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1.Market Observations, 2.share trading, 8.Was Sticky

27 July 2019 (AFR) – ASX on track to pass 7000 ‘quite easily’

[COMMENT: The views expressed in this opinion piece are not necessarily those of this commentator – everyone is entitled to their own opinion. ALSO, note that even though the All Ordinaries index (XAO) has breached its all-time record high, the S&P/ASX 200 index (XJO) still has not – perhaps next week?]

(27 July 2019, AFR, p22, Luke Housego, Reporter)

S&P/ASX200 index (Bloomberg, AFR)

S&P/ASX200 index (Bloomberg, AFR)

‘Despite the benchmark S&P/ASX200 adding more than 20 per cent year to date and the All Ordinaries passing its pre-GFC all-time high on Thursday, experts expect the momentum will be sustained, taking the indices past 7000 points. The previous 6853.6-point high for the All Ordinaries was set almost 12 years ago on November 1, 2007, but that was passed on Thursday. The ASX200 was close behind, finishing the week at 6793.4, just below the pre-GFC record of 6828 points record.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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