The Australia ASX All-Ordinaries Index lost 1.0%, falling for the first
week in four after rising about 6% over the previous three weeks to
within 1% of 52-week highs. It picked up two distribution days this
week and now has three over the past five weeks.
Symbol: TRON.HK
Global Focus Developed Long
The Australia ASX All-Ordinaries Index gained 1.2% this week,
building on last week’s 3.7% gain and moving further into 52-week
highs. The index picked up a distribution day on Friday, its first since
moving back into a Confirmed Uptrend last week.
Global Focus Developed Long
The Australia ASX All-Ordinaries Index gained 3.7% this week,
closing at weekly highs and at its highest level in 11 months. The
market had a follow-through day on Monday and continued higher each
day throughout the week. It has gained about 6% in three weeks and is
now within 3% of 52-week highs.
Global Focus Developed Long
The Australia ASX All-Ordinaries Index fell 0.2% this week, closing
at the upper end of the weekly range but just below its 10-week
moving average. The market is in a Rally Attempt and awaiting a followthrough
day.
Market View
The S&P 500 and Nasdaq rallied for four straight days after another massive Brexit selloff on Monday. The ma-jor averages retook their 50-day moving averages in very heavy volume, completely erasing the losses from Fri-day and Monday. Leadership ideas also bounced back, with a handful hitting new highs. Most, however, shook many investors out and then closed up for the week, which can be viewed as bullish action within the base.
Global Focus Developed Long
The Australia ASX All-Ordinaries Index gained 2.6% this week, its first
weekly gain in five. After breaking below its 40-week moving average to end
last week, we moved the market into a Downtrend. Currently, at three days off
the lows, the market is in a Rally Attempt and awaiting a follow-through day.
Global Focus Developed Long
The Australia ASX All-Ordinaries Index lost 1.1% this week,
its fourth consecutive weekly loss. It traded higher through
Thursday, before selling off more than 3% on Friday. The market is
5.4% off recent highs and below its 40-week moving average, so we
have shifted it into a Downtrend.
Global Focus Developed Long
The Australia ASX All-Ordinaries Index lost 2.7% this week, its
largest weekly loss since February. It picked up one distribution
day and now has four in the past five weeks (one also fell off due to
time). It is 4% off recent highs and in an Uptrend Under Pressure.
Global Focus Developed Long
The Australia ASX All-Ordinaries Index was down just slightly this
week. It picked up one distribution day and now has four in the past five
weeks. However, it remains just 2% from year-to-date highs.
Global Focus Developed Long
The Australia ASX All-Ordinaries Index rose 0.7% this week,
gaining for a fifth consecutive week. However, it did close in the
lower half of the weekly range. It has now rallied about 7% since a
follow-through day on February 18 and is in a Confirmed Uptrend
for a twelfth consecutive week.
