Daytrading June 24 afternoon, page-6

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24/06/14

13:16

Post #: 13564250
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Originally posted by highlandlad ↑

Thanks Endless.

Half-time round-up:

The Australian share market continued its recent run of reversals as downbeat US futures and a profit warning from Kathmandu helped erase most of yesterday's gains.

At lunchtime the ASX 200 was trading 25 points or almost 0.5% in the red at 5428 as every sector except gold +0.9% hit reverse. The index has been unable to string together back-to-back rises in two weeks, declining in seven out of the last ten sessions. This morning's falls were broad-based, with financials losing 0.6%, health 0.5%, materials 0.3% and industrials 0.2%. The consumer discretionary sector fell 0.5% after retailer Kathmandu said warm autumn weather had impacted sales.

US futures turned negative after Wall Street narrowly broke a six-session winning run overnight. Dow futures were recently down 23 points or more than 0.1%. China's Shanghai Composite rallied 0.25%, Hong Kong's Hang Seng gained 0.3% and Japan's Nikkei lost 0.37%.

Crude oil futures slid 56 cents this morning to US$105.60 a barrel. Spot gold was $2.70 weaker at US$1,315.70 an ounce. The dollar was buying 94.27 US cents.

No follow-through buying from yesterday's Chinese factory news. Has to be a bearish signal. Meanwhile, I did very little trading today while trying to resolve an audio problem with the PC. My approach depends heavily on audio alerts, so no sound meant plenty of missed trades. Scraped a pittance from the bounce in VMT and just added ARI for any intraday recovery - a pip or two would do.

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in and out of NWH not much in it but wasn't the best of buys bit quick on the trigger watching for a better entry jmt
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