Thursday, December 30, 2010

Market Comments 30/12/2010

The market as measured by the broad XAO was up a bit today +0.31%. Volume was the lowest for the Festive Season. So you can forget about any significance in today's trading.

The market is still trending sideways.

I'm really struggling to find anything meaningful to say about today. So - maybe it's better that I just leave it at that.

The Cleaning Man at Comsec was not left to write the Comsec "reasons" for market movements today - so they do have a semblance of coherence and intelligence. Do they help us with our trading investments? NO. :)

Tomorrow the market has an early closing. It might be better if we all shut up shop now and enjoy a well-earned long week-end. (Have a good one.)

I'll still be back over the weekend - giving a brief run down. But don't expect anything startling.

Cheers
Red


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