The XJO probed lower just after the open and promptly rejected further downside and fought back through the day, just fading slightly into the close. The end result was a positive close, up 10.3 points. It seems to be making an attempt at creating a support area around this 4815-4770 zone. The question is – will it hold? Oil took a slight breather and US futures are up in night trading – the DJIA +31 points at time of writing. There has, however, been little movement in the Australian Dollar. Today’s strength came mostly from the Financial sector which finished up 0.7%, as the major banks had a reasonable day. The Gold and Health sectors were the hardest hit, down 1.6 and 0.8% respectively. We remain cautious as the trend is indecisive, with just one trade added to the Discretionary setups and a few exits for both the Systematic and Growth Portfolios.