Having made up for lost ground, markets are at an important juncture

Markets have recovered much of the January/February selldown and we are now approaching the decision point - do they continue to move higher, are do they bumble
along from these levels? Starting with the indices first, the All Ord is still on the
breakout side of the downtrend resistance line but the Energy and Mining indices are threatening to run out of steam. That means there is more work - more impetus
required before we can become bullish. There is no suggestion that there is going to be another bout of shorting again, the feature that drove markets to unexpected lows in January, but there will be plenty of room for differences of opinion as to where markets are headed. That is the nature of markets.

To read full commentary, follow the link below. 

 WeeklyComm19March2016.pdf