The S&P/ASX 200 Index finished the week down 0.47%.
The best performer was the Health Care sector, up 2.4% and the the worst performer was the Telecoms sector, down 10.1%.
Telstra Corporation down 11.6% and Vocus Group Ltd down 10.9%.
The XJO index is running into resistance at the prior high of 6150, (reached in January). With resources and the banking sector looking fully valued and the industrial sector trading on stretched price to earnings ratio, we see little upside potential for the index.
Investors should be looking at using a derivative overlay to enhance the income from their existing portfolios.