| Weekly Trend: | Up | |
| Daily Trend: | Up | |
| Daily Momentum: | ___ | Flat |
The market dribbled lower almost all day at one stage being down approximately 30-pts. A few minutes from the final bell, CBA came out with a 30% increase in half year profits sending the broader market into the close with a strong bid and erasing the days losses. This will be interesting to see follow through next week, especially if we get a positive lead from the US tonight. It could well be a sign of the up coming earnings season and a boost of confidence to drive the market higher. We continue to expect one last leg higher toward 5200 over the coming month or so.
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