Gold showing strength

The All Ordinaries index was down 0.6% for the week, ending 1 February 2018. Having moved above its 100 DMA last week, it has spent the week consolidating just above. The index closed 2.7% below its 200 DMA. Of the 476 stocks currently comprising the index, only 198 of these (42%) ended the week above their respective 100 DMAs, up from 189 names at the end of last week.  Two hundred fifty-four stocks were up for the week, while 222 ended the week flat or down. One hundred and eighty-seven shares ended the week within 20% of their 52-week highs, while only 43 names are within 5% of highs.

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