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November 24, 2003
The intermediate trend is down. Expect support at 9500 and 9230.
The primary trend is up. A fall below support at 9000 will signal reversal.
The intermediate trend is down. Expect support at 1840 and 1780.
The primary trend is up. A fall below support at 1640 will signal reversal.
The intermediate trend is down.
Short-term: Bullish if the S&P500 is above the high of 1064. Bearish below 1034 (Tuesday's low).
Intermediate: Bullish above 1064.
Long-term: Bullish above 960.
The dollar recovered against the yen and euro on thin pre-holiday trade. (more)
The yield on 10-year treasury notes gapped up to 4.23%, a bullish sign.
The intermediate trend is down after bearish equal highs below a higher peak.
The primary trend is up.
New York (20.13): Spot gold retreated to $391.40.
The intermediate trend is up.
The primary trend is up. Expect resistance at 400 to 415.
MACD (26,12,9) is below its signal line; Slow Stochastic (20,3,3) has whipsawed back below its signal line.
Short-term: Bullish if the All Ords rises above Thursday's high of 3206. Bearish below Thursday's low of 3189.
Twiggs Money Flow (100) signals distribution after a bearish triple divergence.
Intermediate term: Bullish above 3250. Bearish below 3160.
Long-term: Bearish below 3160.
Last covered on March 12, 2003.
WYL has broken downwards after a September-October double top and appears headed for a test of the primary supporting trendline. Twiggs Money Flow (100) is bearish after a sharp fall below the previous low.
and the deeper it sinks into the mind.
~ Samuel Coleridge.
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