Resources steady
1.07 pm The resources sector has found support today and strengthened from a flat open though the big four banks remain unloved along with some of the industrials so the index overall is 6 points off but could go either way from here.
I haven't got a lot on and it's a mixed day with large caps a touch weaker and small caps looking brighter.
I bought some Brambles yesterday in a bottom fishing expedition. It's been up then down so hasn't really given me any joy but it was one of the few bullish set ups to hedge some more straightforward sell signals. I'll probably cut this by the close unless it does very well this afternoon.
3.37 pm The recovery in the resources sector has held and I'm interested in buying some Metals X for the small cap book after a buy signal today on the daily and a break of last week's high on the weekly.
4.38 pm The ASX 200 closed down 7 points. I bought some Western Areas at 369 on the close. It's a simple resumption in a strong stock after a minor retracement.
I haven't got a lot on and it's a mixed day with large caps a touch weaker and small caps looking brighter.
I bought some Brambles yesterday in a bottom fishing expedition. It's been up then down so hasn't really given me any joy but it was one of the few bullish set ups to hedge some more straightforward sell signals. I'll probably cut this by the close unless it does very well this afternoon.
3.37 pm The recovery in the resources sector has held and I'm interested in buying some Metals X for the small cap book after a buy signal today on the daily and a break of last week's high on the weekly.
4.38 pm The ASX 200 closed down 7 points. I bought some Western Areas at 369 on the close. It's a simple resumption in a strong stock after a minor retracement.
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