Presented by Michael Hevern
MDSFinancial
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General Advice Only
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In this morning s wrap
DOW: down 1.9% – Breakout?
$135bn Still to Bailout Banks;
S&P500 up 20% since 12yr Lows on March 9th
NASDAQ: down 2.6%
Uptrend Holding;
Lower But Continues to Outperform;
FTSE: down 0.6% – Resistance!
Miners Lower and Financials Generally Up;
DAX down 1.3% & CAC down (-1.8%)
NIKKEI: down 0.1%
G20 Meeting This Week
Hang Seng Flat
Oil: down 3.6% – At $52
US Weakening Demand
Gold: down 2% ($923) Big Picture
Commodities Lower;
USD Higher
SPI: Critical Levels: 3640 & 3440
SPI down 37 (-1%);
ASX200 Just Above Resistance
ASX News
OZL Minmetals revises bid
RIO up significantly overnight; 4 China Banks – funds for Chinalco deal
Energy, Gold & Materials to weigh
Financials may see profit taking/covered calls
ASX to open lower US lower; G20 Meeting & Unemployment Figures this week
