Our market ended the day basically flat and traded in a very tight range and again on low volume. Trading within that range was a roller-coaster ride however, as the market struggled for any direction. The XJO ended the day down just 3 points and closed out the week 63.76 points lower or 1.5% ending three weeks in a row of gains. A mixed sector board saw the Materials, Metals/Mining and Gold sectors receive a break from selling. As this low volume consolidation continues, volatility is declining quite rapidly from the levels seen from early August through to early October which bodes well for finding low risk setups. The same can be said for US indices which are consolidating near the top of a wide range. Last night saw the majors flat – the Dow up marginally and the Nasdaq down a fraction. Whilst the ASX Systematic and Growth Portfolios have switched off, the US Systematic has remained on in recent days and is swinging into gear with several buy orders today. US futures are up slightly at the time of writing so much to glean there for what tonight may have in store.

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