Monday Evening Liqueurs. 15 August, 2016. Today was something of...

Monday Evening Liqueurs. 15 August, 2016.

Today was something of a non-event. XJO up +0.16%. That obviously doesn't do much to the major index.

Here's a Heiken-Ashi Chart for the XJO:




The chart now shows three "doji" candles which indicate indecision.

Plenty of supports lies below. So even if we get a pull-back it is likely to be bought.

One of the best performers today was the Property Trust Sector. It's been under pressure over the past two weeks but today it was up +1.07%. Today's chart remains, at best, ambiguous, but a good up day tomorrow might suggest a reversal in the short term down trend.



The best performing sector in our market has been the Health Sector (XHJ).



The H-A chart for XHJ remains healthy.

The big improver in our market lately has been Consumer Discretionary.



The chart continues to be bullish and is now threatening a 52-Week Break-out.

The worst performer in our market today was the Materials Sector:



XMJ down -1.52%. No technical damage was done, however, and it remains in a sideways holding pattern.

So - today was a non-event. We'll see if some direction returns to the market tomorrow.

RB.