daytrade diaries... november 13 part 2

Half-time round-up:

Investors retreated to safe-haven sectors this morning as regional markets followed Wall Street south.

At lunchtime the ASX 200 was down 52 points or 1.11% at 4695 after Wall Street snapped its six-day winning streak overnight. Local investors sold financial stocks (-1.7%) and miners (-1.7%) and switched into the defensive sectors consumer staples (+0.5%) and utilities (+0.4%), the only sectors to advance this morning.

Camping goods retailer Kathmandu made a bright debut on the market, jumping 7% above its issue price before recently trading around 3% up.

Crude oil futures continued to slide, down another 39 cents this morning to $76.31 a barrel. The spot gold price was recently $1 lower than this morning at $1,102.50 an ounce.

Asian markets were in retreat. Japan's Nikkei lost 0.58% and Hong Kong's Hang Seng 0.07%. Dow futures were at -18.


Never easy trading a falling market and I haven't done a particularly good job this morning. Made beer money on scalps off lows in AIO, NAD and SPT. Exited AEM at breakeven because it's had one trade in two days.