{"id":63068,"date":"2014-01-28T18:00:02","date_gmt":"2014-01-28T07:00:02","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2014\/01\/28\/australian-stocks-what-happened-today-242\/"},"modified":"2014-01-28T18:00:02","modified_gmt":"2014-01-28T07:00:02","slug":"australian-stocks-what-happened-today-242","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2014\/01\/28\/australian-stocks-what-happened-today-242\/","title":{"rendered":"Australian Stocks: What Happened Today?"},"content":{"rendered":"
By Ashley Jessen<\/div>\n
 <\/div>\n
ASX Top Gainers & Losers plus Market Snapshot – 28 January 2014<\/strong><\/div>\n
\nAustralia Day long weekend seemingly provided a boost to business confidence, hitting a new 2.5 year high, but was not enough to pull the S&P\/ASX200 out of negative territory.<\/div>\n
\nWhat are traders talking about today?   <\/strong>
\n•    S&P\/ASX200lost65.8 points or -1.26% on volume of $4.6 billion, closing at 5175.1.
\n•    In aftermarket trading, Apple reported that they beat earnings but have missed on iPhone sales and suggest a lower guidance going forward.
\n•    Dow Jones has suffered 5 consecutive losing sessions.
\n•    Gold was down $7.60 or 0.60% in Monday trading.
\n•    Brent Crude Oil was down $1.10 to $106.78 per barrel.
\n•    Data coming out of China is being questioned heavily with suggestion of fake trade numbers.<\/div>\n
\nEconomic news<\/strong><\/div>\n
\n•    National Australia Bank (NAB) business confidence numbers have come in showing an improvement of 7 points to 2.5 year highs.
\nAustralian sector watch<\/p>\n

\"\"<\/p>\n

Looking over the charts<\/strong><\/div>\n

\n•    Markets fell swiftly in early trading, catching up with and extremely negative trading session Friday night in the US, falling over 80 points but managed to contain the losses and rebound to post a negative 56.2 figure on the day.
\n•    There was a fair degree of distributive selling from the intraday highs to suggest a bounce back could require more impetus to run its course.
\n•    Minor support is sitting around 5140 but lows are getting lower and highs are getting lower, which is a short term bearish signal.
\n•    There is no bullish divergence either so at best we might expect a consolidation at this level or a drop to sub 5100 levels.<\/p>\n

\"\"<\/p>\n

ASX top 200 stock analysis<\/strong><\/div>\n

\n45% of stocks are showing oversold levels, 7% are showing overbought levels and 35% of stocks are currently above their long term moving average as of close of trading today. View the image below to better understand overbought and oversold levels.<\/p>\n

\"\"<\/p>\n

S&P\/ASX 200 Gainers and Losers<\/strong>
\nTop 5 gainers<\/strong>:
\n•    JBH    JB HI-FI +4.92%
\n•    ARI    ARRIUM +3.31%
\n•    DOW    DOWNER EDI +2.47%
\n•    MYR    MYER HOLDINGS +2.40%
\n•    ILU    ILUKA RESOURCES +2.31%
\nTop 5 Losers:<\/strong>
\n•    LYC    LYNAS CORPORATION -6.25%
\n•    RSG    RESOLUTE MINING -6.09%
\n•    TRS    THE REJECT SHOP -5.65%
\n•    VAH    VIRGIN AUSTRALIA HOLDINGS -5.41%
\n•    BRU    BURU ENERGY -4.70%<\/div>\n

 <\/div>\n
Reprinted with permission of the publisher.<\/em> Content included in this article is not by association the view of FNArena (see our disclaimer<\/a>).<\/em><\/div>\n
 <\/div>\n
Author's Disclaimer:<\/em><\/div>\n
\n
\n

CFDs are high risk derivative products and may not be suitable for all investors. You can lose more than your initial deposit and there is a credit risk. Please read the PDS on our website at invast.com.au<\/a> and decide whether CFD trading meets your investment objectives, needs and situation before trading. We recommend you seek independent advice.<\/em><\/p>\n

Invast Financial Services (ABN: 48 162 400 035) is regulated by ASIC (AFSL No. 438 283)<\/em><\/p>\n<\/div>\n<\/div>\n

\"\"<\/p>\n

\nTechnical limitations<\/strong><\/em><\/p>\n

If you are reading this story through a third party distribution channel and you cannot see charts referred to<\/em>, we apologise, but technical limitations are to blame.<\/em><\/strong><\/p>\n

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A wrap of the day’s activity on the Australian stock market.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/63068"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=63068"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/63068\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=63068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=63068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=63068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}