Market wrap: Wall Street jogged on the spot overnight as details of the bank rescue plan and a vote on the economic stimulus package were postponed until tonight. The major markets closed mixed but virtually unchanged. There were no stand-out sectors but banks posted gains while gold miners lost ground.
Another attempted rally in oil failed as the price of crude fell 1.5% back under $40. Gold also slid as the recent rally failed to match last month's high, recently trading at $893, down almost 2.5%. Base metals were mixed with minimal slippage after yesterday's healthy gains.
There are probably more negatives than positives there but our futures remain cautiously bullish. The SPI rose 27 points to 3493.
I may have a second look at a couple of yesterday's runners today: SUN (missed boat yesterday), IAG (skinny profit yesterday - out too soon). Small position in TCL, which is back near support.
