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
The Dow climbed another 1.6% to close
at 9920 on strong volume, while the Nasdaq 100 made a
weaker rally, to 1550.
Proctor & Gamble leads the market up,
announcing good results. (more)
Walt Disney Co.
reported a more than 50% drop in first quarter earnings,
excluding one-off items, on a 5% fall in revenue.
Australia - ASX
The All Ords rose strongly to close at
3404 on good volume, near to its high of 3425.
The MACD has crossed to above its signal line, signaling a
market entry point. Coming so soon after a bearish
divergence, it will pay to be cautious and only enter
trades where stop losses can be placed within tight
Qantas moves register to rival, ASX
Perpetual Registrars (more)
Lang Corp and
The pair's National
Rail Consortium will acquire FreightCorp and National
Rail for $1.05 billion. (more)
Short-term: The MACD has signaled a market entry
point. Approach the market with caution as the MACD
has just completed a bearish divergence.
Only take trades where stop losses can be set within
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