Inside the market

Technology and Health Care showing strength, risk on?

The All Ordinaries index was up 1.8% during the week ending 18 January 2019. This was an impressive move bringing total gains since the December 24 low to 6.9% and taking the index back up to within 3% of the 200 DMA, a significant level from an overall trend perspective.

As always it’s not the headline number that interests us but the numbers behind this number that gives us a better understanding of what’s driving the market at the more granular level of sectors and companies.

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