Overnight the US markets had another solid session after some positive economic data, the Dow Jones up 0.74%, the Nasdaq up 1.4% and the S&P500 up 1%. Unemployment data is out tomorrow for the US which is often a market mover, although this may have been pre-empted last night. Our market followed suit and gained ground from the open, plateauing over the course of the afternoon to close near the day’s highs. The XJO added 1.1% to close 49.2 points higher on light volume albeit the highest volume for the week. It gained 63.54 points or 1.38% for the week’s effort. Positions within the ASX Systematic Portfolio are filling up fast with five more added today bringing the total to fifteen so far. The Growth Portfolio defensive exits have eased lately and the system needs the market to gain another 50-60 points or so to switch it back into action. As for the Discretionary setups, that portfolio is now long side biased with a couple more remaining shorts shaken out today.

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