Half-time wrap:
The stock market launched a holiday-shortened week with strong gains as the reverberations from Friday's Israeli attack on Iran continued to subside.
The ASX 200 briefly jumped almost 1.5% before paring its advance to 73 points or 0.97%. Bulk metal miners, telcos industrial and healthcare companies provided much of the momentum. Energy providers and gold miners dragged.
Commodity price gains and selective up-moves on Wall Street laid the foundations for this morning's rally. Copper and nickel hit multi-month highs on Friday. Iron ore logged a weekly gain of 5.3%.
Wall Street's main benchmarks finished at unusual variance on Friday as a tech sell-off flattened the Nasdaq and S&P 500, while gains in other sectors lifted the Dow. The Nasdaq gave up 2.05%. The Dow lifted 0.56%. The S&P 500 shed 0.88%.
Personal trading: Well, I prepped for a tech sell-off that hasn't happened. So much for researching technical levels for bounces. As always, the market does what it wants and traders have to adjust. Scraped a half pip from COB. Took a few more at lows, but none are showing much interest in bouncing yet.
