ASX 200 on track for a top month

The S&P/ASX 200 Index (ASX: XJO) made it 4 out of 4 weeks in the green last week, as the index reached yet another post-March high. It was a week of gentle ups and downs for the ASX 200, which had climbed as high as 6,700 points in intra-day trading on Wednesday before retreating away from these highs on Thursday and Friday.

These gains, coming after what have been some spectacular rises over the preceding weeks, have put the ASX 200 on track to have one of its best months of the year so far (barring a cataclysmic day of trading today). The increases also briefly wiped out the year’s losses mid week, and put the ASX 200 ahead for the year for the first time since late February. But alas, it was not to last, for at Friday’s…