daytrade diaries... july 10 part 2

Half-time round-up:

Australian share indexes were clinging to skinny gains at lunchtime as a lacklustre trading week drifts towards an end.

At lunchtime, the ASX 200 was up 6 points or 0.18% at 3770 after touching an early high of 3791. Gold miners, telecoms and property trusts led the risers.

Asian markets were near break-even. The Nikkei was at -0.04%, while the Hang Seng was recovering at -0.09%. Dow futures were recently at -24. Gold futures were unchanged. Oil slipped back under $60 briefly but has recovered to $60.20.

The XJO has been treading water for four days now. These tight trading ranges often presage a violent breakout in one direction or another - let's hope it's soon and upwards.

Just turned around a dull morning with a nice bounce trade in SDG - in at 55, out at 58. Rode WTF from near the open. Added IMF at support, hopefully as a hold for a few days. Wednesday's PGS buy is developing nicely. ILU back under pressure but holding support so far.