Our market opened lower and continued to decline through morning trade, then range trading all afternoon with little attempt to rally. Volume was very light and short term volatility continues to increase, almost up to levels reached in early August. Also continuing, is the market’s inability to string together several closes in the one direction, today ending just two days of positive closes. Despite gains of around 0.6-0.7% for the major US indices on Friday night, the futures have been down during the night session, currently 1.25-1.5% lower. This has no doubt been the drag on our market today which ended with all sectors except Gold (which only posted a four point gain) in the red. Hardest hit were Energy, Property Trusts and Information Technology and small caps faring worse than the larger caps. Patience is a virtue at the moment as the market struggles for a real directional move.

Similar stock trading tips:

1. Monday 5th September, 2011
2. Monday 12th September, 2011
3. Thursday 19th May, 2011
4. Tuesday 19th July, 2011
5. Friday 19th August, 2011