Half-time round-up:
Stock indexes drifted lower this morning as falls in financials, property trusts and consumer staples outweighed slender gains for miners.
At lunchtime, the ASX 200 was down 5 points or 0.14% at 4063. NAB was the biggest drag on the market as its $2.75 billion capital raising pulled its shares down 5%. The energy sector, up 0.8% on a rising oil price, was the pick of the sectors.
Asian markets fared better. The Hang Seng piled on 2.1% and the Nikkei 0.13% Dow futures were recently at +22. Oil futures dipped then turned north again, recently trading up around 20 cents at $65.51.
A modestly profitable morning here thanks to the stunted rise in MBN and a bounce trade in SFR (poorly traded - premature entry, premature exit shaved profits). Small speculative position taken in ENT.
Superk - no I'm no longer holding NUF. Selling yesterday wiped out a day's profits - holding overnight would have been wildly profitable. Them's the breaks! Well done to all who rode MEO to these levels - seems like only yesterday I sold for a handsome profit at 10.5 cents. Ahem.
Potential overnight holds: There's a nasty little rounding top forming on the XJO - let's hope that doesn't play out. That aside, these look interesting: MMG is following the rest of the media sector north. FLT is having another crack at the old high. HVN may have turned - same with SGZ. IRH is too thinly traded for most but the chart set-up looks nice.
- Forums
- ASX - Day Trading
- daytrade diaries... july 23 part 2
Half-time round-up:Stock indexes drifted lower this morning as...
-
- There are more pages in this discussion • 62 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
RC1
REDCASTLE RESOURCES LIMITED
Ron Miller, Non-Executive Director
Ron Miller
Non-Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online