The XJO lost another one percent today, closing down 46.3 points. These losses occurred in opening trade and the market range traded for the rest of the day in very choppy fashion. All sectors were in the red except for the Telecommunications sector which finished up just 0.2% as Telstra pegged back a small part of recent losses. Of the others, the Health and Information Technology sectors fared the worst, both down more than 2%. Anything is possible but it is hard to see much upside occurring into the end of the month and financial year. Today’s losses followed more downside in the US on Friday night as the Dow Jones closed just under one percent lower. Futures in the US are currently flat. The AUD was down for the day as it drifts back toward parity – trading at 1.0445 at the time of writing.

Similar stock trading tips:

1. Monday 6th June, 2011
2. Monday 20th June, 2011
3. Friday 27th May, 2011
4. Thursday 9th June, 2011