The local market closed well off the highs of the day yesterday and is back above the upwards trend line for now.
This chart of the Japanese stock market shows the big reverse in prices from last week’s lows.
Orora closed higher after releasing their latest results.
Temple and Webster’s latest results were better than expected and the share price rose.
Investors liked the latest result from AMP.
Macquarie Group is close to making a new high.
CSL dropped after their latest earnings report.
Aristocrat Leisure quickly recovered last weeks drop.
REA Group has posted new highs not long after their latest earnings update.
AUB Group has also recovered quickly after last weeks “shock drop”.
Fortescue is on the downwards slide.
This graph from Macro Business shows how Melbourne house prices have remained flat for the past 24 months.
After previous volatility spikes in the Australian market things look reasonably positive in around two years.
Disclaimer: The commentary on different charts is for general information purposes only and is not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column.
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