Bearish key reversal flags more falls ahead

Original article by David Rogers
The Australian – Page: 24 : 16-May-18

The Australian sharemarket closed at a four-day low on 15 May, after falling just short of its highest level in 10 years. The bourse has gained 1.9 per cent so far in May, but recent history suggests that a further pullback is possible as it has shed an average of 4.3 per cent during May and June over the last decade. A number of factors could weigh on the market in coming days; most of the major banks are set to begin trading ex-dividend, while shares in oil producers are falling despite a rally in the crude oil price.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, MACQUARIE GROUP LIMITED – ASX MQG, TELSTRA CORPORATION LIMITED – ASX TLS, BHP BILLITON LIMITED – ASX BHP, CHICAGO BOARD OPTIONS EXCHANGE VOLATILITY INDEX, MORGAN STANLEY AUSTRALIA LIMITED

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s