sitesearch
 

 

Trading Diary
January 16, 2002

These extracts from my daily stock trading diary are intended to illustrate the techniques used in short-term share trading and should not be interpreted as investment advice. Full terms and conditions can be found at Terms of Use .




USA
The Dow fell by more than 2% to close at 9712 on strong volume. The S&P 500 closed down 1.6% and the Nasdaq 100 was down 3.3%.
 
Intel and JP Morgan raise recovery concerns
Intel cuts back on capital spending and JP Morgan misses profit forecasts due to bad loans to Enron and Argentina. (more)
 
Australia - ASX
The All Ords rallied to 3367 on reasonable volume, as buyers entered the market at the 3350 support level. There is still no market signal from the MACD.
 

 
Flight Centre soars [FLT]
Flight Centre bravely forecasts a 10% increase in half year profits. (more)
 




Conclusion
Short-term: Stay out while the Dow falls.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
Please forward this to your friends and colleagues.
To be included on our mailing list, reply to this Email adding MAIL ME to the subject title. All details submitted are protected by our Privacy Policy.
 
Back Issues
Click here to access the Trading Diary Archives.
 


Perfect Your Market Timing
Learn how to manage your market risk.





The weekly Trading Diary offers fundamental analysis of the
economy and technical analysis of major market indices,
gold, crude oil and forex.
The monthly What's New newsletter covers new articles
on Trading and the Economy, as well as new software updates.




Back Issues
Access the Trading Diary Archives.





 
Top of Page