Today’s intra-day price action was a wild ride, albeit within about the tightest range you are likely to see. The XJO closed down just 0.3%, the Small Ordinaries down 0.2% and the sectors were a mixed bag – Energy the biggest mover with a 1.5% decline. After two days, the ANZ and NAB have passed on the full interest rate cut and disappointing unemployment figures were released, but really local news is being pretty much ignored. Nothing has changed this week – a tight consolidation zone is taking shape on light volume, trends remain up, momentum still up and all systems on. No doubt, the EU summit on Friday is being waited for, or will we get a preemptive move?

Similar stock trading tips:

1. Thursday 14th July, 2011
2. Thursday 1st December, 2011
3. Thursday 9th June, 2011
4. Tuesday 6th December, 2011