Again, nothing much happened today. The market was down 0.4%. Volume was well below average.
If anything there was a slightly more defensive tone to the market with the four defensive sectors all doing better than the market benchmark, the XAO. But really, nothing decisive can be read into that.
The chart of the XAO could be forming a bullish flag - but we'll have to wait for a break higher to be sure of that.
We remain in the hands of the overseas markets.
Cheers
Red
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