The local market is down again today after overnight moves. The 50 percent retracement in prices from the 2025 low sits around 8,200 points.
The broad-based US S@P 500 index has just had four consecutive closes below the 100 day moving average for the first time since early 2025’s dramatic fall.
Cannabis stock Bioxyne is on the move after the first-half results came out. The stock has had some volatile moves up and down with the uptrend line moving up nicely so far.
How the once mighty have fallen. US listed, Australian bred Atlassian stock topped out around the $320 mark in early 2025 and now sits down around the $80 level, OUCH. The company recently announced around 1,600 jobs would go.
Locally listed Pro Medicus looks to have found some support at current levels. Can it form a base and move higher from here is the big unknown.
Whitehaven Coal continues to make higher lows.
Woodside Energy was boosted by the Iran war.
Some analysts see Ramsay Healthcare as an undervalued property play.
This graphic shows the average impact on different sectors of the Australian market after the initial “Geopolitical” events of the past. War is unpredictable.
This shows the movement of the oil prices in some past events that have impacted markets in a similar way.
Will the past close relationship between Bitcoin and the Nasdaq index repeat the past over the next few months?
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. Cheers Charlie.
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