| Weekly Trend: | Up |
|
| Daily Trend: | Up |
|
| Daily Momentum: | ___ | Up |
Well, the market just keeps powering ahead. Today, the XJO has taken out the highs of February to close at its highest for the year and the highest since 16th April 2010. It closed 0.6% or 30.6 points higher for the day, despite soft trading in the US on Friday night. Oil and gold stocks had good days after those commodities traded well on Friday night. Both the Materials and Metals/Mining sectors were up more than 2%. On the flip side, the Information Technology, Industrials, Health and Consumer Discretionary sectors all closed more than 1% lower. With the recent strength in the market, the ASX Systematic Portfolio has been taking signals thick and fast and the model account is now fully loaded. The system continues to take signals and trade in the ‘now’ without concern over whether anyone thinks a reversal or pause is due.







Mon, Apr 11, 2011
ASX Commentary