Regional markets slumped this morning as profit-taking crept in and US futures pointed firmly south.
At lunchtime the ASX 200 was down 58 points or 1.26% at 4538, with gold and property trusts among the few risers, up 1.1% and 0.2% respectively. The financial and mining sectors both lost at least 1%.
Asian stock markets were mostly lower. Japanese exporters were dragged down by a stronger yen. The Nikkei lost 2.47% this morning, Hong Kong slipped 0.93% but Shanghai was green at +0.55%.
Dow futures were pointing to a weak start to the North American trading week, off 81 points. The spot gold price slipped three dollars to $1002.10. Crude oil futures continued to fall, recently trading at $68.37.
Well, it's a much weaker start to the week than I'd anticipated but profitable - been a solid morning's bounce trading. Profits scalped on PRY, VGH and JHX. Small position opened in GOA on retrace.
Potential overnight holds: I'm unlikely to add any stocks with US futures deep in the red. But for the brave... XEN and PDY look great on breakout. URL could have more legs.
