XJO finished flat +0.08%. [IMG] I noted in yesterday's Weekly...

XJO finished flat +0.08%.  



I noted in yesterday's Weekly Report that major market indices and some sectors had flattened out.  Short-term trend is sideways.  Nothing occurred today to change that.

The XJO was up early in the morning session, but soon gave all that back and the index trailed through sideways to the end of trading.  

XXJ (Financials X-Property) was also flat +0.07%.



XMJ (Materials) is on a short-term buy signal, but today's intra-day selling doesn't instil much confidence.



The long-term trend is down - so I think that discounts the short-term buy signal.

XHJ (Health) is the strongest sector in our market.  The negative divergence on the CCI and today's tombstone doji don't provide any short-term confidence in the sector.  XHJ flat, -0.1%



Wait until we see signs of a definite direction in our market.

We're into the last week of the financial year when all sorts of games are being played.  Volume today was well up for a Monday - so those games are probably being played already.  They didn't result in anything dramatic today - but they might as the week progresses.

RB.