The Dow Jones Industrial Average Actual (DJIAA) closed the week 2.69% higher at 8763.10 from the previous week’s close however, the majority of this rise was accounted for on Monday the 1/6/09 where the DJIAA rose 2.6%. There were four (4) positive days and one (1) negative day with the biggest move for the week being on the Monday.
The NASDAQ Composite closed the week 4.23% higher at 1849.4 from the previous week’s close therefore, significantly outperforming the DJIAA. However, like the DJIAA the majority of this rise occurred during trading on Monday the 1/6/09 where the NASDAQ rose 3.07%. There were three (3) positive days and two (2) negative days, although Friday the 5/6/09 saw a drop of only 0.03% from the previous day’s close.
The S&P 500 Index (SPX) closed the week 2.28% higher at 940.1 from the previous week’s close however, this and more was accounted for by the 2.58% rise on Monday the 1/6/09. There were three (3) positive days and two (2) negative days.
In all the markets in America had a very positive day on Monday the 1/6/09 however, on average were fairly flat for the remainder of the week.
Sunday, June 7, 2009
Saturday, June 6, 2009
Australian All Ordinaries - week ending 5 June, 2009
The Australian All Ordinaries (XAO) closed the week 4.11% higher at 3869.00. There were four (4) positive days and one (1) negative day with the biggest move for the week occurring on Monday the 1/6/09 where the All Ordinaries closed up 1.98% higher. However, this was closley followed by Thursday the 4/6/09 where the All Ordinaries closed down 1.92%.
Once again the ASX 200 Financial Sector (XFJ) did not perform as well closing the week only 2.71% higher. This was primarily due to the Sector losing ground on Thursday and Friday (2.32% was lost over these two days).
The ASX 200 Materials sector outperformed the All Ordinaries closing the week 7.49% higher. This was helped by a 5.57% gain on Friday the 5/6/09. Last week I forecasted the Materials Sector would be up this week but I did not expect it to be this significant.
Once again the ASX 200 Financial Sector (XFJ) did not perform as well closing the week only 2.71% higher. This was primarily due to the Sector losing ground on Thursday and Friday (2.32% was lost over these two days).
The ASX 200 Materials sector outperformed the All Ordinaries closing the week 7.49% higher. This was helped by a 5.57% gain on Friday the 5/6/09. Last week I forecasted the Materials Sector would be up this week but I did not expect it to be this significant.
Thursday, June 4, 2009
All Ordinaries - week ending 29/5/09
The Australian All Ordinaries (XAO) closed the week 1.52% higher at 3812.30. There were three (3) positive days and two (2) negative days with the biggest move for the week occurring on Friday the 29/5/09 where the All Ordinaries closed up 1.56% higher.
The ASX 200 Financial Sector (XFJ) did not perform as well closing the week only 0.16% higher. However, the ASX 200 Materials sector outperformed the All Ordinaries closing the week 4.28% higher.
The 14 day Directional Movement System, 26 12 9 daily MACD, daily 12 9 TRIX, and the 12 day Momentum Indicators all forecast a positive week ahead for the Materials Sector.
The ASX 200 Financial Sector (XFJ) did not perform as well closing the week only 0.16% higher. However, the ASX 200 Materials sector outperformed the All Ordinaries closing the week 4.28% higher.
The 14 day Directional Movement System, 26 12 9 daily MACD, daily 12 9 TRIX, and the 12 day Momentum Indicators all forecast a positive week ahead for the Materials Sector.
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