XJO Macro Concerns continue to plague the Market Down 16 The month of December saw a continuation of uncertainty primarily around macro International factors. Without any positive domestic stimulus, the market limped along, being buffeted by international factors, with the market never being able to surpass the close of 7th December, and on the 21st, closing on a two year low. A mild festive rally followed resulting in a close at 5651 with a loss of 16 points for the month. The potential expansion of the US/Sino trade war,
QRE is an ETF that follows the Australian Resources Sector, including such companies as BHP, RIO, WPL and S32 to name a few. Pro Trader likes the TA signals for QRE, as it’s about to break new highs and is presently marginally below the net asset value.