Australian Investment Blog

• The ASX 200 recovered most of its losses intraday, closing down 24 points, or -0.5% to 5259 after trading as low as 5222.• The banking sector ended mixed, with Commonwealth Bank (CBA) the only one of the ‘big 4’ up 33c at $82.35.• Regis Resources (RRL), a stock I currently hold, roared up 8.8% at $1.61. We remain bullish gold and its sector.• Woodside Petroleum (WPL) closed 1.5% higher at $34.90. As mentioned to subscribers live today, I went ‘long’ WPL via options.• As anticipated, Woolworths (WOW) and Wesfarmers (WES) ended -1.4% at $29.88 and -2.1% at $41.73 respectively, following Tesco, one of UK’s largest super market chain, downgrading their profit guidance overnight.