Information Technology at highs

The All Ordinaries index was down 0.35% for the week, ending 15 March 2019. The index ended the week 2.6% above its 200 DMA, pulling back from the level of the highs of October 2018. As we said last week, 6,325 is likely to be a point of considerable resistance, and it would not be unexpected to see the index spend some time moving sideways around this level. Any signs of strength above this level would be a positive indication as to the direction of the trend of the overall market.

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Consumer Staples strong but not leading

The All Ordinaries index was up 0.2% for the week, ending 8 March 2019. The index ended the week 3% above its 200 DMA, having stalled around the level of the old highs of October 2018, which is likely to be a point of considerable resistance and it would not be unexpected to see the index spend some time moving sideways around this level.

Any signs of strength above this level would be a positive indication as to the direction of the trend of the overall market.

Of the 473 stocks currently comprising the index (and for which we collect data), 266 of these (56%) ended the week above their respective 100 DMAs, down from 289 (60%) names at the end of last week.  Two hundred thirty-six stocks were up for the week, while 237 ended the week flat or down. Two hundred and twenty-eight shares finished the week within 20% of their 52-week highs, with 79 of those within 5% of 52-week highs.

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Consumer Finance and Healthcare on, Gold off

The All Ordinaries index was up 0.5% for the week, ending 1 March 2019. The index ended the week 2.84% above its 200 DMA and is continuing to show considerable strength.

Of the 478 stocks currently comprising the index (and for which we collect data), 289 of these (60%) ended the week above their respective 100 DMAs, up from 269 (57%) names at the end of last week.  Two hundred sixty-four stocks were up for the week, while 214 ended the week flat or down. Two hundred and twenty-seven shares finished the week within 20% of their 52-week highs, with 78 of those within 5% of 52-week highs.

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Cyclicals recovering ground

The All Ordinaries index was up 1.5% for the week, ending 22 February 2019. The index ended the week 2.3% above its 200 DMA and is showing considerable strength following a minor test of the 200 DMA in early February.

Of the 470 stocks currently comprising the index (and for which we collect data), 269 of these (57%) ended the week above their respective 100 DMAs, up from 260 (55%) names at the end of last week.  Two hundred fifty-six stocks were up for the week, while 214 ended the week flat or down. Two hundred and sixteen shares finished the week within 20% of their 52-week highs, with 79 of those within 5% of highs.

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Large cap Resources leading

The All Ordinaries index was up 0.2% for the week, ending 15 February 2018. The index ended the week 0.8% above its 200 DMA, consolidating the previous week’s move above the 200 DMA, with one minor test of the moving average on Monday.

Of the 474 stocks currently comprising the index, 260 of these (55%) ended the week above their respective 100 DMAs, up from 230 (48%) names at the end of last week.  Two hundred sixty-five stocks were up for the week, while 209 ended the week flat or down. Two hundred and sixteen shares finished the week within 20% of their 52-week highs, with 76 of those within 5% of highs.

Read moreLarge cap Resources leading