daytrade diaries... november 20 part 2

Half-time round-up:

Regional markets skidded lower this morning as traders reacted to Wall Street's overnight tumble.

At lunchtime the ASX 200 was down 70 points or 1.49% at 4678. All sectors were negative at 1 pm. Worst hit were property trusts -2%, financials -1.8% and industrials -1.7%. The mining sector fell -1.7% amid speculation about slowing Chinese demand. Sentiment wasn't helped by news that costs at Woodside's Pluto LNG project have blown out by $1.1 billion.

Japanese shares hit a four-month low as the Nikkei retreated for a fourth straight day. The Nikkei was recently down 1.25%. Shanghai fell 1.07% and Hong Kong's Hang Seng 0.69%. Dow futures were a mildly bearish -18.

The spot gold price eased nearly $3 to $1,141 an ounce. Crude oil futures were down 2 cents at $77.70 a barrel.


A good morning here thanks to VIL. The run from 2.4 to 3.3 was too profitable to ignore - may regret it but I'm out for now and waiting for a chance to re-enter. Loaded up with a few mid-caps at their lows and waiting for bounces this afternoon in ALL and IAG (ouch). Profits taken in FGL and DOW.