Down from the open, the XJO showed good gains in late morning trade only to see much of this eroded in very choppy afternoon trade. This resulted in a pretty directionless session as it struggled 9.7 points higher for the day on light volume. Health and Telecommunication were the strongest sectors, both closing 1.1% higher. On the flip side, the Gold and Property Trust sectors were the weakest, closing down 0.5 and 0.6% respectively. As our market has taken a breather over the last five sessions, so to do the buy signals being generated across all portfolios. They have been sparse as we wait for another leg higher. A few stops have been hit with what so far, is a retracement from the recent highs for the year. US reporting season really hots up this week so this may be a catalyst for the next move. The Dow Jones futures down 55 at time of writing.