Home Site Map About Us Privacy Policy Advertise (pdf) Contact Us
 
 
sitesearch
 

 
 
 

Trading Diary
February 25, 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 had another strong day, closing above the 10,000 resistance level, at 10,145 on reasonable volume - up almost 1.8%. If the Dow breaks above the 10,300 resistance level the secondary rally is likely to continue.
The Nasdaq 100 soared 3.8% to close at 1,407 but is still in a secondary cycle down-trend.
 
GM surprise
Citing better-than-expected sales, General Motors raised sales and earnings estimates for the quarter and the full year. (more)
GM is a lead indicator of the economy - "What is good for GM is good for America".
 
Australia - ASX
After an early rally the All Ords retreated to close amost unchanged at 3368 on low volume. The MACD and Slow Stochastic are both below their signal lines.
 

 
Back from the brink [AUN]
Banks agree to an extension of time for Austar to repay/rollover $400 million of overdue debt. (more)
 
Lihir - next? [LHG]
Newmont Mining CFO says that they will either quit their 9.7% stake in Lihir Gold or buy more. (more)
 




Conclusion
 
Short-term: Avoid new entries until there are positive signals from the MACD and Slow Stochastic (20,3,3).
Long-term: Wait for the US uncertainty to clear.
 
 
Colin Twiggs
 
 
P.S. We are trying out new Email software. Please report if you experience any problems with the trading diary.
 
Please forward this to your friends and colleagues.



 
Back Issues
Click here to access the Trading Diary Archives.
 


How Good Is Your Market Analysis?
Compare our market views.





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