Day Trading May 12 afternoon, page-29

First 29 Last

Share
Profile

Follow
Cleo

7,830 Posts.

4

12/05/17

14:03

Post #: 24653376
Share

Originally posted by highlandlad ↑

Thanks Oscar and morning crew.

Half-time round-up:

The share marked looks set to end a choppy week near where it began as a sell-off in bank stocks resumed and US equity futures turned negative.

At 1pm EST the ASX 200 was 56 points or 0.9% lower at 5822, with major drags including the IT sector -1.8%, consumer discretionary -1.7% and energy -1.2%. The benchmark index ended last week at 5837 and tracked sideways this week, with each advance soon unwound.

The financials sector fell 1.2%, ending a tentative two-day recovery since the federal budget announcement of a new levy on Tuesday night. Overnight improvements in commodity prices helped lift gold stocks 2.6%, metals & mining 0.7% and materials 0.2%.

Adding to pressure on the index was a decline in US equity futures. Dow futures were recently off 23 points or 0.11%. S&P 500 futures lost 3.75 points or 0.16%.

A mixed morning in Asia included gains of 0.37% on China's Shanghai Composite and 0.07% on Hong Kong's Hang Seng and a fall of 0.69% on Japan's Nikkei.

Crude oil futures gained five cents or 0.1% this morning to US$47.88 a barrel. Gold futures added $2.30 or 0.19% to US$1,226.50 an ounce. The dollar was buying 73.85 US cents.

Been a nothing week and nothing is what I have to show for the morning. I have about 100 or so price alerts set on different stocks and would normally expect a dozen or so to go of in the course of a morning, signalling potential trades. Today none were triggered until 11.30am. That might be a record. This is another way of saying volatility is down down down - grim news for a trader.

Expand

Know what you mean about the alerts HLL. I kept checking that my phone wasn't on silent.

Came back to see if anything has happened. Verdict - it hasn't.
2 Upvote

Reply

Top Stories

WNX

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

IMD

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

Bitcoin: Current State of Play & Where to Next | Swyftx

SVL

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

VTM

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

ARD

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

EQR

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

Emerald & Azure score Digger & Dealer awards

M2R

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

There are more pages in this discussion • 105 more messages in this thread...

First 29 Last

Day Trading May 12 afternoon, page-29

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

Bitcoin: Current State of Play & Where to Next | Swyftx

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

Emerald & Azure score Digger & Dealer awards

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Featured News

Featured News

Day Trading May 12 afternoon, page-29

Top Stories

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

Bitcoin: Current State of Play & Where to Next | Swyftx

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

Emerald & Azure score Digger & Dealer awards

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Featured News

Featured News