Weak jobs data in the US had the Dow down a further 0.8% and the Nasdaq -1.5% on Friday night; it was the weakest jobs data for eight months. This was not going to bode well for our market today and so choppy morning trade saw early losses. A late afternoon rally resulted in some of the losses recovered and the XJO closed 14 points lower on light volume. Uncertainty continues to plague markets. The RBA meet tomorrow and are expected to leave interest rates on hold after annual inflation slowed slightly in May from the month prior. ILU was a shining light, up 7.3%, as it continues to defy the broader market trend and is still being held by some Growth Portfolio followers after entering the stock in August 2009.

Similar stock trading tips:

1. Monday 30th May, 2011
2. Friday June 3rd, 2011