Tentative
11.46 am Despite very good leads, reasonable results and positive feedback around majors like BHP and SYD, the market is struggling to hold on to any of the early gains with a rise of 2 points to 5752.
I sold out of my balance in OZL for 894 and it has drifted back to 878 despite strength in copper stocks overseas. I added to the SFR at 576 which is pretty much where it sits now.
Otherwise I've started building small positions in fund managers BTT and PTM which are rolling up after corrections.
Here's BTT. Bought a little yesterday and 1054 and more this morning at 1067. It has been a long slow correction but I like the way there is no overlap from the breakout in late March.
Platinum is already trending and I've bought some at 542.5.
12.21 pm The market has been crunched in a quick sell off and is now down 25 points. It seems quite meaningless, perhaps driven by disappointment that we couldn't rally. The bigger picture is that the market is still stuck in the range and it would take a monster sell off overseas or some major disappointments around earnings to drive us substantially lower.
2.11 pm I've bought back into NWH in my small dollar book. Long at 103.5 as it edges above last week's high and the sector is on fire despite mixed results as the cycle seems to have turned.
3.36 pm A2M has been the best of my intraday trades today. I bought the first recovery after it gapped higher and eased back and got in at 471 average. I've sold a couple at 481 but might stay long overnight. A great result but a very expensive stock. I guess the outlook must still be promising as that's the key driver in a high growth, high p/e stock.
4.30 pm Another day in the doldrums though that could be a bit unfair as there are lots of individual movers. Index closed down 13 to 5737.
I sold a bit more A2M on the match at 481 but kept half. I also have the NWH which closed at 104.5m, plus a few random small longs where I like the trend. I'm not too fussed about overnight positions during reporting season as it's easier to try and focus on the movers as the day develops.
I sold out of my balance in OZL for 894 and it has drifted back to 878 despite strength in copper stocks overseas. I added to the SFR at 576 which is pretty much where it sits now.
Otherwise I've started building small positions in fund managers BTT and PTM which are rolling up after corrections.
Here's BTT. Bought a little yesterday and 1054 and more this morning at 1067. It has been a long slow correction but I like the way there is no overlap from the breakout in late March.
2.11 pm I've bought back into NWH in my small dollar book. Long at 103.5 as it edges above last week's high and the sector is on fire despite mixed results as the cycle seems to have turned.
3.36 pm A2M has been the best of my intraday trades today. I bought the first recovery after it gapped higher and eased back and got in at 471 average. I've sold a couple at 481 but might stay long overnight. A great result but a very expensive stock. I guess the outlook must still be promising as that's the key driver in a high growth, high p/e stock.
4.30 pm Another day in the doldrums though that could be a bit unfair as there are lots of individual movers. Index closed down 13 to 5737.
I sold a bit more A2M on the match at 481 but kept half. I also have the NWH which closed at 104.5m, plus a few random small longs where I like the trend. I'm not too fussed about overnight positions during reporting season as it's easier to try and focus on the movers as the day develops.
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