daytrade diaries... november 17 part 2, page-5

The Australian stock market was lower at noon after strength in the resources sector offset losses in financial stocks.

All Ordinaries had fallen 2 points, or 0.004 per cent, to 4,775.

The RBA has kept the possibility of further rate hikes open saying that it will raise rates over time as the local economy improves however at what pace remained an open question it said.

Analysts said "It does look like her concerns are starting to take some shine out of the banks, or we could see people just switching out of financial stocks, where they've made a fair bit of cash over the last few months, and getting into other areas where they can see the growth story is starting to move."

Dual listed gold miner Newmont Mining Corporation (ASX:NEM) together with Sumitomo Corporation has sold a10% share of mining company PT Newmont Nusa Tenggara for US$391 million. The stake has been sold to a consortium of regional and local governments near the Batu Hijau mine and a private company called PT Multicapital. Newmont Mining shares rose 0.73 per cent to $5.54.

The best performing sector at midday is the Materials index, up 191 points to 12,287.

The worst performing sector at midday is the Financials excluding Real Estate Investment Trust index, down 54 points to 5,471.

Gold is trading at US$1,139.70 an ounce and the Aussie dollar is trading at 93.66 US cents.

http://www.marketwatch.com/
http://www.thebull.com.au/
http://www.news.com.au/business/

The Most dangerous habits to have as a trader or investor.
Stubbornly holding onto small losses when you could get out cheaply and move into a better performing stock. Again, don't let your feelings run your portfolio.