The most positive day on our market since 13 Jan this year. The XJO put on 57.9 points or 1.2% and the All Ordinaries 1.1% with both closing on the highs for the day. This came on the back of a strong session in the US overnight where the Dow Jones closed up 191.4 points or 1.59%. US unemployment data is released tonight in the US which is often a market mover. The media are attributing this last nights strong session to positive figures coming in with lower than expected unemployment. Perhaps today’s move will provide a catalyst for further bullishness on our market after the recent sell off. The price action was enough to turn the daily trend back up after a little whipsawing of late. The 4800-1825 zone on the XJO is holding as support at present after being tested. Previous resistance may well now become support. Of interest is that the Australian Dollar has not had a decent rally as the equity markets have. Oil remained pretty steady overnight and gold was sold off quite heavily.