A flat day on our market today, the XJO finishing basically square after little movement all day. The Gold and Information Technology sectors were the standouts for the day, both up 1.5%. Mind you the IT sector has been under a lot of pressure lately, experiencing significant declines over the last month. We are riding BHP at the moment in the Discretionary Setups and it was down 1.6% after an earnings release. Could it be yet another example of ‘buy the rumour – sell the fact’? BTA was stopped out of the same portfolio after getting hammered after a negative earnings release – down 16% for the day. We gave up some open profits and you can’t win them all. This does highlight the value of stops in the market where short term trading of this nature is concerned, however. Next trade please!