A negative day from start to finish with most of the decline coming in the afternoon, closing on the lows. The market may have an eye on the Dow Jones futures which has been declining steadily in the last hour or so and at time of writing are down 56 points. Our dollar is also on the decline, currently back below parity at 0.9974. Hints came from the RBA that interest rates may stay on hold now for several months. Today’s price action ends consecutive positive closes on the XJO at seven. We have been watching a divergence between the Dow Jones Industrials and the Dow Jones Transports indices. Last night saw the Dow Jones Industrials close down 0.09% whilst the Transports had a very solid session, putting on 1.4%. This doesn’t negate the non-confirmation yet but we continue to watch it.