning despite another small rise in the U.S overnight. We should open near 7,700 key support as our market continues to sell off. There are a few likely reasons for our extended sell down this morning. Firstly, U.S futures have moved into the red. Secondly, the financials

    Read More
    Public
  • XJO to drift lower as most US sectors fall

    The XJO is expected to edge lower on open this morning following despite a small rise in the U.S overnight. Their futures are flat. We had an unexpectedly strong rally yesterday, where we almost reached key resistance at roughly 7,850. With the U.S continuing to track sideward overnight, our pullback this morning is likely our

    Read More
    Public
  • XJO to bounce as US continues into blue sky

    The XJO is expected to open higher this morning following renewed buying in the U.S overnight which saw their market once again make fresh all-time highs. We should translate their move to an open near 7,750 – a resistance level we will contend with during our session today. U.S futures are in the green, and

    Read More
    Public
  • XJO expected to open flat, with Tech holding US markets high

    The XJO is expected to edge lower on open this morning following a muted night of trading in the U.S which saw their market retake intraday losses to finish marginally higher. Yesterday we tried to retake some of the losses from earlier in the week, but didn’t have the conviction to move away from the

    Read More
    Public
  • US inflation slows to its lowest pace in two years, XJO to rebound

    The XJO is expected to open higher today following a strong night in the U.S on the back of softer than expected CPI. Their futures are flat this morning. Keeping with current trends, the U.S continues to move higher. Whether we can continue to follow them remains to be seen. This morning we will begin

    Read More
    Public
  • Tech keeps US markets high, XJO to fall

    The XJO is expected to continue yesterday’s fall on open this morning despite a small rise in the U.S on Friday. Their futures are in the green overnight. The U.S was mainly driven by tech overnight, which is not as well represented in our market. Furthermore, their financials were the worst performing sector overnight. Our

    Read More
    Public
  • XJO to reopen around 7,800 with US markets stalling

    The XJO is expected to open lower this morning. Without a strong U.S, which is instead tracking sideward, our market doesn’t have the confidence to hold the top of the range. We should rebound off 7,850 key resistance, with our expected open near 7,800 key support. There is also a short-term uptrend line that comes

    Read More
    Public
  • US shares stall but dont fall

    The XJO is expected to edge higher on open this morning following a night where the U.S was able to retake meek intraday losses to finish fairly flat. Their futures are also flat. All is quiet on the western front as we wait for U.S jobs data tonight which will no doubt set the tone

    Read More
    Public
  • US shares record fresh all-time highs, XJO to rise back above 7,800

    The XJO is expected to rally on open following a strong night of buying in the U.S. Their futures are flat. We should flirt with 7,800 resistance on open, potentially breaking higher in the morning session. Beyond that we have the top of the range at 7,850 to 7,900, with 7,900 also representing approximately our

    Read More
    Public
  • US shares slightly higher after late buying, XJO to open flat

    Our market is set to open flat once again following another indecisive night in the U.S. For the past few days their market has retaken intraday losses to finish marginally in the green. Our market has translated this to our own sideward movement, and we should expect the same today. U.S futures are in the

    Read More
    Public
  • US shares trade back and forth to finish flat, XJO to open slightly lower

    The XJO is expected to open flat this morning following another tumultuous night of trading in the U.S which saw their market retake intraday losses to finish marginally in the green. Their futures are also flat this morning. Yesterday we managed to hold onto most of our gains as we broke the short-term countertrend higher.

    Read More
    Public
  • US shares rise in the last hour of trade to ensure XJO will start the week high

    We continue to trade range bound, with the top of the range being roughly 7,850 to 7,900 (our all-time highs), and the bottom of the range being roughly 7,550 to 7,500. We got within arms reach of the bottom of the range on Thursday and rebounded. Now it looks like we are heading back to

    Read More
    Public
  • XJO to rebound with most US shares closing higher

    The XJO is expected to rally on open this morning despite a pullback in the U.S last night. Their futures are also in the red. Perhaps it is because our market has already fallen over 3.5%, where as the U.S has barely fallen half of that, as to why our market is finding strength this

    Read More
    Public
  • XJO to fall further as US markets hit by selling

    The XJO is expected to extend its falls again this morning following a pullback in the US overnight. Their futures are also heavily in the red, likely exacerbating our selldown. Yesterday was an unusually large fall on open considering the little leads we got from the U.S the night prior. However at 11:30am AEST, our

    Read More
    Public
  • XJO to fall as US markets stall

    The XJO is expected to tumble on open this morning. The U.S was flat overnight and their futures are also flat this morning. With little to no leads from overseas, our market is expected to pullback out of caution as we head into both a CPI update at 11:30am (AEST), and U.S GDP data on

    Read More
    Public
  • US to edge higher with US markets closed overnight

    The XJO is expected to open flat this morning. The U.S recovered overnight and their futures are flat this morning. We recovered well yesterday, rebounding off the underlying uptrend line, key support at 7,700, and the 50 Day MA. We stalled at 7,800 though, and this morning we will test it again. Markets are likely

    Read More
    Public
  • US shares rebound on Friday, XJO to open higher

    The XJO is expected to open higher following a recovery in the U.S on Friday. Their futures are flat. For a moment there it looked like the U.S was going to break lower with its strong pullback last Thursday. However, during their Friday session they were able to retake much of the previous session’s losses

    Read More
    Public
  • US shares reverse from all-time highs, XJO to fall

    The XJO is set to tumble again today following a pullback in the U.S overnight. Their futures are flat. Our market should retreat back to the comfort of the 50 day MA on open this morning, which comes in at roughly 7,740. We may selldown further to 7,700 support if things get worse come open,

    Read More
    Public
  • Shares fall as Fed more hawkish than expected

    The XJO is expected to open lower this morning following a tentative night of trading in the U.S, continuing on their sideward consolidation. Their futures are mixed, with Nvidia boosting aftermarket trading with their positive report. BHP on the other hand fell close to five per cent as their offer for Anglo was knocked back

    Read More
    Public
  • US shares push higher and stall at all-time high

    The XJO is expected to open higher this morning following a small move higher in the U.S overnight. Their futures have also edged into the green. The U.S managed to hold their gains and once again flirt with their all-time high resistance. Our market is expected to somewhat follow suit, but we may not exactly

    Read More
    Public
  • XJO to open lower as strong Tech stocks hold US markets flat

    The XJO is expected edge lower on open this morning following a flat session in the U.S overnight. Their futures have edged into the red. Volatility is coming out of the market. We had another inside day yesterday but managed to hold the gains. We pushed through 7,850 and should retest it on open this

    Read More
    Public
  • US shares flat to higher on Friday, XJO to rise

    The XJO is expected to open higher this morning following a flat night in the U.S on Friday. Their futures have edged into the green. The U.S managed to hold on Friday night, bouncing from the previous all-time high to retake intraday losses and finish fairly flat. Our market on Friday sold off two thirds

    Read More
    Public
  • Shares stall despite lower CPI

    The XJO is expected to open lower this morning following a pullback in the U.S overnight. Their futures are also flat, providing little to no leads. We had a big day of rallies yesterday. We blew through key resistance at 7,800 and 7,850, managing to finish the session by testing our all-time high resistance at

    Read More
    Public
  • Rate cuts look more likely as US CPI falls

    The XJO is expected to rally on open this morning following a strong night of buying in the U.S overnight which saw their market make fresh all-time highs. Their market rallied on the back of softening inflation and retail sales data. Their futures have also edged into the green. We should open near 7,800 and

    Read More
    Public
  • US markets drift back towards all-time highs ahead of key CPI reading

    The XJO is expected to open higher this morning following renewed buying from the U.S overnight. Their futures have also edged into the green. We should open just below key support at 7,800 and it seems likely we test it today. It would be hard to expect our market to break with both the U.S

    Read More
    Public
  • Markets treading water ahead of key CPI reading

    The XJO is expected to open flat this morning following both a lackluster night of trading in the U.S and their flat futures this morning. It seems markets at this stage are waiting to for the CPI reading tomorrow night from the U.S. Before then it would be hard to expect too movement either way.

    Read More
    Public
  • US markets stable, XJO to open lower

    The XJO is expected to edge lower on open this morning despite a meek rise in the U.S on Friday. Their futures are flat. The U.S is within arm’s reach of their all-time highs, but our market is struggling to follow suit. On Friday we managed to bounce from both the 50 day MA and

    Read More
    Public
  • US markets resume rising, XJO to open higher

    The XJO is expected to open higher this morning following renewed buying in the U.S overnight. Their futures are also in the green. Yesterday we had a strong pullback, reversing much of the past couple of session’s gains. We finished on a short-term uptrend line that has formed since the recent lows at 7,550. This

    Read More
    Public
  • Markets stall but don’t fall

    The XJO is expected to edge lower on open this morning following a U.S market which managed to retake intraday losses to finish exactly flat. Their futures are in the green. Yesterday we saw the momentum leave, or at least pause. Our meek open this morning further confirms the consolidation as we digest the recent

    Read More
    Public
  • US shares stall, XJO to continue monster run

    The XJO is expected to edge higher on open this morning following a flat night of trading in the U.S. Their futures are also flat. Yesterday our RBA kept interest rates unchanged at 4.35%, however Bullock in her statement was about as dovish as she could be given the current environment of sticky inflation and

    Read More
    Public
  • Another strong US session to drive Australian market higher

    The XJO is expected to rally on open this morning following another strong move higher in the U.S overnight. Their futures are flat this morning. We should open just above key resistance at 7,700 and test the 50 day MA. It seems reasonable that we hold the gains today, provided U.S futures don’t move too

    Read More
    Public
  • US shares continue to rise, XJO to be dragged higher

    The XJO is expected to rally on open this morning following a strong move higher in the U.S on Friday. Their futures are also in the green. Tech rallied, Apple announced a buy-back, and employment data was slightly softer than expected – all things their market needed to run higher. This will flow into our

    Read More
    Public
  • US shares start to rebound following FED, Futures boosted by Apple

    The XJO is expected to edge higher on open this morning following a meek recovery in the U.S overnight. Their futures are strongly in the green this morning, though led by tech, which is not well represented in our market. We should open near the highs of yesterday, and with positive U.S futures, should continue

    Read More
    Public
  • US shares relatively stable as FED tries to calm the market, XJO expected flat

    The XJO is expected to open flat this morning following a tumultuous night of trading in the U.S overnight. Their futures have moved into the green however. Their market has taken the Fed meeting last night with mixed feelings. Our market is likely willing to hold key support at roughly these levels, bolstered by their

    Read More
    Public
  • Markets fall after further inflationary data, FED meeting tonight

    The XJO is expected to fall on open this morning following a strong pullback in the U.S overnight. Their futures are flat. The U.S had some strong secondary base jobs data overnight, but it seems likely that much of their selloff was also driven by a de-risk attitude as we head into the Fed interest

    Read More
    Public
  • Flat open expected as markets tread water

    The XJO is expected to edge higher on open this morning following a similar move in the U.S overnight and their flat futures this morning. It felt like our market was dragged higher kicking and screaming yesterday by positive U.S futures which heralded a stronger night than what ended up being delivered. They managed to

    Read More
    Public
  • US strength to help XJO start the week in the green

    The XJO is expected to edge higher on open this morning following a rebound in the U.S on Friday. Their futures are also in the green. On Friday, we practically managed to hold 7,600 key support. U.S futures were in the green during that session, which is what likely helped keep our market from tumbling

    Read More
    Public
  • XJO to open back around 7,600 after CPI concerns and with US markets stalling

    The XJO is expected to open lower this morning following a tumultuous night of trading in the U.S which saw their market retake intraday losses to finish slightly lower. Their futures are in the green. We should open near 7,600, about one per cent lower. This is likely on the back of unease in the

    Read More
    Public
  • US markets rebound, XJO to open higher

    The XJO is expected to open higher once again following a continued rally in the U.S overnight. Their futures are flat. Yesterday we crept higher and managed to hold onto our gains into the close. We should flirt with both key resistance at 7,700 and the 50 day MA today. This means that our market

    Read More
    Public
  • US markets finally finish higher after terrible run, XJO to rise

    The XJO is expected to open higher once gain this morning following a rebound in the U.S overnight. Their futures are flat. Yesterday we managed to lead the U.S with our own rally which pushed as back above 7,600 to test 7,650. Though, we were bolstered by positive U.S futures throughout our session – so

    Read More
    Public
  • US sees tech selling, XJO to start the week higher

    The XJO is expected to open higher this morning despite a continued selldown in the U.S on Friday. Their futures have moved into the green. During our session on Friday, U.S futures smashed heavily into the red following an attack on Iran by Israel. The previous night, a Fed member also made hawkish comments on

    Read More
    Public
  • US markets lower again, but strong iron ore to help XJO higher on open

    The XJO is expected to open lower this morning following another night of selling in the U.S, which saw their market once again shed their early session gains to finish marginally in the red. Their futures have edged into the green. During our past couple of sessions, U.S futures have heralded a rebound, but they

    Read More
    Public
  • US markets lower again, but strong iron ore to help XJO higher on open

    The XJO is expected to edge higher on open this morning despite continued falls in the U.S. overnight. Their futures have edged into the green. Our positive open is likely thanks to our two largest sectors, financials and materials, being in a good position to hold. The financials were up in the U.S overnight, and

    Read More
    Public
  • US markets mostly stable as Powell less dovish

    The XJO is expected to edge lower on open this morning after the U.S stalled overnight. Their futures have moved into the green. Yesterday our market seemed to fall out of nowhere, as volatility returned with a gusto following strong retail sales numbers from the U.S the previous night. We smashed through support at 7,700

    Read More
    Public
  • US markets continue lower as rate cut hopes dashed

    The XJO is expected to open lower this morning following continued selling in the U.S overnight. Their futures are flat this morning. Yesterday we managed to hold 7,750 support, likely bolstered by positive U.S futures throughout session. However, U.S retail sales came in stronger than expected, strengthening the creeping fear that rate cuts are at

    Read More
    Public
  • US falls on inflation worries, XJO to open lower

    The XJO is expected to open lower this morning following a sell down in the U.S on Friday. Their futures are in the green this morning which may explain why we aren’t opening further down. We should open near 7,750, which is the key support we have flirted with both recently and over the past

    Read More
    Public
  • US shares reverse most of their CPI losses, XJO expected slightly lower

    The XJO is expected to edge lower on open this morning despite a strong rebound in the U.S overnight. Their market managed to hold support, and reverse most of the previous session’s losses. Their futures are also mildly in the green. Our market is expected to open near 7,800, which seems to be a popular

    Read More
    Public
  • US CPI stronger than expected, markets move lower

    The XJO is expected to open lower this morning following a strong pullback in the U.S overnight. Their falls are likely attributed to a stronger than expected CPI reading, which indicates that rate cuts are likely to be pushed further out. U.S futures are also in the red and if they remain so during our

    Read More
    Public
  • US markets flat again ahead of key CPI reading

    The XJO is expected to edge higher on open this morning following a U.S session which was mostly down but managed to crawl back intraday losses to finish marginally in the green. Their futures have also edged into the green. We should open testing 7,850 resistance, though it is hard to suggest we will break

    Read More
    Public
  • US markets close flat, XJO to rise as iron ore rebounds

    The XJO is expected to open higher this morning despite a flat session in the U.S overnight. Their futures are also flat. Our expected positive open may be due to a strong move higher in iron ore yesterday, with the iron ore miners rising sharply in the US. Yesterday we meekly priced in some of

    Read More
    Public
  • US shares rebound with strong jobs data, XJO to rise on open

    The XJO is expected to rally on open this morning following a strong rebound in the U.S on Friday which saw their market move back above their key support. Their futures are also in the green. On Friday we managed to retake almost half of the intraday losses by close as we rebounded off key

    Read More
    Public
  • US shares mostly higher despite late selling, XJO to rise

    The XJO is expected to open higher this morning following a recovery in the U.S which saw their market rebound from support and their underlying uptrend line. Our market should open just above 7,800. Like the U.S, we are also bouncing from key support at 7,750 which we stalled at yesterday. With U.S futures being

    Read More
    Public
  • Markets drift lower on little news

    The XJO is expected to edge lower on open this morning following a pullback in the U.S overnight. Our market remains overbought in the short-term, and a move like last night should lead to selling, however at this stage our market looks resilient. This may be due to a combination of flat U.S futures, and

    Read More
    Public
  • Flat open expected after US markets rise on Thursday but fall overnight

    The XJO is expected to open flat this morning following the easter long weekend. The U.S were fairly flat on Thursday and Monday night as their market continues to track sideward into their underlying uptrend line. We made fresh highs during our last session on Thursday. We managed to hold onto the gains, finishing near

    Read More
    Public
  • US markets return to all-time high, XJO likely to open at record

    The XJO is expected to open higher this morning following a renewed rally in the U.S overnight. Their futures have dipped into the red however, and if they remain so during our session, we could see an intraday pullback from our highs. We should retest all-time highs at roughly 7,850 on open. We may have

    Read More
    Public
  • US markets continue to drift, relatively flat open expected

    The XJO is expected to edge lower on open this morning following a small pullback in the U.S overnight. Their futures have edged into the green. Our market pulled back yesterday to test the short-term uptrend line and this morning we should test it again. With U.S futures in the green, we may continue to

    Read More
    Public
  • XJO futures lower after US markets slightly lower for the second session

    The XJO is expected to open lower this morning following another small pullback in the U.S overnight. Their futures have edged into the green. Yesterday we reached all-time high resistance at roughly 7,850 and then pulled back intraday to give up almost half the day’s gains – keeping in step with the general indecisive movements

    Read More
    Public
  • XJO to drift higher on open after US shares take a breather on Friday

    The XJO is expected to edge higher on open this morning following a mixed and uneventful night of trading in the U.S on Friday. Their futures are flat. We crawled back most of our intraday losses on Friday, to finish marginally in the red. We bounced off key support at roughly 7,750 as well as

    Read More
    Public
  • XJO to open slightly lower after US shares give up much of their gains

    The XJO is expected to edge lower on open this morning despite a continued rally in the U.S overnight. Their futures are flat. As to be expected, yesterday’s momentum will likely die down back into meek and indecisive movement. Despite the underlying uptrend still likely in play, our market looks set to continue trading sideward

    Read More
    Public
  • FED retains dovish stance and markets rise

    The XJO is expected to rally on open this morning following a surge higher in the U.S overnight. Their futures are flat. The Fed maintained a dovish tone, fueling further gains overseas, and at this stage our market is happy to follow along. We should flirt with 7,750 on open this morning as we did

    Read More
    Public
  • US shares trade back to highs ahead of key Fed meeting

    The XJO is expected to edge higher on open this morning following a rally in the U.S overnight which saw their market return back to all-time high resistance. Yesterday we managed to crawl higher, but we arguably held resistance at roughly 7,700. This morning we should clear it, albeit meekly. We continue to trade in

    Read More
    Public
  • XJO to open flat after US markets give up much of their overnight gains

    The XJO is expected to open flat this morning despite a rally in the U.S overnight. Their futures are flat. Yesterday we were also flat as we grinded along resistance near 7,700. Our market continues to trade in a fashion where we get one or two days of volatility, which is immediately met with meek

    Read More
    Public
  • XJO to open slightly lower after Friday’s craziness

    The XJO is expected to open flat this morning. U.S futures are also flat at this stage. The U.S pulled back on Friday night, but our market had already gone through the mill during our Friday session. We sold off for much of the day but bounced off both 7,600 key support and the 50

    Read More
    Public
  • XJO to fall on open after further strong US price data

    The XJO is expected to open lower this morning following a pullback in the U.S overnight. Their futures have also edged into the red. We should open near 7,650, breaking through support near 7,700. This would also break the uptrend line we have traded on since the rally began back in October. 7,600 is the

    Read More
    Public
  • US markets mostly lower, XJO to rise on open

    The XJO is expected to edge higher on open this morning following a flat night in the U.S. Their futures have edged into the green this morning. As expected, markets have continued trading in a way where we see one or two sessions of volatility, followed by rather lackluster sessions of sideward movement. This ultimately

    Read More
    Public
  • US markets rise despite lift in CPI, XJO to open higher

    The XJO is expected to edge higher on open this morning following a strong rally in the U.S overnight. Their futures are flat this morning. Most of their rally was in tech, which is not as well represented in our market, and with a lamenting materials sector we will not likely rally to the same

    Read More
    Public
  • Markets stabilise as they await important CPI reading

    The XJO is expected to edge higher on open this morning. The U.S finished close to flat after rebounding intraday from their lows. Our market sold off quite heavily yesterday, and so with the U.S holding overnight, we should claw back some of the extended losses. U.S futures are also mildly in the green. Yesterday

    Read More
    Public
  • US shares reverse from all-time highs, XJO to open lower

    The XJO is expected to open lower this morning following a pullback in the U.S on Friday. Their futures have edged into the red this morning. We managed to break higher on Friday and make fresh highs once again, however, as usual, our new heights are being met with selling. The market remains indecisive and

    Read More
    Public
  • Powell suggest that rate cuts are getting closer, markets continue higher

    The XJO is expected to rally on open this morning following a rebound overnight in the U.S. Their futures are flat this morning. Recently we have been leading the U.S. Yesterday we rebounded from key support at roughly 7,700, and roughly where the uptrend line comes in. The U.S overnight followed suit. GDP data came

    Read More
    Public
  • US shares close higher, XJO to rise back towards highs

    The XJO is expected to rally on open this morning following a rebound overnight in the U.S. Their futures are flat this morning. Recently we have been leading the U.S. Yesterday we rebounded from key support at roughly 7,700, and roughly where the uptrend line comes in. The U.S overnight followed suit. GDP data came

    Read More
    Public
  • US shares fall back to the trend line, XJO to drift lower

    The XJO is expected to open flat this morning despite a strong pullback in the U.S overnight. Yesterday we pulled back to form an evening star reversal pattern. We also led the U.S, who followed us lower overnight, however their move was far more exaggerated. Our mute response to their pullback overnight, aside from us

    Read More
    Public
  • Shares drift lower from all-time highs

    The XJO is expected to open lower this morning following an intraday retracement in the U.S overnight, which saw their market finish marginally in the red. Their futures have also moved into the red, and if they remain so during our session today, expect the opening losses to extend. It seems over the past couple

    Read More
    Public
  • Shares at their highest ever levels

    The XJO is expected to edge higher on open this morning. On Friday we broke higher, making fresh all-time highs. The U.S followed suit in their session Friday night and their futures are flat this morning. Their market has consistently dog-legged higher, so it is good to see our market finally have the courage to

    Read More
    Public
  • Markets back to all-time highs

    The XJO is expected to open flat this morning following a small rebound in the U.S overnight. Their futures have edged into the green. Yesterday we managed to reach key resistance at roughly at 7,700 and stalled. With the U.S continuing its sideward march overnight, our market likely feels reluctant to push through and make

    Read More
    Public
  • US markets drift lower with inflation concerns, XJO to open lower

    The XJO is expected to open lower this morning. This follows a fairly flat night in the U.S, however their futures have moved well into the red this morning which will likely weigh on our market today. Yesterday was in step with the indecisive and low volatility environment we have been trading in for the

    Read More
    Public
  • Shares stable at the top of the range

    The XJO is expected to edge higher on open this morning following a small intraday recovery from the U.S overnight which saw their market finish marginally in the green. Their futures are flat. Our market continues to trade at the point of the pennant pattern. Yesterday we rebounded off the underlying uptrend line and managed

    Read More
    Public
  • Markets stall out around their peaks

    The XJO is expected to open flat this morning despite a small pullback in the in the U.S overnight. Their futures are flat this morning. We continue to trade in an ascending triangle, and possibly a pennant pattern. Yesterday we stalled at possibly a countertrend line. Regardless, the uptrend line comes in just above 7,600,

    Read More
    Public
  • US markets reverse early gains to close flat, flat open expected for Australian shares

    The XJO is expected to open flat this morning following an indecisive night of trading in the U.S which saw their market also finish flat. Their futures have edged into the red. We continue trading in our broad ascending triangle. The U.S managed to push through theirs late last week, thanks to a strong rally

    Read More
    Public
  • NVIDIA drives global markets higher

    The XJO is expected to rally on open this morning following a massive move higher in the U.S overnight which saw their market once again make fresh highs. Most of the rally was driven by NVDIA, so it is not reasonable to expect the same gains in our market. We should open near 7,650 and

    Read More
    Public
  • Futures flat, but NVIDIA shines aftermarket

    The XJO is expected to open flat this morning, following a U.S market that managed to rally from their lows to finish marginally in the green. Their futures have also moved into the green this morning. The U.S looks like it is willing to hold their underlying uptrend line by bouncing from it intraday last

    Read More
    Public
  • Iron ore falls strongly, likely dragging XJO

    The XJO is expected to edge lower on open this morning. Yesterday, U.S futures heralded a stronger pullback which our market was skeptical to start pricing in and we managed to hold flat in the face of it. It seems we were vindicated, with the U.S overnight managing to claw back almost half of the

    Read More
    Public
  • Flat open expected with US markets closed overnight

    The XJO is expected to open flat with no leads from a closed U.S market overnight. Yesterday we did very little as we continue to track near all-time high resistance at roughly 7,700. Today we should not expect much either. We continue to trade in an ascending triangle pattern, with the uptrend line coming in

    Read More
    Public
  • US shares pull back from all-time highs, XJO to open flat

    The XJO is expected to open flat this morning following a pullback in the U.S on Friday. U.S futures have moved into the red, and they are likely to drag us down if they remain so by market open. On Friday we pretty much moved back to our all-time high resistance and level and pulled

    Read More
    Public
  • Back to all-time highs?

    The XJO is expected to open higher this morning following another strong night of gains in the U.S. Their futures are flat. The U.S is unashamedly rising in the face of stronger than expected economic data, and we are being dragged kicking and screaming along with it. Our market recently has been skeptical of the

    Read More
    Public
  • Shares rebound as investors shrug-off negativity

    The XJO is expected to open higher this morning following a rebound in the U.S overnight. Their futures are flat this morning. The U.S quite clearly rebounded from their uptrend line and we are set to do the same this morning. Yesterday we heralded the rebound, as we retook roughly half the intraday losses into

    Read More
    Public
  • Shares fall as stronger inflation data pushes out rate cut timetable

    The XJO is expected to open lower this morning following a pullback in the U.S overnight. Their CPI came in stronger than expected and though their reaction last night was visceral, they managed to retake some intraday losses into the close whilst rebounding from their uptrend line. Furthermore, their futures are flat this morning, rather

    Read More
    Public
  • Shares mixed, but mostly flat

    The XJO is expected to edge higher on open this morning despite a small pullback in the U.S overnight. Their futures have also edged into the red. The sidewards consolidation continues as we track around 6,950. Key support remains 7,550, and key resistance remains roughly 7,700. It seems markets are quiet heading into the CPI

    Read More
    Public
  • US shares continue higher, XJO expected to open flat

    The XJO is expected to open flat this morning, despite a small rally in the U.S on Friday. Their futures have edged into the red. Despite the continued strength in the U.S, our market is simply consolidating at the top of the range. Why, could come down to a few different things, but wholistically, our

    Read More
    Public
  • SP500 approaches 5,000, XJO futures flat

    The XJO is expected to edge higher on open this morning despite a continued rally higher in the U.S which saw their market make another set of fresh highs. We could see their strength flow into our market by the time it opens, however we remain tentative as we continue to trade near the top

    Read More
    Public
  • US shares hold near their highs, XJO likely to rebound on open

    The XJO is expected to open higher this morning following a small rise in the U.S overnight. We are expected to open near 7,650, retaking much of the past couple of days losses. The recent sell down we have seen was pre-emptive, and largely led by the materials. With the U.S once again tracking sidewards

    Read More
    Public
  • Shares drift lower, RBA to come

    The XJO is expected to edge lower on open this morning following a small pullback in the U.S overnight. Their futures are flat this morning. Yesterday we pulled back and held on to most of the day’s losses into the close. This morning, we should open near 7,600, and retest the lows of yesterday. We

    Read More
    Public
  • US markets driven higher by Facebook and Amazon, but XJO to open lower

    The XJO is expected to fall this morning despite a continued rally in the U.S on Friday which saw their market make fresh all-time highs. We should give up most of Friday’s gains, opening near 7,600. Our market is likely nervous heading into the RBA meeting tomorrow. Rates are expected to remain on hold, but

    Read More
    Public
  • US markets retract most of Fed driven losses, XJO to rebound

    The XJO is expected to open higher this morning following a strong recovery in the U.S overnight. Their futures are mixed this morning. Well, the pullback was short-lived. What was roughly eight days of straight gains in a tremendous run higher, has been met with only a pause for now. We of course could see

    Read More
    Public
  • Fed pushes out rate cut timetable, XJO to move lower

    The XJO is expected to open lower this morning following a strong pullback I the U.S overnight. Their futures have edged into the green. The U.S reacted poorly to the Fed meeting last night and will drag us down with them this morning. Our market managed to just squeeze fresh highs yesterday, and as usual,

    Read More
    Public
  • US markets stall as prices look expensive

    The XJO is expected to open lower this morning following a night of very little movement in the U.S overnight. Their futures have edged into the red, so it seems likely that their market is tentative heading into the Fed meeting tonight. Our market yesterday bounced intraday from our all-time resistance level, giving up roughly

    Read More
    Public
  • US shares keep jumping higher, dragging Australian shares with them

    The XJO is expected to open higher on open this morning following a renewed rally in the U.S overnight. We should open near 7,630 – right on our key level of resistance and practically at our all-time highs. U.S futures have moved into the red this morning, so it seems unlikely we will have the

    Read More
    Public
  • US shares continue to grind along all-time high, Australian shares to start the week higher

    Our market has found some optimism lying around over the extended weekend as we are expected to open near 7,600 despite a fairly flat U.S. It seems we are still happy to play catch up, with 7,600 only a stone’s throw away from retesting our all-time high resistance level. U.S futures have edged into the

    Read More
    Public
  • US shares higher again but reverse most of the gains, XJO to rise

    The XJO is expected to edge higher on open this morning following a tumultuous night of trading in the U.S which saw their market give up their intraday day gains to finish flat. Their futures have edged into the green which is likely giving our market the confidence it needs to continue holding ground. Yesterday

    Read More
    Public
  • US shares eke out another gain, XJO to open slightly higher

    The XJO is expected to open higher once again this morning with the U.S showing overnight that they are happy to hold gains after making fresh all-time highs recently. Their futures are flat. Optimism has clearly returned to our market, with three days in a row of decent rallies. With our expected green open once

    Read More
    Public
  • US shares higher but unable to maintain intra-day peaks, XJO to open flat

    The XJO is expected to open flat this morning following a meek rise in the U.S which saw their market give up most of their early session gains into the close. Their futures have edged into the red this morning, and if they remain so during our session, our market will struggle to hold ground

    Read More
    Public
  • US markets break into all-time highs

    The XJO is expected to open higher this morning following a strong rally in the U.S on Friday which saw their market make fresh all-time highs. Their futures are flat this morning. The rally in the U.S was largely led by big tech, which is not as represented in our market. We are expected to

    Read More
    Public
  • Buying to return as continued US strength holds markets higher

    The XJO is expected to open higher this morning following a bullish night in the U.S which saw their market return near their all-time highs. Their futures are flat this morning. Yesterday we managed to retake about a third of our opening losses, to settled on the key support at about 7,350. We are set

    Read More
    Public
  • Shares continue to move lower as investors start to worry about expected March rate cut

    The XJO is expected to open lower again this morning following a pullback in the U.S overnight. Once again, their market managed to retake much of the intraday losses, however our market is looking for any excuse to sell at the moment. It is becoming clear that a short-term countertrend has formed since our peak

    Read More
    Public
  • XJO to open flat as US worries about the likelihood of a March rate cut

    The XJO is expected to open flat this morning following another indecisive night of trading in the U.S which saw their market retake intraday losses to finish mildly in the red. Their futures are flat. Yesterday our market broke support at around 7,450, driven lower by negative U.S futures. We settled on roughly 7,400 key

    Read More
    Public
  • XJO to fall with US markets closed

    The XJO is expected to open lower this morning. The U.S was closed overnight. Yesterday we had basically the same session as Friday. We retook intraday losses to finish mildly in the red as we continued the sidewards march of consolidation. This morning we are expected to retest support around 7,480. With U.S futures remaining

    Read More
    Public
  • US shares test resistance, XJO to open flat

    The XJO is expected to edge higher on open this morning following another indecisive night of trading in the U.S which saw their market continue to flirt with resistance and close fairly flat. We should open near 7,500, in step with the sideward consolidation we have seen for all of last week. U.S futures are

    Read More
    Public
  • Stronger than expected US CPI reading triggers whippy session for shares

    The XJO is expected to open mildly lower this morning following a tumultuous night of trading in the U.S which saw their market retake earlier session losses to finish slightly in the red. Their futures are also slightly in the red. U.S CPI came out this morning. The reaction was rather mixed, with the general

    Read More
    Public
  • Shares to drift higher despite weakness in iron ore

    The XJO is expected to edge higher on open this morning following a move higher in the U.S overnight. Their futures are flat. Our market is clearly tentative heading into the U.S CPI reading. Their market has returned back to all-time high territory and flirted with the key level of resistance last night. However our

    Read More
    Public
  • Shares see a small pullback ahead of CPI readings

    The XJO is expected to edge lower on open this morning. This follows a U.S session which saw their market retake earlier session losses to finish marginally lower. Their futures have also edged into the red. Our market didn’t not rally as much as we would have hoped yesterday, despite the strong leads from the

    Read More
    Public
  • US shares show unbelievable strength as bond yields and inflation expectations fall

    The XJO is expected to open higher this morning following renewed buying in the U.S overnight, which saw them return to being within arms reach of their all-time highs. Their futures are flat. Our market yesterday broke lower, perhaps anticipating a continued fall in the U.S. We are on the tail end of the holiday

    Read More
    Public
  • Strong US jobs report leads to questions around expected rate cut timetable

    The XJO is expected to open flat this morning, following another night of indecisive trading in the U.S on Friday. Their futures have edged into the red. Ultimately it seems markets are consolidating as they grind along their key supports. For the U.S, that level is roughly 4,700. For the us, that level is roughly

    Read More
    Public
  • ASX to edge lower, Japan prepares for first interest rate rise since 2007

    The XJO is expected to edge lower on open this morning following a flat night of trading in the U.S. Their futures are also flat. Our expected pullback this morning is likely chalked up to a handful of factors. Firstly, like the U.S, we are holding the key resistance that represents our all-time highs (which

    Read More
    Public
  • Shares rebound, retracing some of the prior sessions’ losses

    The XJO is expected to edge higher on open this morning following a small turn around in the U.S last night which saw their market retake much of the previous session’s losses. Their futures are flat. Yesterday we didn’t fall has as much as what our futures were posting this time yesterday morning. Indeed, by

    Read More
    Public
  • Profit taking and a pullback

    The XJO is expected to open lower this morning following a strong pullback in the U.S overnight. Their futures are flat. The inevitable pullback happened last night in no uncertain terms. It is hard to suggest this is the result of anything serious or a genuine change in trend, but rather some well overdue profit

    Read More
    Public
  • Grind higher continues

    The XJO is expected to edge higher on open this morning following renewed buying in the U.S overnight. Their futures are flat. Yesterday we managed to crawl back most our opening losses to finish marginally flat. We were likely driven by positive U.S futures that moved higher through our session, heralding the renewed buying we

    Read More
    Public
  • Australian market to pull back after recent stellar run

    The XJO is expected to open lower this morning following a small pullback in the U.S on Friday. Their futures are flat this morning. The U.S is starting to show a slowdown or consolidation after it dog-legged higher recently to be within arms reach of their all-time highs. Our market, which had finally decided to

    Read More
    Public
  • All time highs in sights?

    The XJO is expected to rally once again on open this morning following an indecisive night in the U.S. Their futures have edged into the red. Our expected open is near key resistance at roughly 7,450 which we seem likely we test today. Our strength despite the U.S, is likely us simply playing catchup since

    Read More
    Public
  • Fed sees three rate cuts in 2024

    The XJO is expected to open higher this morning following a strong rally in the U.S overnight. Their futures are flat this morning. The U.S has obviously interpreted the news surrounding next year’s guidance on monetary policy extraordinary well and their positivity should directly flow into our market. We should open near 7,350 resistance, but

    Read More
    Public
  • Shares rise despite mixed US CPI

    The XJO is expected to open flat this morning despite a continued rally in the U.S overnight. Their futures have also edged into the green. Yesterday we managed to price in their gains despite a meek open, so it could be reasonable to expect the same today. However, we may simply track sidewards or even

    Read More
    Public
  • Slow grind higher ahead of US CPI, Fed meeting

    The XJO is expected to open higher this morning following a continued rally in the U.S overnight and their positive futures this morning. Yesterday our cowardly market was unable to hold onto the opening gains, finishing only marginally higher. It was good to see that we tried to push through 7,200, and this morning we

    Read More
    Public
  • Australian shares facing slightly lower open despite continued US strength

    The XJO is expected to edge lower on open this morning despite a small rise from the U.S overnight. Our meek open may be put down to a few reasons. Firstly, U.S futures have edged into the red. Secondly, we managed to hold our gains yesterday despite a pullback in the U.S the night before,

    Read More
    Public
  • US markets fail at resistance, XJO to open lower

    The XJO is expected to open lower this morning after a tumultuous night of trading in the U.S overnight. Their futures have edged into the green. Our market isn’t likely to be inspired today as the U.S quite clearly rebounded intraday from both their key resistance and yearly highs overnight to finish marginally in the

    Read More
    Public
  • Bond yields continue to fall as markets convinced on peak rates

    The XJO is expected to open higher this morning following a small rebound in the U.S overnight as they continue to track sidewards at the top of the range. Their futures have edged into the red however. Yesterday was a dismal showing for our market as we fled back to the safety of roughly 7,050.

    Read More
    Public
  • Australian shares to pull back after US selling, RBA to come

    The XJO is expected to open lower this morning following a pullback in the U.S overnight as they settled back into their consolidation range. Their move last Friday was a false break higher and our market feels uncomfortable holding yesterday’s gains in the wake of their return to indecision. Their futures are also flat giving

    Read More
    Public
  • Markets continue to push higher as Powell signals peak rates

    The XJO is expected to open higher this morning following a strong night in the U.S on Friday. Their futures have also edged into the green. Over the past few sessions our market has been meekly rising, with Thursday’s strong day breaking the flag pattern (signalled by the break of the short-term descending channel). We

    Read More
    Public
  • US markets see late drive higher, XJO to open flat

    The XJO is expected to open flat this morning following a continued move sideward from the U.S overnight. Their market finished marginally higher, and their futures are flat this morning. Yesterday we had a moment of uncharacteristic clarity as we extended the previous sessions’ gains with a strong move higher. The cause for the vigour

    Read More
    Public
  • Markets flatten out as they await the next move

    The XJO is expected to edge higher on open this morning despite a small pullback in the U.S overnight. Their futures this morning are pointing higher, likely giving our market some confidence to extend the past couple of sessions’ meek gains. We continue to trade in the short descending channel that could be part of

    Read More
    Public
  • XJO to grind higher after continued US strength

    The XJO is expected edge higher on open this morning following another lacklustre night in the U.S which saw their market finish marginally higher. Their futures are also flat as the they continue to track sideward near their all-time highs. We managed to retake some losses yesterday, but gave up roughly half our intraday gains

    Read More
    Public
  • Flat open expected after yesterday’s selling, retail sales to come

    The XJO is expected to open flat this morning following another lacklustre night of trading in the U.S which saw their market finish marginally lower. Their futures are also flat. Yesterday we pulled back, helped largely by negative U.S futures that heralded a stronger pullback than what was actually produced last night. We may feel

    Read More
    Public
  • Another small drift higher expected on open

    The XJO is expected to edge higher on open this morning, continuing the tight consolidation as we wait for further leads from the U.S who seem to be stalling near their all-time highs. Certainly, the U.S looks ready for a spat of profit taking, with of course the real possibility of new highs being set

    Read More
    Public
  • Australian shares to drift higher on open after US markets closed for Thanksgiving

    The XJO is expected to edge higher on open this morning in what is expected to be another lacklustre day of trading. The U.S was closed overnight due to thanksgiving. Their futures closed flat, and they remain flat this morning. All of which provides no leads for our market. Yesterday we sold off to roughly

    Read More
    Public
  • Australian market to open lower after US shares struggle to hold highs

    The XJO is expected to edge lower on open this morning despite a small rally in the U.S overnight. Their futures are flat, and so it is sort of puzzling as to why our market is so reluctant to price in their gains. Aside from the clear cynical and meek attitude our market typically has,

    Read More
    Public
  • Shares stall but don’t fall

    The XJO is expected to edge lower on open this morning following a marginal pullback in the U.S overnight. Their futures sit flat. Technically our market looks like it is trading in a small ascending triangle. There is an uptrend line that has formed since the lows of roughly 6,750 and comes in roughly at

    Read More
    Public
  • US shares continue to grind higher, though Australian shares are reluctant to follow

    The XJO is expected to edge higher on open this morning despite the U.S renewing their buying with a strong bullish session to finish within a stone’s throw of their all-time high. Their futures are flat this morning. Much of the rally was driven by tech in the U.S, which is underrepresented in our market

    Read More
    Public
  • US shares flat again, XJO expected to do the same

    The XJO is expected to edge higher on open this morning following a second night of indecision in the U.S which saw their market finish marginally higher. Their futures are also meekly in the green. Our market pulled back yesterday, likely due to sticky unemployment numbers which our market would have preferred to see come

    Read More
    Public
  • Markets stall after the recent strong gains

    The XJO is expected to edge lower on open this morning following a flat night in the U.S which saw their market hold their key resistance. Weakness is also likely stemming from their negative futures this morning. Yesterday we had a strong rally to follow the U.S’s extraordinary break higher on Tuesday night. Their market

    Read More
    Public
  • Shares skyrocket higher after US CPI comes in lower than expected

    The XJO is expected to open higher this morning following an extraordinary move higher in the U.S overnight. Their move was largely on the back of a lower CPI reading that vindicated pundits whom believe the Fed tightening cycle is at an end. Their futures are also in the green. With the U.S crystalising their

    Read More
    Public
  • Prices continuing higher on peak rate hopes, XJO to jump

    The XJO is expected to open higher this morning following a flat US overnight. Their futures are also flat. The fact they held gains despite what their negative futures heralded yesterday is likely giving our market the confidence it needs to perhaps start pricing in their break higher on Friday. Our market held the consolidation

    Read More
    Public
  • Massive US rally from US on Friday, XJO futures modestly higher

    The XJO is expected to edge higher on open this morning following a strong move up in the U.S on Friday. Their futures are in the red this morning which may help explain our relative muted open despite their renewed confidence on Friday. We should retest 7,000 open, a level of resistance our market has

    Read More
    Public
  • Some selling creeps in after days of strong gains

    The XJO is expected to edge lower on open this morning following a sell-off in the U.S overnight. Their futures are flat this morning which at least would indicate that the selling hasn’t extended yet. Powell set the record straight overnight, pulling inline market pundits who have been buying up the U.S markets on the

    Read More
    Public
  • US markets stall, but don’t fall

    The XJO is expected to edge higher on open this morning following a U.S overnight that showed a continued willingness to hold their highs. Their futures are flat this morning. Markets are consolidating at the top of the range as they hold their highs but are unwilling to break through key resistance. Our market is

    Read More
    Public
  • Can our market shake off the rate rise?

    The XJO is expected to open flat this morning following another small rise in the U.S overnight. Yesterday the RBA raised the cash rate by 25 basis point from 4.1% to 4.35%. The statement was rather wishy-washy, but indicated that they feel we have seen peak inflation and that it would be likely unnecessary to

    Read More
    Public
  • US markets slow as Australian focus turns to RBA

    The XJO is expected to edge lower on open this morning despite a small rise in the U.S overnight. We are likely being cautious as we head into the pivotal RBA meeting today at 2:30pm (AEDT). In addition, U.S futures have edged into the red, and we are trading at resistance. Yesterday we failed at

    Read More
    Public
  • Optimism around peak rates continues

    The XJO is expected to edge higher on open this morning following a continued rally in the U.S on Friday. Their futures have also edged into the green. The U.S is showing extraordinary strength, having rallied roughly six per cent over the past five sessions. On one hand, this instils confidence that the bulls have

    Read More
    Public
  • US shares jump strongly higher again as market bets on pivot

    The Australian market should open strongly higher again today after another big jump from US shares overnight. Our XJO futures are pointing to a rise of around 70 points on open, which should see us open not too far below the key 7,000 point level. All major sectors of the US markets rose strongly overnight,

    Read More
    Public
  • Is the Fed starting to ‘pivot’?

    The XJO is expected to open higher this morning after another strong night of gains in the U.S. Despite a cautionary tone from the Fed, their market rallied back to their 200 day MA following the interest rate decision to leave the cash rate on hold. Our market is finally set to share in some

    Read More
    Public
  • US shares higher again as European CPI returns to normal levels

    The XJO is expected to open higher this morning following a continued move higher in the U.S overnight. Yesterday we tried to follow them higher from their initial rebound on Monday night, however we seemed to just give up halfway through the day to give up virtually all the opening rally. Considering the negativity underpinning

    Read More
    Public
  • XJO to rise after US rebound

    The XJO is expected to open higher following a strong rebound in the U.S overnight. Their futures are flat this morning. The rebound is likely built simply on oversold conditions attracting bargain chasers, and so it is hard to suggest it will be anything but a relief rally with a finite life. We will test

    Read More
    Public
  • Markets lower again as Israel moves into Gaza

    The XJO is expected to open lower this morning following continued selling in the U.S on Friday. Their futures have also edged into the red. On Friday, our market showed uncharacteristic resilience despite U.S falls the previous night. There were a few underlying reasons, but one may have simply been an expectation that the U.S

    Read More
    Public
  • US markets push lower again, XJO to open fairly flat

    The XJO is expected to open flat this morning despite the U.S committing to the break lower and continuing their falls. Their futures have edged into the green, which may help prescribe some of the uncharacteristic resilience our market is showing this morning. It may also be because our market has led the falls, breaking

    Read More
    Public
  • Markets continue to look negative, with potentially more rate rises to come

    The XJO is expected to open lower this morning following a pullback in the U.S overnight. They managed to break lower and hold their lows, and their futures are marginally in the red. Our muted open is likely due to large portion of their selling coming from tech, which is not overly represented in our

    Read More
    Public
  • Very important CPI reading ahead

    The XJO is expected to open marginally higher despite a strong bounce from key support in the U.S last night. Their futures are flat, which may help explain our muted open, but it is more likely that our market is simply being cautious heading into the CPI reading today. Our market has also been rather

    Read More
    Public
  • US markets stabilise

    Our market is set to pause its falls on open this morning following an indecisive night of trading in the U.S last night. Their futures have edged into the green, and they managed to rebound from their lows and continue holding 4,200. Our market yesterday continued lower, breaking the yearly lows at roughly 6,900 and

    Read More
    Public
  • Pain continues for markets

    The XJO is expected to open lower this morning following another night of selling in the U.S on Friday. Their futures are also slightly in the red. Our market fell to key support at roughly 6,900 on Friday and held. This level is roughly our yearly lows and represent the bottom of the broad trading

    Read More
    Public
  • Shares continue lower move after Powell comments

    The XJO is expected to continue its decent today following another night of selling in the U.S overnight. Their futures have also edged into the red. Bond yield have been rallying the past couple of days, fuelled likely by the conflict in Israel, but mostly by Powell delivering a hawkish address last night. “Inflation is

    Read More
    Public
  • Shares fall strongly as bond yields rocket higher, Australian unemployment to come

    The XJO is expected to open lower this morning following a decent pullback in the U.S overnight which saw their market break their key support. Their futures have edged into the green which at least gives some indication that the selling has not persisted. We should open near 7,000 support, which is roughly the bottom

    Read More
    Public
  • US shares retrace losses, Australian share to open (slightly) higher

    The XJO is expected to edge higher on open this morning following the U.S last night which saw their market retake early session losses to finish flat. U.S futures are also in the red. Yesterday we gave up early session gains, rebounding off 7,100 resistance intraday. This morning we will retest these levels which come

    Read More
    Public
  • Australian market to rebound after US strength

    The XJO is expected to open higher this morning following a rally in the U.S overnight. Their futures also sit mildly in the green. Yesterday we pulled back to our lows from Friday’s session, roughly retesting near the key 7,000 level. This morning we should bounce back with an expected open near 7,070. 7,080 to

    Read More
    Public
  • Markets nervous with tensions in the Middle East

    The XJO is expected to open lower this morning following a small pullback from the U.S on Friday. We may retest 7,000 this morning, which we almost bounced from intraday on Friday, and has historically been a key level of support. This will break the short-term uptrend line that had formed over the course of

    Read More
    Public
  • US CPI higher than expected, breaking bullish momentum

    The XJO is expected to open lower this morning following a pullback in the U.S overnight on the back of a marginal unexpected rise in their headline inflation. They pulled back to their key support and managed to rebound from it intraday to retake some losses into the close. However they are also forming a

    Read More
    Public
  • Momentum slows ahead of key CPI reading

    The XJO is expected to edge higher on open this morning following a similar move from the U.S overnight. Their market rebounded from their intraday lows to finish marginally in the green. With their futures also marginally in the green, our market will likely have a similar day. With U.S CPI tonight, markets are pausing.

    Read More
    Public
  • Markets continue to rise as investors once again price in US rate peak

    The XJO is expected to open higher this morning following another night of gains in the U.S. Their futures have edged into the red. Yesterday we stalled at 7,050 after a strong day of buying that persisted through much of the day. With the U.S holding its gains, our market wanted to catch up and

    Read More
    Public
  • US markets shake off fear to close higher

    The XJO is expected to open higher this morning following a tumultuous night of trading in the U.S which saw their market close firmly in the green. Our market is expected to test 7,000 on open this morning. Our meek rise can likely be attributed to both being nervous in the current climate, and that

    Read More
    Public
  • Markets power higher after US unemployment rises

    The XJO is expected to once again open higher this morning , following one of the strongest rallies we have seen in the past year from the U.S on Friday night. Their market clearly rebounded off both key support at 4,200 and the 200 day MA, and broke the short-term downtrend line. The upswell of

    Read More
    Public
  • US shares close flat, retail sales ahead

    The XJO is expected to open flat this morning following a flat finish in the U.S. Their futures have edged into the red. Markets have stalled at key levels. It was positive to see that 4,200 and the 200 day MA held in the U.S overnight. Indeed, their market rebounded off it in intraday to

    Read More
    Public
  • US shares rebound modestly, XJO to follow

    The XJO is expected to open higher this morning following a rebound from key support in the U.S overnight. Their futures however have dipped into the red, which is likely dampening the enthusiasm of this morning’s open. Keep in mind that U.S futures during our sessions this week have been telling fibs, with overnight trading

    Read More
    Public
  • Markets continue to fall as bond yields rocket higher

    The XJO is expected to continue lower this morning following a pullback in the U.S last night and their negative futures this morning.

    Read More
    Public
  • Australian market to plummet on open despite relative US stability

    The XJO is expected to open lower this morning. Most U.S sectors were down – it was only tech that really helped their market finish flat which doesn’t have nearly as much weight locally. Furthermore, yesterday our market was hopeful for a relief rally in the U.S, heralded by their strong futures during our session,

    Read More
    Public
  • Uncertain open for Australian market as US government reaches temporary funding deal

    The XJO is expected to edge lower on open this morning following a small pullback in the U.S on Friday. Their futures sit marginally in the green. Markets remain indecisive. Last week, most of our sessions were dojis, where we whipsawed intraday to both shed gains and retake losses. Roughly 7,000 and 7,080 marks the

    Read More
    Public
  • US markets reverse early selling to close flat

    The XJO is expected to edge lower on open this morning following a mixed night of trading in the U.S which saw their market retake intraday losses to finish fairly flat. Their futures are also flat.

    Read More
    Public
  • Further US selling as markets continue to reel from the Fed

    The XJO is expected to open lower this morning following renewed selling in the U.S overnight which saw their market commit to the break lower. Their futures have edged into the green however. We should open near 7,000. If U.S futures remain positive during our session, it seems very likely we hold 6,950 to 7,000

    Read More
    Public
  • Another flat open expected as US markets end bearish streak

    The XJO is expected to open flat this morning following a small recovery in the U.S overnight that saw them willing to hold their key support at the bottom of their range. Their futures are flat. Markets are unsure. The past couple of sessions have seen our market retake intraday lows to finish marginally in

    Read More
    Public
  • Flat open expected after last week’s craziness

    The XJO is expected to edge lower on open this morning. The U.S on Friday continued their descent lower, however their futures are in the green. Friday was, frankly, a weird day of trading. We opened the session over 100 points lower, however we had a very clear and aggressive intraday bounce to retake all

    Read More
    Public
  • Another significantly lower open expected as FED fallout continues

    The XJO is expected to open lower this morning following extend falls in the U.S overnight. Their futures are flat. Our expected open is just below 7,000. 6,900 is roughly the lowest our market has traded at since late 2022. 7,000 and 6,950 are both key levels of support. With today’s move it is hard

    Read More
    Public
  • Fed keeps rates on hold but signals another rise in future

    The XJO is expected to edge lower on open this morning following a selldown in the U.S overnight. The negativity heading into their close was largely brought about by the Fed’s future guidance update on monetary policy. We sold off yesterday in anticipation of a negative reaction from the U.S. Coupled with the past few

    Read More
    Public
  • Shares trade nervously ahead of the Fed

    The XJO is expected to edge lower on open this morning following slight pullback in the U.S overnight and their flat futures this morning. Yesterday our market continued the selldown, settling on 7,200 key support. This largely reflects the U.S as both markets are being cautious heading into the Fed rate decision tonight. The Fed

    Read More
    Public
  • Shares treading water ahead of European CPI, Fed meeting

    US shares closed flat overnight, with each of the three major indices managing to record a small gain. It was a quiet night without any major news or announcements, prices did initially trade lower but they recovered to finish slightly higher. Investors seem a bit nervous ahead of the Federal Reserve meeting on Wednesday night,

    Read More
    Public
  • Uncertainty remains as XJO to start the week lower

    The XJO is expected to open lower this morning following a strong pullback in the U.S on Friday. As of writing, our futures have us retreating once again to the comfort of the convergence of the key moving averages, which come in at roughly 7,250. U.S futures are mildly in the green, which at least

    Read More
    Public
  • Share prices jump as investors bet on interest rate peak

    The XJO is expected to open higher this morning following a strong rally in the U.S overnight and their slightly positive futures. We should break the recent consolidation range on open, pushing through 7,200. At time of writing, our expected open is near 7,270, which is just above where the key MAs have converged at

    Read More
    Public
  • Markets flat despite stronger CPI reading

    The XJO is expected to open flat this morning following a meek rise in the U.S overnight. Their futures have edged into the green. We were expecting more of a reaction from the U.S last night considering their CPI numbers came in slightly higher than expected overall. Our hunch is they will have a delayed

    Read More
    Public
  • XJO to dip back below 7,200 after US selling

    The XJO is expected to edge lower on open this morning, following a small pullback in the U.S overnight. Their futures sit flat. Yesterday we managed to retake intraday losses to finish slightly in the green. Both the XJO and the U.S are consolidating sidewards with indecisive trading as we head into the U.S CPI

    Read More
    Public
  • XJO to open moderately higher after US gains

    The XJO is expected to edge higher on open this morning. The U.S had a decent move higher overnight, but we led them yesterday with our own relatively strong move. With U.S CPI on Wednesday night, coupled with flat to negative U.S futures this morning, our market is likely not committing either way for now.

    Read More
    Public
  • XJO to fall as US markets continue bearish move

    The XJO is expected to open lower this morning following a volatile night of trading in the U.S which saw their market retake almost half of the early session’s losses into the close. We should open near 7,200 support this morning. Whether we break through that support or not will likely come down to how

    Read More
    Public
  • Australian shares to pull back on open after moderate US selling

    The XJO is expected to edge lower on open this morning. U.S futures sit flat and they experienced a small pull back overnight. Markets are consolidating sidewards after their strong run last week, and today looks like we will continue to tow that line until at least the GDP reading at 11:30am (AEST). Yesterday we

    Read More
    Public
  • Slightly lower open expected ahead of RBA meeting

    The XJO is expected to edge lower on open this morning. The U.S was closed overnight. Their futures were fairly flat and they remain so this morning. Yesterday we managed to hold ground above key resistance/support at 7,300. We pretty much tested 7,350 resistance and rebounded from it intraday to give up roughly a third

    Read More
    Public
  • Australian market to open moderately higher ahead of tomorrow’s RBA meeting

    The XJO is expected to edge higher on open this morning. This follows an indecisive night of trading in the U.S on Friday, which saw their market try push through resistance but give up most of the intraday gains to finish only marginally in the green. U.S jobs data largely came in as how markets

    Read More
    Public
  • Australian market to open lower as US markets reverse intial gains

    The XJO is expected to open lower this morning following a small pullback in the U.S overnight. U.S futures are in the green this morning, but their move last night shows signs of an evening star reversal pattern and our market may start to price in expected profit taking. Yesterday we showed signs that the

    Read More
    Public
  • Weaker than expected US jobs openings gives markets hope on inflation

    The XJO is expected to open flat this morning despite both the U.S rallying last night and their marginally positive futures. Our muted open may be chalked up to our strong day yesterday pricing in their move last night which was indicated by their futures during our session. It may also simply be that our

    Read More
    Public
  • Weaker than expected US jobs openings gives markets hope on inflation

    The XJO is expected to rally on open following a strong night of buying in the U.S and their positive futures this morning. Yesterday we held our gains just above resistance at 7,200 and the downtrend line. And the U.S has just given us permission to follow through on the break. We should head straight

    Read More
    Public
  • US markets finish higher despite Fed tightening bias, XJO to open week stronger

    The XJO is expected to open higher this morning following a tumultuous night of trading in the U.S on Friday, which saw their market rebound intraday from their lows to finish in the green. The fact their big red day on Thursday night didn’t lead to extended selling is likely a large contributor to our

    Read More
    Public
  • Strong fall expected on open as Fed members suggest more rate rises

    The XJO is expected to open lower this morning following a strong bearish move from the U.S last night following jobs data and pre-Powell-speech-jitters. Our futures have us trading at key support at 7,100 at time of writing. U.S futures are in the green however, so hopefully we see some pressure relieved as market open

    Read More
    Public
  • XJO to rise as bond yields drift lower

    The XJO is expected to edge higher on open this morning following another strong move higher from the U.S last night which saw their market both hold their strength and break the short-term downtrend line. Their futures are flat. Yesterday we got a bit ahead of ourselves, likely spurred on by positive U.S futures during

    Read More
    Public
  • XJO to open moderately lower after US markets reverse initial gains

    The XJO is expected to edge lower on open this morning following a small pullback from the U.S last night. Our market is consolidating near the bottom of the range whilst it waits and sees how the U.S trades from here. Yesterday, we didn’t feel confident enough to price in their previous night’s gains. Instead,

    Read More
    Public
  • US shares close mostly higher, XJO to open slightly higher

    The XJO is expected to edge higher on open this morning following a strong rally in the U.S overnight which saw their market bounce from their key support at 4,330. However, their futures sit mildly in the red and much of the rally came from tech stocks. Yesterday we held our lows into the close

    Read More
    Public
  • Inflation, interest rates, and Chinese weakness

    The XJO is expected to edge lower on open this morning as weakness and uncertainty continues to underpin markets. The U.S on Friday finished flat, rebounding intraday from key support at roughly 4,330. This should translate to our own market in holding its key support at roughly 7,100. There is also a support at 7,150

    Read More
    Public
  • US markets sell further overnight on fears of further rate rises

    The XJO is expected to open lower once again this morning following another pullback in the U.S overnight. Their futures have also edged into the red. The break lower overseas has certainly been committed to and with no uncertainty as the U.S experienced their third day in a row of bearish movement overnight. Our market

    Read More
    Public
  • XJO to open lower again with inflation worries on investors’ minds

    The XJO is expected to open lower this morning following a pullback in the U.S overnight which saw their market commit to the break of their key support and hold their lows. Their futures have edged into the green however which at least indicates that selling has not snowballed at this stage. Yesterday we had

    Read More
    Public
  • XJO to slide as inflation worries reignite

    The XJO is expected to open lower this morning following a pullback in the U.S overnight. Their futures are flat. At this stage we are expected to open right on the 200 day MA which comes in at roughly 7,230, however as market open approaches this could change. Regardless we will trade near the convergence

    Read More
    Public
  • Continued US strength to support Australian market

    The XJO is expected to edge higher on open this morning following both a bullish night of trading in the U.S and their mildly positive futures this morning. Yesterday we sort of just gave up. It is hard to suggest what triggered the falls, but weakness in Asian markets and poor Chinese economic data likely

    Read More
    Public
  • XJO to open lower as US markets fall back to support

    The XJO is expected to edge lower on open this morning following another indecisive night of trading in the U.S on Friday which saw their market retake intraday losses to finish marginally lower. We should open near 7,320. Our next key level of support is at 7,280. At this stage it doesn’t seems like that

    Read More
    Public
  • US markets reverse initial gains, XJO to open lower

    The XJO is expected to open flat this morning following a tumultuous night of trading in the U.S which saw their market shed intraday gains to finish flat. However they still managed to hold key support and our market will likely take this as a positive sign. Don’t be surprised if we do see some

    Read More
    Public
  • US markets nervous ahead of key CPI reading, XJO to open flat

    The XJO is expected to open flat despite a fall in the U.S overnight. Their positive futures and willingness to hold key support is likely responsible for our muted open. Yesterday we managed to hold gains but continued the consolidation as we await U.S CPI tonight. Don’t be surprised if we see some meek selling

    Read More
    Public
  • US markets rebound after four session of selling, XJO expected to open higher

    The XJO is expected to open higher this morning following a rally in the U.S overnight. Their futures sit flat this morning. Yesterday was a fairly mild day where we once again indicated that we are willing to hold the key support at roughly 7,280 as we bounced intraday to finish marginally in the red.

    Read More
    Public
  • XJO to open flat after US markets stabilise

    The XJO is expected to open flat this morning despite a meek pull back in the U.S following a night of indecisive trading. Their futures have edged into the green. Yesterday we bounced intraday from key support at roughly 7,280 to 7,300 and this morning we are likely to test it again. U.S futures remained

    Read More
    Public
  • Further selling expected as US markets suffer worst day in months

    The XJO is expected to open lower this morning following a pullback in the U.S overnight. We are likely to test and hold key support at roughly 7,280 to 7,300 this morning. U.S futures have moved into the green and if they remain so during our session today it may translate to most of our

    Read More
    Public
  • Melodiol divests Sierra Sage Herbs and Halucenex for $8 million after acquiring them for over $20 million

    After changing its name and identity, cannabis and psychedelics provider Melodiol (ASX: ME1) has decided to sell off two of its most prominent business units, Sierra Sage Herbs and Halucenex Life Sciences to US-based Panacea Life Sciences for $7.56 million in cash and shares. Panacea Life Sciences focuses on the production, research, and distribution of

    Read More
    Public
  • Australian shares to open lower after US selling

    The XJO is expected to open lower this morning following both a similar move from the U.S last night and their negative futures this morning. Yesterday we held 7,470 once again to finish on 7,450. These levels are roughly proving to be the new resistance for our market. There is a short-term decelerated uptrend line

    Read More
    Public
  • Australian market to open higher after continue US strength, RBA ahead

    The XJO is expected to edge higher on open this morning following a similar move from the U.S last night and their flat futures this morning. The past couple of sessions have shown our market being indecisive yet volatile as we track sideward at the top of the range. We are currently using the previous

    Read More
    Public
  • Markets rise on signs that inflation is cooling

    Our XJO is expected to open around 7,425 index points today after US markets jumped on further signs that inflation is cooling. Our own economic data on Friday pointed to a large drop in retail sales, which is also a deflationary sign. Overall, the past few weeks have shown signs for Australian markets that interest

    Read More
    Public
  • Shares fall on worries that inflation will re-accelerate

    The XJO is expected to come back down to about 7,400 index points today following selling in US markets overnight, though their futures have gone modestly into the green since their close. Our market has been flying higher following the lower-than-expected CPI (QoQ) reading on Wednesday and yesterday we rallied back to 7,450. Today we

    Read More
    Public
  • US markets finish flat after Fed takes rates to 22-year high

    The XJO is expected top edge higher on open this morning following an indecisive night of trading in the U.S that saw their market finish fairly flat. Their futures have moved into the red. Yesterday our market flew higher on the back of a lower-than-expected CPI (QoQ) reading. We gave up some of the gains

    Read More
    Public
  • Moderately higher open expected ahead of key CPI reading

    The XJO is expected to edge higher on open this morning following a similar move from the U.S overnight. U.S futures have moved into the red however, and coupled with the local CPI reading today at 11:30am (AEST) our market is likely reluctant to do much in the morning session. Yesterday we showed some positivity,

    Read More
    Public
  • Australian market to open higher as US shares continue upwards movement

    The XJO is expected to move higher on open this following a small rise in the U.S overnight. U.S futures sit flat. Yesterday we gave up our morning gains to finish fairly flat after a day of indecisive trading. We are whipping around at the top of the range as we grind along 7,300, using

    Read More
    Public
  • US shares relatively unchanged in the absence of news, XJO to open higher

    The XJO is expected to edge higher on open despite the U.S closing flat on Friday and their futures edging into the red this morning. On Friday we tested the previous resistance at roughly 7,280 and rebounded from it intraday to finish only marginally lower. Coupled with our expected gains (albeit meek) on open, our

    Read More
    Public
  • Tech selling in the US, XJO to open flat

    The XJO is expected to open flat this morning despite a pullback in the U.S overnight. Yesterday we pulled right back from our highs to finish fairly flat, and coupled with slightly positive U.S futures, this is likely why we are seeing a muted open. Yesterday we tested the key resistance at roughly 7,380 in

    Read More
    Public
  • Global markets stall after mixed CPI, earnings

    The XJO is expected to open flat this morning following a marginally higher finish for the U.S last night. Their futures have edged into the red which is likely contributing to our muted open. Yesterday we managed to break through 7,280 key resistance convincingly. We had been skirting alongside it for the past couple of

    Read More
    Public
  • US shares continue to power higher, providing confidence to Australian market

    The XJO is expected to open higher this morning following a strong move in the U.S last night. Their futures sit flat. The U.S broke through resistance last night and we are expected to do the same this morning with an expected open near roughly 7,330. This puts us only a stone’s throw away from

    Read More
    Public
  • XJO to stall as US markets fail to proceed

    The XJO is expected to open flat to lower this morning following a similar move from the U.S on Friday and their negative futures this morning. They held a historic resistance, but this could be just a breather before they continue higher, and our market is likely just waiting this morning. If their futures stay

    Read More
    Public
  • Markets continue higher on peak rates hope

    The XJO is expected to open higher once again this morning following another strong move in the U.S overnight as they continue bask in the light of their recent low CPI reading. However, the U.S is looking overbought in a few different metrics, and if they see some profit taking come in soon the our

    Read More
    Public
  • US inflation under control?

    The XJO is expected to rally on open this morning following a strong move higher in the U.S last night on the back of lower than expected CPI. Their futures have also edged into the green. Yesterday we tested 7,150 resistance but shed our intraday gains as we waited for last night’s results. We settled

    Read More
    Public
  • XJO to continue higher after US optimism

    The XJO is expected to open higher once again on the back of a positive move last night in the U.S. Their futures sit flat. Yesterday we rallied harder than what the morning was indicating. This came as a bit of surprise as we head into a very important CPI reading in the U.S tonight.

    Read More
    Public
  • Futures pointing to a bounce on open

    The XJO is expected to open higher following a small move higher in the U.S overnight. Their futures sit flat to lower. Our market showed us yesterday that it is pretty much looking for any excuse to sell. We started the session in the green alongside positive U.S futures. However, U.S futures turned mildly red

    Read More
    Public
  • Market poised for key economic data

    The XJO is expected to open flat this morning following both a similar close in the U.S last night and their futures this morning. Their market opened lower, but they managed to claw back the gains by close, indicating to our market that they are happy to continue tracking sideward for the time being –

    Read More
    Public
  • Tech powers US rebound, XJO to open lower

    Major US indices managed to reverse their early selling to mostly finish stronger overnight. Tech stocks powered the rebound and the tech-heavy NASDAQ index was the strongest of the major indices overnight. There were not a whole lot of major reporting stocks overnight in the US, but things ramp back up tonight with J&J, Netflix,

    Read More
    Public
  • XJO to reverse yesterday’s gains

    Our market is expected to give up most of yesterday’s gains on the back of strong falls from the U.S overnight. We are expected to open at 6200, a level we can expect to act as key support going forward if our market holds up. We remain tide to overseas moves, but our local news

    Read More
    Public
  • Adviser Tip: AGL Short

    As you can see from the above chart, AGL has been tracking in a downtrend since its poor report on the thirteenth of August. Indeed, AGL has largely been trading in a longer-term downtrend for since April 2017. AGL recently rallied from its local lows at roughly $13.80 to meet the downtrend line, creating a

    Read More
    Public
  • The four ways you can trade Afterpay – Live webinar

    Over the last few years we’ve seen fintech darling Afterpay Touch (ASX: APT) rise through the ranks of the ASX, making a lot of those who jumped on board plenty of money in a short span of time. It’s no surprise to see it gain so much attention; it has grown at breakneck speeds you’d

    Read More
    Public
  • How to short Afterpay when the time is right

    By now you have probably read numerous articles on Afterpay Touch (ASX: APT), the wonder stock of the ASX. It’s no surprise to see it gain so much attention; it has grown at breakneck speeds you’d typically only see in a penny stock. Some analysts believe this is a self-feeding monstrosity, that like Monty Python’s Mr.

    Read More
    Public
  • Advisor Tip: Iron Condor on the XJO

    The market can move in basically three directions: up, down, and sidewards. Most traders can profit from Bullish movement, some even from bearish movement. But when the market stagnates and doesn’t really go anywhere, what can you do? The Iron Condor allows us to take a position that purely profits from sidewards movement. You can

    Read More
    Public
  • Adviser Tip: Bear Put Spread on Tabcorp Holdings

    Today we are applying a Bear Put on Tabcorp Holdings Limited (TAH). Analysis: TAH recently came off a key level of resistance and started to form a downtrend. Not long ago, I did suggest a bearish trade on TAH which would have proven fruitful, but I do believe this fall we have seen recently is

    Read More
    Public