I can't see much point in going into details. Today was just "noise". The market was on holiday because of the holiday in America on Monday for the Memorial Day.
We might see something of importance tomorrow reacting to futures movements in America or overnight developments in Europe. But Europe will also probably have a benign night.
The only point I'd make about today was that the sectors to show major movements of importance were Materials -1.2%, and Financials -1.0%. These are the two power houses of the Australian market. It might mean something, it might not.
We'll have to wait and see if there is strong follow through.
Cheers
Red
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