daytrade diaries... october 5 part 2

Half-time round-up:

A rise in job ads helped stocks crawl higher in sluggish trade this morning.

At lunchtime the ASX 200 was up 10 points or 0.24% at 4612 on gains in the mining and materials sectors, both +0.9%, gold +1.6% and property trusts up 0.7%. Industrial stocks, down 0.6%, were the main drag on the market.

The number of jobs advertised increased 4.4% last month, up from a 4.1% rise in August, according to the ANZ Bank's monthly survey.

"These data provide the best evidence we have received to date that the labour market - and the economy more generally - are entering an early recovery phase following this downturn," said ANZ acting chief economist Warren Hogan, quoted on Fairfax websites. However, the up-tick provides another reason for the RBA to consider raising interest rates tomorrow.

Daylight saving in the eastern states means many Asian markets are just opening. The Nikkei was 0.03% higher and the Hang Seng was down 0.16%. China is closed for a holiday. Dow futures were positive at +23.

Solid morning here. Caught ADY near its low. Added FLT in the low 14.10s because it keeps bouncing off this level. Small speculators taken in RNG at 3.3 and NGM at 17.

Potential overnight holds: hard to ignore the two current DT favourites in DDT and BCC, although both are starting to look ripe - scalps only for me. Potential reversal in NGE on news this morning.