The ASX ended the week on a positive note, erasing most of yesterday’s losses, the XJO putting on 1.2% to close 52.4 points higher for the day and scraped home by just 15.4 points to post a gaining week. Volume was light again today as it has in fact been for the last month as the market continues sideways. Up or down works better for swing/trend trading so a breakout of this zone would be welcome indeed. All sectors closed in the black, with Industrials making a rare appearance at the top of the leader board, up 2%. Major US indices were a little mixed overnight, the Dow Jones up 1% and the Nasdaq up just 0.1%. S&P 500 futures are up just over 0.5% at the time of writing during the night session. With a market still seemingly reacting to any headlines out of Europe at present who knows what next will have in store. Have a great weekend.

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