Post budget torpor

11.54 am The still point continues with the market up 5 points but attempting to sell off intraday again. I suspect that a lot of very short term positions have been cut so I expect very little to happen.
My large caps are flat and the small caps doing well with Adairs up 8 too 227 and Ooh Media up 10 to 527.

4.19 pm Another quiet day at the top of the range but this time the index closed towards the highs with a gain of 16 points to 6108. It looks like a bullish triangle to me albeit on a small scale.

The market has tried to sell off each day since last Friday yet still made a series of higher lows so the weak point may be to the upside.
My large caps were slightly lower and small caps higher for no net gain. I rolled into new longs in BXB, NXT and PTM. NXT is an unusual chart with the highs around 720 having held twice and looking likely to hold again until today broke away. There's no sign of fatigue and I think it can squeeze higher. Long at the closing price of 747.

 Small cap wise, I held the Adairs even though they gave back early gains but sold the OML for about 8 or 9 cents my way. I've bought back into three I've been in recently which have started to take off; APT, CGC and SEA. Afterpay surged through the 50 day moving average line today and finished very strongly. There should be some decent follow through tomorrow. Long at 698, where it closed.