The Grand Old Duke of York
11.45 From the open the ASX 200 was marched to the bottom of the hill - 5680 - and now it's marching up again. It's all pretty tedious.
Once again, it's a mixed picture for me with AGI up 4 but OSH down 8 to 676 and not looking great having failed to hold the 680 level.
I still have some NWH in my small cap book and that's the standout as it is up 8 to 128.5 having cracked the 120 level.
1.40 pm I've been waiting for a breakout in Ansell this week and today is very promising. A base has been built and there's a range break today. May be worth looking at for an overnight long.
3.26 pm The small cap book is doing well this afternoon. I bought some UPD a week or so back at 142 and compounded the problem by adding more at 134. It looks to have been a standard, slow choppy correction and I'm hopeful that today marks a resumption of the uptrend. It's currently up 7.5 at 132.5.
4.30 pm The market closed at 5709, 4 points lower and is probably quite well poised for a couple of days up based on recent performance, because it seemed like a successful test of the lows.
My large cap book was pretty flat on the day, AGI was the pick and I sold that on the close at 275. OSH recovered a little but fell 6 to 678 where I sold a third of my long. I'm sceptical of the range but accept that this attempt at a break has failed and I'm hoping to sell the rest into any strength tomorrow.
The action was in the small caps and I bought some GSW at 185 in mid afternoon, selling half into the match at 198. It's a fast mover and might be resuming after a short sharp pullback.
Once again, it's a mixed picture for me with AGI up 4 but OSH down 8 to 676 and not looking great having failed to hold the 680 level.
I still have some NWH in my small cap book and that's the standout as it is up 8 to 128.5 having cracked the 120 level.
1.40 pm I've been waiting for a breakout in Ansell this week and today is very promising. A base has been built and there's a range break today. May be worth looking at for an overnight long.
3.26 pm The small cap book is doing well this afternoon. I bought some UPD a week or so back at 142 and compounded the problem by adding more at 134. It looks to have been a standard, slow choppy correction and I'm hopeful that today marks a resumption of the uptrend. It's currently up 7.5 at 132.5.
4.30 pm The market closed at 5709, 4 points lower and is probably quite well poised for a couple of days up based on recent performance, because it seemed like a successful test of the lows.
My large cap book was pretty flat on the day, AGI was the pick and I sold that on the close at 275. OSH recovered a little but fell 6 to 678 where I sold a third of my long. I'm sceptical of the range but accept that this attempt at a break has failed and I'm hoping to sell the rest into any strength tomorrow.
The action was in the small caps and I bought some GSW at 185 in mid afternoon, selling half into the match at 198. It's a fast mover and might be resuming after a short sharp pullback.
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