SPI up when US is indifferent or down???
There is no logic for SPI to be up when we are the sheep dog for the Yankees. In addition, the price of oil is down, and gold too.
Who derives DPI and how? The logic does not compute!
posted by Club Mulgoa @ 1:19 PM
1 Comments:
And today 13/4/19, NASDAQ is underperforming relative to DJIA and S&P500, but all are up.
Yet the SPI is dull at 0!
Yesterday, SPI was up when the US indices were down, and the rest of the world followed us. Looks like another repeat on Monday when the ASX will lead a dull charge!
What worries me is how hard and how fast the WAAAX stocks in Oz have moved. No correction so far but it must come if any of their figures look bad. And that will infect all 5, and beyond.
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