The US market was up in early trade, presumably on better than expected unemployment data. It faded in afternoon trade for the Dow Jones to close up 54.57 points or 0.43%. Likewise for our market today; the XJO put on morning gains only to fade badly throughout the afternoon and close 13.8 points or 0.3% higher. Not a terribly convincing effort if the A-B-C pattern is to hold. Despite being a bullish pattern we are not getting carried away just yet and remain cautious, resorting to profit targets in the Discretionary setups. We will likely continue to do so until the stiff resistance around the 4955-5000 zone is broken and a clear breakout evident. Until then we remain in a trading range that the market is finding tough to break.