| Weekly Trend: | Down |
|
| Daily Trend: | Down |
|
| Daily Momentum: | ___ | Down |
The market lost more ground in morning trade and after putting in a double bottom around lunch time fought back to close with small gains. It had to fight for it though as trading was choppy. At the close, the XJO was up 15.3 points or just 0.3% for the day, ending the week down 0.7%. This makes a four week decline since the early April high. Most sectors struggled into the black, the exceptions being Consumer Discretionary, Gold and Information Technology. The strongest sectors for the day were Industrials and Property Trusts in a very lack-lustre session. In the US overnight the Dow Jones and S&P500 put on 0.5% and the Nasdaq 0.6%.







Fri, May 13, 2011
ASX Commentary