Post haste
4.26 pm Blogging software wasn't working earlier not that there was a lot to add.
The market drifted lower by 28 points led by resources as the sector took a breather ahead of the RIO result which has come through and looks like a slight miss although with a larger than expected UK buyback and with the iron ore volumes hit by rains rather than operational problems. The futures are still open and have slipped a couple of points but no panic.
My four existing medium term positions did ok today with BLD up 1, DOW up 7, EVN unchanged and XRO the stand out with a 2.6% gain.
QAN is one I've been trading actively but could easily be a candidate for a longer term trade. The correction seems to be over and there's a confirmed higher low. Still long a few overnight. Here's the chart.
The market drifted lower by 28 points led by resources as the sector took a breather ahead of the RIO result which has come through and looks like a slight miss although with a larger than expected UK buyback and with the iron ore volumes hit by rains rather than operational problems. The futures are still open and have slipped a couple of points but no panic.
My four existing medium term positions did ok today with BLD up 1, DOW up 7, EVN unchanged and XRO the stand out with a 2.6% gain.
QAN is one I've been trading actively but could easily be a candidate for a longer term trade. The correction seems to be over and there's a confirmed higher low. Still long a few overnight. Here's the chart.
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