Daytrading November 17 afternoon

Thanks Oscar and morning crew.


Half-time round-up:

Shares touched a one-week low before reversing as yield stocks attracted a bid, offsetting weakness in banks and miners.

At 1pm EST the ASX 200 was 11 points or 0.2% ahead at 5339 after earlier dipping as low as 5286. Telecoms led the reversal, rising 2.4%. Also strong were utilities +1.6% and health +1.1%. The revival was tempered by declines in energy -1.4%, gold -1.2% and financials -0.2%.

The market largely ignored another peculiar set of jobs data from the ABS, which appeared to reverse the September fall. The ABS said the economy created 9,800 new jobs during October, negating the September decline. September's huge slump in full-time employment was revised downwards and largely cancelled by 41,500 advance in October. The jobless rate held steady at 5.6%.

A muted morning in Asia saw China's Shanghai Composite dip 0.19%, Hong Kong's Hang Seng add 0.3% and Japan's Nikkei virtually unchanged at +0.01%. Dow futures were recently up 18 points or 0.1%.

Crude oil futures slipped 14 cents or 0.31% this morning to US$45.43 a barrel. Gold futures firmed $3.70 or 0.3% to US$1,227.60 an ounce. The dollar was buying 74.74 US cents.


Nice reversal this morning. Market seems to be stabilising around these levels. Trading: thought I did well to get a quick three pips out of NOX - just looked at it again and it's been up more than 10 cents from my entry level. Goddamit. Small speculator in BSR.