More red for the market today after further downside. The XJO tried to recover early losses and close off the lows but faded considerably in the last hour of trade. It seems there is plenty to keep investors concerned with events in Libya & the Middle East and Christchurch the main headlines. The XJO closed down 36.6 points today, turning the daily trend to down. We have just a few discretionary trades remaining and just one added today for aggressive traders only. Trade setups are few and far between so there would be nothing wrong with standing aside for the time being until evidence suggests this is just a retracement or a more forceful move down. Not having many quality setups may just be a message in itself. Stops have tightened up on any open trades in both the ASX Systematic and Discretionary portfolios.