We mentioned here a week ago that markets would rally but we are now at trendline resistance therefore best to not chase the market up here...

Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian Financial Review, and Sky News Business. Fairmont Equities provides portfolio management services and also produces weekly investment and trading ideas. Sign up to our weekly newsletter containing stock tips and educational articles. Head to www.fairmontequities.com and leave your email to sign up now.