Technicals - financials sector - the key positive sector of the Australian market
The financials remain the stand out sector of the market, purely from a technical perspective. It is significant that almost half of the current open buy signals / recommendations identified by the QMG technical analysis model fall within this sector of the market . It is a positive momentum indicator for the sector outlook that there has been a "cluster" and heavy concentration of stock buy signals generated within the financials space (notably excluding the A-REITS which have featured heavily on the sell signal side over recent months).
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.