Afternoon trading April 20

Thanks @shovel40, @FlashPoint, @Fiji1 and morning crew.

The big banks led a turnaround this morning as the ASX 200 swung from a loss of 19 points to be unchanged mid-session. The financial sector rallied to a six-week high as investors continued to move on from the US/European banking crisis.

Strong: REITs, consumer stocks, industrials. Weak: resource stocks, specs.

Looks like the review of the RBA will mean fewer rates decisions - eight per year - but more accompanying commentary in the form of press conferences, as happens after some (but not all) Fed meetings in the US.

Personal trading: Not much to relate. Got G1A at the cap raise price for a shallow blink-and-miss-it half-pip bounce. Took a small opening position in LRV for any swing this arvo/tomorrow. Will add if/when it happens. Volume contracting.