Daytrading Aug 12 Morning

Morning all. Thanks HLL and the team.

A follow up good night on Wall St should underpin more confidence on the ASX. Stocks that struggle today would have to get scrutinised imo.

CDB back on the boards. I might leave it alone. TPT extended susp, not good.

KNL. A +ve graphite annc that should be good indicator of sentiment in the graphite boom.

Funny to compare REEs and graphite. Same call that there would be huge rise in demand cos of new tech. However, in case of REE it was hard to get and seemed a no-brainer that prices would rise. But the end story is that there are bugger all coys producing the stuff and seemingly in short supply but the REE price has collaspsed. Graphite on other hand is seemingly around in large quantities but over supply is not seen as an issue by the market at this stage. Usual techno-babble surrounds the issue but something does not add up imo.

TON still remains one of the few good DTing stocks. Sitting btwn support and resist levels atm.

NXR has put out an inconclusive annc. On time and budget? Is that all to be said? Still planning to build prototypes, further development cash not decided. Demonstration in 2015? OK, long way to go with that one imo.

Check open orders

Take profits and losses

Happy trades