Australia's largest stock trading and investment forum Australia's #1 stock forum

Afternoon trading February 27, page-4

First 4 Last

Share
Profile

Follow
Endless

33,088 Posts.

27/02/24

13:08

Post #: 72619301
Share

Originally posted by highlandlad: ↑

Thanks @shovel40, @Fiji1 and morning crew.

Half-time wrap:

The share market lost ground for the first time in four sessions as soft leads from Wall Street were compounded by a four-month low in iron ore and a mixed bag of corporate earnings.

The ASX 200 dropped 10 points or 0.13% by mid-session as gains in consumer and energy stocks were out-muscled by falls across the wider market.

Coles, Wesfarmers and Woodside Energy were the best of the heavyweights. An overnight reversal in gold and a week-long slide in iron ore weighed on Newmont and the big three bulk metal miners.

US stocks stepped back from record levels overnight as treasury yields ticked higher ahead of Thursday's January inflation data. The S&P 500 reversed 0.38%.

Personal trading: Solid morning. Been playing around the edges of pullbacks. Trades in ARR, FFG, BTH and AXE. None for more than a pip or sometimes a half, but they add up. It's trickier than it used to be, thanks to the latest trading algos the instos are using to screw retail traders. Can't place a sell order these days without the algos loading the Sell queue with Chi-X orders that then jump the queue. It's a pain, but then the instos are always gaming the system to multiply their advantage over the little guy. HFT was worse while it lasted.

Expand

Haha. Remember the good ol' days. Lol
4 Upvote

Reply

Top Stories

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

HotCopper Highlights: Trigg; Droneshield; Lumos & more

DRO

History repeats for DroneShield investors but carnage so far subdued

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

AII

A new NASDAQ listing for a key player in the global critical minerals space

First 4 Last