XJO down moderately today -0.43%. That didn’t do anything to...

XJO down moderately today -0.43%.  That didn’t do anything to affect the trend.  The short-term trend remains sideways.



The dominant sectors in the Australian market XMM and XXJ were both down today.

XMM:



Miners remain in a listless sideways trend.  Today they were down -0.91%.

XXJ:



XXJ down moderately today -0.43%.  Most importantly, it is holding above the 200-Day EMA.

On any day we have winners and losers.  The big winners today were Telecoms +1.32% and Consumer Staples +0.65%.

XSJ:



XSJ remains in a sideways trend.

XTJ:



XTJ up +1.32%.  That’s an impressive figure but the index remains below the 50-Day EMA which has stymied rallies in the past.  So we won’t get too excited about that result.

So … where does that leave the punters?  We’re still in no-man’s land waiting for an indication one way or the other.