The S&P/ASX 200 Index finished the week to Friday down 2.2%.
The best performer was the Energy sector, up 1.9%, and the worst performer was the Telecoms sector, down 3.7%.
Our forecast for market weakness continues and we again highlighted the cascading lower high pattern in the XJO.
Author: Leon Hinde
Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.
PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:
· Deposit Products
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks