Up Up and away

After positive data out of the US yesterday, our market has reacted positively and is up 1.17% for the day so far.

Resource shares are leading the rally and therefore our market is pushing upwards sharply.

News that could influence the markets today is at 14:15 ADP Non-Farm Employment change and at 16:00 the ISM Manufacturing PMI.

From the above graph, it looks like our market has turned around and broken the downward trend.

Wait for the data out later today, before adding more to your long positions.

Safe trading