Due to communication difficulties, I am unable to post the trading diary update for Friday, January 03.
The Trading Diary will resume next week.
The index is building a base between 7500 and 9130.
The primary trend is down and will only reverse up if the average rises above 9076 (the high from December 02).
The Nasdaq Composite rallied 3.7% to 1385.
The primary trend is up.
The S&P 500 closed 30 points up at 909.
The index is ranging between 965 and 768, establishing a base.
The Chartcraft NYSE Bullish % Indicator appears stuck at 50% (December 31).
The Institute of Supply Management index of manufacturing activity jumped to 54.7 from 49.2. (more)
New York: Spot gold is down 230 cents at $US 345.30.
The index ranges between 2915 and 3050, building a base.
Slow Stochastic (20,3,3) is below its signal line; MACD (26,12,9) is above; Twiggs money flow is strengthening, signaling accumulation.
For further guidance see Understanding the Trading Diary.
The object of all work is production or accomplishment
and to either of these ends there must be forethought,
system, planning, intelligence, and honest purpose,
as well as perspiration. Seeming to do is not doing.
- Thomas Alva Edison