ASX 200 holds firm as investors take a breather, lithium stocks rise above the pack
Investors are catching their breath and contemplating their next move – makes sense given so many competing bullish and bearish factors.
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Four days of accelerating buying, culminating in yesterday's spree, came to a relative halt today. Investors are catching their breath and contemplating their next move – makes perfect sense given there's so many competing bullish and bearish factors right now.
Today’s daily range of 26.8 points, or just 0.34%, was the smallest in over 6 months. A range this small has only occurred in less than 2.2% of S&P/ASX200 trading sessions – so this degree of apathy is pretty rare!
Across the sectors it was suitably ho-hum, with industrials the best (up 0.7%), and consumer discretionary the worst (down 0.3%).
The only semblance of a special mention today goes to a cluster of lithium stocks led by Vulcan Energy (VUL), Wildcat Resources (WC8), and Liontown Resources (LTR) which each logged very decent gains.
Let's dive in!
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Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
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Investing is risky. Inevitably you will endure losses. If you can't cope with losing, don't invest.
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Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
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