The market was heavy on back of significant stake in Woodside being sold off at a 10% discount to yesterdays closing price. Other big name front end stocks were also weak and combined this pulled the broader market index lower after a weak lead from the US. That said, our favoured mid/small cap resource/energy sectors did well. Our Systematic PowerSetups which are heavily weighted to this area continued to improve on balance, although there were one or two that were knocked around due to various announcements. The Model Portfolio is now sitting at +13.2% for the year, which although not impressive historically, is doing much better than the broader market at around the +0.54% mark. The immediate outlook for the broader market remains bullish with aspirations of 5000 still on the agenda.