Afternoon trading July 20

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    Thanks @shovel40, @Fiji1 and morning crew.

    Half-time wrap:


    The share market punched to a three-month high before paring its gains as strong jobs figures sharpened the risk of additional rate rises.

    The ASX 200 slashed an opening rally of almost 60 points to two points or 0.02% by mid-session. Gains in tech stocks, REITs and miners kept the index in the black. Healthcare, utilities and energy were among the morning's drags.

    A gentle retrace accelerated following news the unemployment rate dropped to 3.47% last month from 3.55% in May as the economy added 32,600 jobs. Full-time employment has increased by 380,000 over the past year.

    The dollar popped back above 68 US cents following the data release, lately buying 68.26 US cents.




    Personal trading: One of the keys to successful trading is recognising opportunities when they come along and taking them without hesitation. I had a bad case of the yips this morning, dithering for a vital few seconds that in each case allowed someone else to take the Ask and enjoy the rebound. He who hesitates is lost in this game. Might still make a wage from an overnight hold, but my sell order is taking an eternity to fill.

 
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