That's so yesterday

11.51 am The index is 8 points lower, a good recovery after an initial fall that wasn't as bad as might have been expected so perhaps we were leading the pack with yesterday's large sell off as Asian, European and US markets followed suit.
Not a bad day for me in the large caps with EVN up 6 to 283 where I've sold half. The small caps are still terrible and I'm taking cut after cut there over the last week or so. The out of the blue sell off today is in NCZ, perhaps the clue was the failure to rally on very good zinc price rises.

2.14 pm Quite a turnaround as the index has climbed to a gain of 12 points. The State of the Union address has been going on for more than an hour now and clearly, despite a dangerous level of cheesiness, there's nothing to scare the horses.
I've scanned through my watchlists and I'm struggling to find any new trades.

3.47 pm Even the small caps are recovering today and my current favourite long in WHA is shaping up quite well in a tight two day congestion.

 In the large caps, I'll look to sell the EVN balance on the match out and I'm replacing the position with a long in LYC. Today has been a bullish reversal day from a higher low.

4.25 The ASX 200 gained 15 points in a steady rally from a weak open. I added some more LYC at 216 as it finished the day at the high while I sold the last EVN at 285.