daytrades jan 5 afternoon

Thanks Tweets. Half-time round-up:

Solid falls among resource stocks on the back of weaker overnight commodity prices had the Australian share market lower for a third session at lunchtime.

At 1pm the ASX 200 was 37 points or 0.8% weaker at 4704, with the gold sector off 2.5%, energy -1.3% and metals & mining -1.2%. Property trusts and telecoms were the only sectors to trade higher.

"We did have weakness from mining giants and mixed movement from the banks, which has been keeping us in the red today," CommSec market analyst Juliette Saly told Fairfax.

Asian markets were also on the back foot. Japan's Nikkei slipped 0.13%, Shanghai 0.68% and Hong Kong's Hang Seng 0.1%. Dow futures were recently at a moderately bearish -28.

Crude oil futures eased another 27 cents this morning to $89.03 a barrel. Spot gold was $2.90 weaker at $1,379.10 an ounce. The dollar was buying 1.0023 U.S. dollars.


Couldn't understand why our pre-market futures were as strong as they were this morning, but today's fall is starting to look a little overdone intraday. There are too many pullbacks to trade this morning but I've been skimming the lows on the likes of WDS, BUX, LYC, UNX (twice), GGG (still holding) and AVO. Also rode the breakout in MMX. Been a very good start to 2011, despite the overall market weakness.