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


Trading Diary
April 10, 2002

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




USA
The Dow rallied 1.7% to close at 10381 on strong volume, after positive news from automakers and retailers. A classic bottom reversal signal from William O'Neil.
The Nasdaq Composite index rose 1.4% to close at 1767, with gains by chip stocks.
The S&P 500 is still ranging between 1070 and 1180, closing up 1.1% at 1130.
Yahoo
Yahoo raises its outlook for next year. (more)
 
Disney
Theme parks raise earnings hopes. (more)
 
Australia - ASX
The All Ords closed up at 3327 on low volume. The MACD is still below its signal line.



Gold stocks
Local gold stocks soften as gold falls below US$ 300.(more)

Sectors: Gold
XGO is still in a strong up-trend, with no sign of an imminent reversal.
 

 




Conclusion

Short-term: Avoid long.
Medium-term: Wait for a new high on the All Ords.
Long-term: Wait for the Nasdaq or S&P 500 to break above their January highs.


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