Push – Pull effect between Materials and Financials in display.

It appears as though, the correction in the materials sector (XMJ) may have just ended, giving our broader market the needed push on the upside. Financials (XFJ) on the other hand, appears to have entered into a correction after having a run of their life since 2016 lows, pulling our broader market down. Result is a FLAT DAY with XAO due to this push pull effect. Couple of ETFs which comes to my mind are QRE.ASX and QFN.ASX by Betashares AU which may replace XMJ and XFJ respectively. PDS and FACT SHEETS for both ETFs may be found at Betashares website.

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