A sedate day on our market today resulting in a very small trading range and choppy price action throughout the day. The close saw the XJO edge higher, closing up 8.2 points. The All Ordinaries, closing up 7.4 points, is now at an important juncture – in the same territory as the April 2010 highs. Telstra had a good day, putting on 1.4% which saw the Telecommunications sector as the best performer – up 1.1%. The Gold, Industrials and Property Trusts sectors were among the better performers. The Health sector took a beating, closing down 2.3%. We have been keeping an eye on the Dow Jones Transport index. Last night it had another solid session, closing up 1% compared to the Dow Jones 0.5%. This sees the Transports at new recent highs after making up some ground in a hurry to negate the recent divergence with the Dow Jones.