A third day of strong buying in the big banks propelled local share indexes to a fresh 2009 high this morning.
At lunchtime, the ASX 200 was up 25 points or 0.6% at 4269. The market was buoyed by a rise of 1.8% in the financial sector, 0.9% in the gold sector and 0.6% in property trusts.
Asian stocks were mixed - the Nikkei lost 0.28% but the Hang Seng rose 0.46%. Dow futures were recently down 1 point. Crude oil futures dropped sharply at the session open but bounced back to trade near Friday's close at $69.66.
Been a diet of small snacks for me this morning. Caught ARU, SGP and CGF on the bounce for a few points each but nothing very substantial or satisfying. Also dabbles in CMW and AZC (tiny part-fill) on pullback and IRE on possible breakout (third run at this resistance level).
Potential overnight holds: IRE if it holds or advances from here. OIL and MEO as possible momentum trades. Also on the radar but not quite ready: HTX, IVC, IDG, SHL.
