Yesterday the media had our market up on optimism over Europe debt concerns and today it had the market down on pessimism over Europe debt concerns. What a difference a day makes… Regardless, our market was down, the Materials and Metals/Mining sectors taking the brunt down 3.5 and 3.7% respectively. Amongst the better performers lately, they also often suffer most when the market is down – you take the good with the bad there. The All Ordinaries closed  2% lower and with that switched off the Growth Portfolio. As mentioned previously here, we may see a bit of ‘on again, off again’ action as the market consolidates at these levels. The ASX Systematic Portfolio is also back off and hence tightens up stops on open positions. Volume was light today which was a positive. Today’s moves reflected US markets which were down around 2% overnight.

Similar stock trading tips:

1. Tuesday 4th October, 2011
2. Tuesday 11th October, 2011
3. Monday 18th July, 2011
4. Thursday 18th August, 2011