| Weekly Trend: | Up |
|
| Daily Trend: | Up |
|
| Daily Momentum: | ___ | Flat |
Some more upside for the market today with a little follow through from yesterday. The XJO closed at 4820.6, up 24.1 points (0.5%) for the day. It is now taking another look at new recent highs, ready to challenge that of January 19th. Overall price action remains choppy and range-bound with no decisive short term trends to speak of so far this year. We continue to add long trades to the discretionary setups and a few signals are starting to generate with the systematic trading, but so far the new year has brought nothing but challenging trading. The Dow Jones and Australian Dollar both had quiet nights. The dollar still holding above parity against the Greenback, currently at 1.0106.







Thu, Feb 3, 2011
ASX Commentary