daytrade diaries... october 23 part 2

Half-time round-up:

The Australian stock market has a new 2009 closing high in sight after a buying spree among the big banks.

At lunchtime the ASX 200 was 42 points or 0.87% higher at 4855 and within reach of last week's closing high of 4859. Financials led the market higher, up 1.4% after a strong session for US banks last night. Consumer staples rose 2.7%, consumer discretionary 0.7% and the mining sector 0.5%.

Asian markets tracked Wall Street higher. Japan's Nikkei added 0.55% and South Korea 0.5%. Dow futures were at +9. Crude oil futures retreated to $81.07.


Been a cracking morning here. BTA delivered the goods for the third day on the trot and looks promising for an overnight hold. Buying CXP's weakness late yesterday delivered a modest profit today. Bought MIG at the open on suspicion that it would recover. Caught KCN on the bounce. Tiny bounce trade in ABY but barely worth it on partial fill.