December 24, 2002
The primary trend is down and will only reverse up if the average rises above 9130.
The Nasdaq Composite closed 13 points down at 1368.
The primary trend is up.
The S&P 500 closed 7 points down at 890. The index is ranging between 965 and 768, establishing a base.
The Chartcraft NYSE Bullish % Indicator appears stuck at 50% (December 24).
Oil, gold and the dollar all point towards higher prices. (more)
New York: Spot gold is testing resistance at $350, up 390 cents at $US 349.20.
The index continues to range between 2915 and 3050, building a base.
MACD (26,12,9) crossed to above its' signal line; Slow Stochastic (20,3,3) is above its' signal line; Twiggs money flow signals accumulation.
For further guidance see Understanding the Trading Diary.
is to provide you with enough time to enjoy some of it.
- Michael Leboeuf.