Trading Diary – 14 Feb 2019

This week, we finally resumed our investment program. The index has recovered strongly following the drawdown experienced in October, November and December of last year and our trend signals have now given us the green light. We made our retreat from the market in October and November and missed out on a large portion of … Read more

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Banks trying to bounce

The All Ordinaries index was up 3.4% for the week, ending 8 February 2018. The index ended the week 0.6% above its 200 DMA, finishing the week above the 200 DMA for the first time since October 2018.

Of the 476 stocks currently comprising the index, 230 of these (48%) ended the week above their respective 100 DMAs, up from 198 (42%) names at the end of last week.  Two hundred eighty-seven stocks were up for the week, while 189 ended the week flat or down. Two hundred and six shares finished the week within 20% of their 52-week highs, with 65 of those within 5% of highs.

Read moreBanks trying to bounce