After peaking sharply on the open, the market has settled slightly up after the almost week long Easter/ANZAC break, at 4918 points.
NOTE: as I was compiling this report, the PPI figures came out and the market has sunk over 20 points after midday.
The short term trend remains weak but positive on momentum, as it reverts to the medium term trend (note red line on graph below). BHP weighs on the market (down 0.6%) whilst the banks are mixed, but generally up.
Click on full screen icon to view report or download the full PDF report here: Trading Day 27th April 2011