You say potato

12.14 pm On the premise that if US indices were up last night, they'll probably be down tonight, the ASX 200 has fallen 11 points in very muted trading, possibly affected by school holidays. I haven't got much on in the large caps. Beach is a couple of cents higher as commentary on the Santos takeover bid suggests it's serious and may well get up so other stocks in the sector are finding minor support. GXY is down 5 and I know it's a dud trade but a snap back rally also looks very likely over the next week so I'm holding this reduced position. Other stocks in the sector are grinding lower too on fairly light volume.
A couple of stocks that are shaping up well on a weekly basis are CCL and WHC. Coca Cola Amatil is potentially resuming a rally after a 3 wave congestion with a double top. There's a daily break too.

Whitehaven Coal formed a double bottom on the weekly chart and broke back up two weeks ago. It held its ground, making small gains during last week's sell off, and is consolidating well near the break level despite some minor weakness over the last couple of days. If it can get moving, I believe it can push to new highs around 510. I bought some at 439 this morning and would add on a break.

2.52 pm Synlait Milk has been following A2M and BAL back up. I bought more this morning at 825 compared to the first tranche which cost 842. It's back at that level now and I have that first parcel on the offer at 856. It might get there today, the sell off is over and it's quite a strong reversal.

4.24 pm A flat day overall for my positions. The index worked its way to a small gain of 9 points although it was an inside day. Volume seemed pretty light. It's the third consecutive close around 5750 so support is holding.