Afternoon trading November 17

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

Half-time wrap:

The share market trimmed its advance for the week after Wall Street finished mixed overnight and a four-month low in oil weighed on the energy sector.

The ASX 200 declined 16 points or 0.22% to 7043. Gains in miners, healthcare providers and industrials were outweighed by falls among energy producers, consumer stocks and banks. Energy giant Woodside dropped 2.5% this morning to its lowest since March.

Despite today's setback, the Australian benchmark remained on track for a weekly gain of around 1% thanks to strong gains on Tuesday and Wednesday. The index has put on more than 4% since its late-October low amid growing optimism that inflation is cooling fast enough in the US to prevent any more rate hikes.

US stocks finished mixed overnight as earnings disappointments and soft economic data dampened buying enthusiasm after the market's recent strong run.


Personal trading: Took OZM a fraction too early. Half a pip from RB6. Missed the low in TG6 by half a pip.