Ping

11.12 am The elastic band has snapped back and the market has risen 1%. WFD is a slight laggard but is still up 0.5% while Beach, a longer term holding, is up strongly on its resumption after the fund raising. It rose from an adjusted 81 cents to as high as 98.5 before easing slightly to 92 now.

There is increasing momentum so one to hold for a day or two.
It's a public holiday in NSW and Queensland, I think, so the turnover is light in some of the smaller caps. Nearmap is higher by half a cent but turnover is light relative to Friday.

2.48 pm The market has been in a tight range after the initial burst. No real joy on the WFD or the NEA but BPT is holding well. The high range intraday is quite bullish for tomorrow. I have a shortlist for both the large and the small caps and the resources look particularly good.

4.22 pm The materials were the sector to be in today and WFD was muted though I got out for a few cents my way. I left the long in NEA as it had a high congestion and seems fine. I added another short term small cap long in EML. It's a standard sort of resumption in a strong stock and is also in a sector that's pretty hot.

I added a couple of large cap longs. One of them is lithium play Syrah. This is another popular sector and I'm buying a stock that rallied nearly 8% but there's room to move to the recent high and the chart is very strong across both the daily and the weekly.