daytrades march 4 afternoon

Thanks Tweets. Half-time round-up:

The share market is on track to finish higher for the week as a broad rally boosts all sectors.

At lunchtime the ASX 200 was ahead 49 points or 1% at 4855 after its best morning since early January. Gold shares topped sector gains, rising 2.5% despite a 1.5% slide in the price of the metal overnight, followed by materials +1.7%, metals & mining +1.7% and industrials +1.5%.

The rally followed Wall Street's best session in three months overnight.

"On Wall Street, the economic data in the US just continues to be very, very good," IG markets research analyst Ben Potter told Fairfax. "The whole outlook over there is looking very good."

Japan's Nikkei jumped 1.59% this morning, Shanghai 0.25% and Hong Kong's Hang Seng 1.23%. Dow futures were recently at +4.

Crude oil futures pushed back through $102 a barrel this morning, rallying 48 cents to $102.39 a barrel. Spot gold was $2.30 stronger at $1,418.30 an ounce. The dollar was buying US $1.0131.



Nice to end the week on a bright note. Had a couple of early wins in VPG and DMA. Also took a speculator in AKK - the initial heavy dumping seems to be over. FMJ is not swinging as wildly as yesterday - punters are more wary today - but the closer it gets to $2, the more interested I become.