The ASX opened at the usual time this morning, and then promptly closed. A technical glitch kept the exchange closed from just after open until 2.00pm. It seems the wait got investors and traders a bit toey – the market bolted out of the blocks on the re-open and barely looked back as it piled on 2.5%. The XJO closed 105.7 points higher and whilst volume will show to be light on the charts, levels look good for two hours trade but would be hard to tell what may have been with a full day’s trading. All sectors closed in the black, the standouts being Energy, Material and Metals/Mining which all put on more than 3%. Price action was sufficient to up the ante for the amount of signals from the Systematic portfolios, however, the market is now firmly in a support/resistance zone so the next couple of weeks will be interesting.

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