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 fell slightly to 9907 on
normal volume, while the Nasdaq 100 closed down 1.4% at
Gold futures climbed to a two week high on
the back of market concerns about
Stocks of TMP
Worldwide, operator of Monster.com, fell on concerns
about accounting practices. (more)
Australia - ASX
The All Ords retreated to close at 3386 on
strong volume. The 20-Day Slow Stochastic dipped to below
its signal line, signaling that conditions are not right
for further new entries.
Traders take profits before the
Short-term: The MACD is still above its signal line but the
20-Day Slow Stochastic has crossed below. Avoid new trades
until there is clear direction.
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