Our market edged higher today on modest volume in what was a very subdued session. This was similar to the major US indices overnight that traded in very tight ranges for a small gain on the Dow Jones. The XJO closed up 9.6 points whilst the All Ordinaries closed at 5001.7, finally closing above the much discussed level – just. The Information Technology sector took the brunt of any downside – off 1.6% and continuing its volatility of late. Biggest gaining sectors were Consumer Staples and Gold. Our dollar has seen declines during the day, at 1.0061 at time of writing. Shanghai is currently up just over 1.3%, whilst the Dow Jones futures are slightly down in overnight trade. Finally, nice to have a little luck today with the JML trade in the Growth Portfolio and ASX Discretionary Setups.