Technical turning point in large cap stocks emerges

Technical turning point in large cap stocks emerges. Australian large cap stocks commenced generating technical buy signals last week, with select bank and resource stock featuring in the buy signals activated. As detailed in wires over recent weeks, the early indicator that signals a shift in market momentum, is large cap stocks base forming / generating buy signals, which has now emerged. This will precede any change in trend at an index level. It is also notable that there is no potential for new stock sells signals to be generated, and this is co-inciding with an increase in buy signals, again highlights that sentiment / momentum is shifting.