The first test starts this morning in Brisbane so volume might dwindle over the next couple of days especially with the US closed for Thanksgiving tonight.
I sold a handful of Aru at 130 and Lyc at 160 as they continued to strengthen. I've also bought a few Linc back on a fairly flimsy buy set up, at 239, because it's such an old favourite that I can't bear to miss out if it has made a pennant correction and is ready to rally.
Another new long position is very small so far in nickel producer Western Areas. Long a smidgin at 595 with a stop at 570. It's quite illiquid so I might get some cheapies if there's a blip down.
11.38 The opening skirmishes in the first test are gripping and activity has almost stopped. Out of another handful of Lyc at 165 as they're the one thing that is moving.
1.01 That's lunch in the cricket and the market has just ticked up a few points after drifting back for 2 hours. Up 12.
The Asx 200 needs to get through about 4620 in order to look good. Here's the 60 minute.
2.33 The market is square and it's possible that we could make a minor new low on the index given the failure to push on again. It would look quite complete on the downside if it did but I think it's more likely to hold here. No real action in the last hour or so.
I've done some tinkering here and there for a few dollars my way.
I've had a short term punt in Karoon. It has been hammered lately after the failure of an IPO to list their South American oil fields and the premium that was in it has ebbed away. Long at 758 with a stop at around 740 based on the 60 minute chart.
And here's the daily. I'm obviously looking for it to have made a higher low; it's through yesterday's high of 762 having just got to 763.
4.15 Also had second thoughts and sold the Wsa at 595. Like Linc, just too marginal.
The market finished with a gain of 9 points. Lynas held on to 11 cents to close at 164.
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