daytrade diaries... june 18 part 2

Half-time round-up:

Shares drifted lower this morning as this week's theme of weakness in the mining and materials sectors played out for a fourth day.

At lunchtime, the ASX 200 was down 10 points or 0.26% at 3893. Gains in health (1.4%), consumer staples (0.9%) and financials (0.9%) were outweighed by losses in mining (-3.1%) and materials (2.9%)

Asian markets continued to slide. The Nikkei fell 1.8% in morning trade and the Hang Seng 1.29%. Dow futures offer bulls hope for some respite from a week-long sell-off, recently up 32 points. Gold inched $1.50 higher to $939.60. Oil added 30 cents to $71.15.

A reasonable morning here, with trades in CEY and PAN from the open and a skinny bounce traded in HST. Also added GWT but it looks in no rush to go anywhere. Still holding BMN and looking for it to build on yesterday's close.

Overall, the market looks very edgy, with the US still trending down. Not a good time to hold much overnight IMO.