Focus: Australia
Market Close: Tue, 06 January 2026
Daily Insights
Australian markets edged lower today amid cautious sentiment following recent commodity fluctuations, with the ASX 300 declining 0.5% as investors rotated into materials and industrials sectors.
Mining stocks performed well due to surging copper prices reaching record highs, boosting shares in BHP
Stocks like DroneShield gained strongly, while others such as Silex Systems fell sharply.
The Australian dollar strengthened slightly, supported by commodity price rallies.
Swing Trading Ideas (1–4 Weeks) - TEVO Methodology
- OFX Group Limited (OFX:XASX) | MT-Qscore -8.9 | Pending Medium-Term Reversal positive signal Today. | Target1: 0.58 | 13.7% | Hit Rate: 75%
- IperionX Limited (IPX:XASX) | MT-Qscore -6.1 | Pending Medium-Term Reversal positive signal Today. | Target1: 6.67 | 8.5% | Hit Rate: 83%
TEVO trades pick oversold/overbought but improving setups with positive expected value, strong historical hit-rates, giving you only the highest-probability swing opportunities each week.
Market Movements
The S&P/ASX 50 index declined 0.7% over the last trading day and 0.8% week-to-date, reflecting broad caution. Meanwhile, the S&P/ASX 300 fell 0.5% in the session and 0.5% week-to-date, with defensive sectors underperforming amid rotation to cyclicals.
Top Gainers (1-Day)
| BLUESCOPE STEEL (BSL:XASX) | +20.8% |
| DroneShield Limited (DRO:XASX) | +18.4% |
| Coronado Global Resources Inc. (CRN:XASX) | +15.6% |
Top Losers (1-Day)
| Silex Systems Limited (SLX:XASX) | -33.3% |
| Jumbo Interactive Limited (JIN:XASX) | -5.9% |
| Lovisa Holdings Limited (LOV:XASX) | -4.6% |
Top Sector Gainers (1-Day)*
| Industrials | +2.1% |
| Materials | +1.7% |
| Energy | +1.3% |
* equal-weighted
Top Sector Losers (1-Day)
| Utilities | -2.4% |
| Health Care | -1.2% |
| Information Technology | -0.9% |
Industrials and materials led today’s gains, with several names like Bluescope Steel extending strong week-to-date momentum in resources.
Quantmatix Success Stories
- Chalice Mining Limited (CHN:XASX) | 11.2% profit following a Medium-Term Reversal on Fri, 2 Jan.
- Lotus Resources Limited (LOT:XASX) | 10.8% profit following a Medium-Term Reversal on Fri, 2 Jan.
- NexGen Energy Ltd. (NXG:XASX) | 10.7% profit following a Medium-Term Reversal on Fri, 2 Jan.
- Bannerman Energy Ltd (BMN:XASX) | 8.7% profit following a Medium-Term Reversal on Fri, 2 Jan.
- Champion Iron Limited (CIA:XASX) | 6.5% profit following a Short-Term Reversal on Fri, 2 Jan.
- SOUTH32 LTD (S32:XASX) | 6.5% profit following a Short-Term Reversal on Fri, 2 Jan.
- Helia Group Limited (HLI:XASX) | 4.0% profit following a Medium-Term Reversal on Fri, 2 Jan.
- Fletcher Building Limited (FBU:XNZE) | 3.5% profit following a Short-Term Reversal on Wed, 31 Dec 2025.
- Nib Holdings Limited (NHF:XASX) | 3.2% profit following a Short-Term Reversal on Fri, 2 Jan.
- Coronado Global Resources Inc. (CRN:XASX) | 2.8% profit following a Medium-Term Reversal on Fri, 2 Jan.
Disclaimer: These insights are generated using AI and are provided for informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any security. The content may be incomplete or contain errors and should not be relied upon for investment decisions. Always consult a qualified financial adviser before making financial choices.