With friends like that
1.14 pm European and North American indices were lower all round on tariffs against the EU and the NAFTA partners announced by the US. Australia is exempt but an early sell off took us down almost 40 points before a clawback has helped the ASX 200 back up to 5990, a drop of 22 points.
It's a flat day for me in the large caps which is ok as I thought we were due a rally and went long. The small caps are slightly up as CLV and Z1P have done enough to negate minor losses in COB and SLC which I've cut.
1.45 pm I went long Oz Minerals yesterday as they seemed to have found support just above a previous breakout level and also at the 50 day moving average. It didn't really perform yesterday unlike most of the rest of the resource stocks but it's starting to look hopeful now. My entry level was 984 which is just above where it's trading now.
3.16 pm I've bought some of a small US based but ASX listed software company called Livetiles at a price of 46. It's on a breakout following a positive announcement regarding a new product and after a long period of consolidation.
4.28 pm Resources kicked on this afternoon with the nickel stocks doing well along with AWC and BSL. My OZL trade looks better with a decent enough finish after having been down early. The gold stocks have done pretty well this week although Northern Star has been a laggard. I'm long - from yesterday actually - at 629 and the chart show a minor break back up. I think this is probably good for one more day as the trend is waning.
It's a flat day for me in the large caps which is ok as I thought we were due a rally and went long. The small caps are slightly up as CLV and Z1P have done enough to negate minor losses in COB and SLC which I've cut.
1.45 pm I went long Oz Minerals yesterday as they seemed to have found support just above a previous breakout level and also at the 50 day moving average. It didn't really perform yesterday unlike most of the rest of the resource stocks but it's starting to look hopeful now. My entry level was 984 which is just above where it's trading now.
3.16 pm I've bought some of a small US based but ASX listed software company called Livetiles at a price of 46. It's on a breakout following a positive announcement regarding a new product and after a long period of consolidation.
4.28 pm Resources kicked on this afternoon with the nickel stocks doing well along with AWC and BSL. My OZL trade looks better with a decent enough finish after having been down early. The gold stocks have done pretty well this week although Northern Star has been a laggard. I'm long - from yesterday actually - at 629 and the chart show a minor break back up. I think this is probably good for one more day as the trend is waning.
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