A choppy session on the ASX today. Good opening gains were eroded in morning and early afternoon trade before range trading set in. The XJO managed to hold onto some gains, putting on 26.8 points and ending the day 0.6% higher. Volume was still light although heavier than the previous three sessions. Three sectors; Gold, Materials and Metals/Mining put a drag on the market and were the only ones to end in the red. Information Technology was the best performer, up 1.8%. All in all, a pretty quite day of tight range trading as the market continues to consolidate on low volume which bodes well for another push higher. Overnight the US markets had a solid session, the Dow Jones and Nasdaq both up 1.6%. The Nasdaq has been leading the way having broken the range that has been in place since early August and the S&P500 seems about to do so. Today saw the first buy signals generated for the US Systematic Portfolio since it took defensive action in late July.

Similar stock trading tips:

1. Wednesday 5th October, 2011
2. Wednesday 12th October, 2011
3. Tuesday 19th July, 2011
4. Friday 19th August, 2011