Half-time round-up:
Regional markets made a soft start to the trading week this morning as indexes eased back from last week's year-highs.
At lunchtime the ASX 200 was 22 points or 0.47% lower at 4671, dragged lower by selling in financials (-0.8%), miners and materials (-0.9%), gold (-1.1%) and property trusts (-0.7%). Bucking the downtrend were IT, up 2.2%, industrials +0.8% and telecoms +0.7%.
In economic news, sales of new cars rose by 0.3 per cent, seasonally adjusted, in July, the Australian Bureau of Statistics (ABS) announced this morning.
Japan's Nikkei lost 0.7% this morning, Shanghai was down 2.14% and Hong Kong down 0.16%. Dow futures were mildly negative at -17. The spot gold price slid $3 to $1003.50.
Been a moderate morning here. Best trade was ALL on the bounce - mid 440s was a low-risk entry. Just caught MRM on the bounce. Picked VPG as a likely breakout candidate but sold out for brokerage when it stalled. Will wait for a close above 15 to buy back in. Got into ABU too early.
Potential overnight holds: NEU currently looks great. CER, CNP, WEC look nice on breakout. VPG if it closes at 15.5 or higher.
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