| Weekly Trend: | Up | |
| Daily Trend: | Up | |
| Daily Momentum: | ___ | Down |
Broker excuse #23 “Profit Taking” explains todays weakness. Maybe. There was no lead from the US last night due to a public holiday but US earnings have started flowing through and many are concerned about the banking sector. We’re staying with current positions and managing them accordingly. We’ll continue down this path until the trend changes. Momentum has been waning for the last week or two with our momentum indicator starting to roll lower now. It had been flat but the weakness over the last two sessions has reversed its course. There is good technical support down to 4800.
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