The Australia ASX All Ordinaries Index gained 1.5% this week,
building on strong prior week gains. After retaking its 40-week moving
average last week, the index pushed past an early November 2014 peak
and to its highest level since early September 2014. It is in a confirmed
uptrend and has five distribution days in the past five weeks, but all five
occurred while it was below its 40-week.
Symbol: CSCY.HK
Global Focus Developed Long
The Australia ASX All Ordinaries Index gained 3.6% this week,
recovering all of the prior week’s losses plus a bit more. It retook its
40-week moving average on Friday and finished the week above the level
for just the second time in 11 weeks. It is in a confirmed uptrend but
does have five distribution days in the past five weeks.
Global Focus Developed Long
The Australia ASX All Ordinaries Index lost 3.0% this week. It
fell after meeting resistance near its 40-week moving average. It is
now in an uptrend under pressure, as it has picked up five distribution
days in just the past three weeks and is in danger of falling back into a
downtrend.
Global Focus Developed Long
The Australia ASX All Ordinaries Index gained 0.5% this week. It was
down nearly 2% through Wednesday, but recovered strongly in the
last two days of trading. It shifted back into a confirmed uptrend two
weeks ago after a 2.4% gain on December 19th and has held the gains
since. It ended this week just above its 40-week, its first close above the
level since early November 2014.
Global Focus Developed Long
The Australia ASX All Ordinaries Index gained 0.8% this week. It was
shifted back into a confirmed uptrend two weeks ago after a 2.4% gain
on December 19th, and has held the gains since. Look for the index to test
resistance at its 40-week moving average in the coming days. It ended this
week just below its 40-week.
