Another up and down type of day on our market; up nicely on the open following the lead from gains on US markets, a sell off for most of the morning and into early afternoon and a choppy rally into the close. A tight range day by the last two month’s standards but still respectable gains of 1% were posted for the XJO as it closed 40.2 points higher on light volume. Most sectors were up, the best performers being Metals/Mining and Materials with gains of 2% and 1.9% respectively. The 0.9% gain by the All Ordinaries was enough to turn the Growth Portfolio, a subscriber’s favourite, back on again, although no signals were generated today. It has been off since late April when it started to take defensive action and not take buy signals, thus protecting capital as the market travelled from 4899 to 4305 today and as low as 3830 in early August. All we need now is the market to gain some traction for the system to do its thing.

Similar stock trading tips:

1. Thursday 14th July, 2011
2. Thursday 6th October, 2011
3. Thursday 9th June, 2011