Broad Industrial advance notable

The All Ordinaries index continued its upward trajectory during the week ending 14 June 2019, rising another 1.66% taking it to levels not seen since 2007. The Materials sector led stocks higher with the S&P/ASX 200 Materials Sector Index increasing 5.2%, followed by the Communications Services sector and the Healthcare sector, each advancing more than … Read more

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.

Read moreCyclicals recovering ground