Daytrading July 25 afternoon

Thanks Oscar and morning crew.


Half-time round-up:

The prospect of supportive signals from central banks in the US and Japan later this week helped propel the ASX to a fresh 11-month high this morning.  

At 1pm EST the ASX 200 was 31 points or 0.6% firmer at 5529 and within reach of the index's strongest close since August last year. Advances in consumer staples +2.6%, consumer discretionary +1.1%, health +1% and financials +0.6% offset falls in gold -2%, metals & mining -1.1% and energy -0.5%.

“Equity markets may hold up this week ahead of the BOJ and Fed meetings on hopes that these central banks may sound dovish,” Vasu Menon, vice-president for wealth management research at Oversea-Chinese Banking in Singapore, told Bloomberg. “The hope of future action from policy makers offers more support in the short term even though valuations may not be compelling.”

A mixed morning in Asia saw China's Shanghai Composite gain 0.45%, Hong Kong's Hang Seng dip 0.07% and Japan's Nikkei advance 0.38%. Dow futures were recently 12 points or 0.06% ahead.

Gold futures slid $6.80 or 0.5% this morning to US$1,324.70 an ounce. Crude oil futures were down six cents or 0.14% at US$44.13 a barrel. The dollar was buying 74.72 US cents.


Some big moves this morning in both directions. Shine coming off a few former darlings of this thread. Volatility still good, but with a sharply downward bent in the likes of DCC, NOR, PSC, RXL and MNS. I traded DCC to moderate purpose, MNS for a solid win. Still holding NOR and DFM, both intraday only. Busy morning, all still to play for.