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February 4, 2004
The intermediate trend is up. A fall below Thursday's low of 10417 would signal reversal to a down-trend.
The primary trend is up. A fall below support at 9600 would signal reversal.
The intermediate trend has reversed downwards. Initial support is at 2000.
The primary trend is up. A fall below support at 1640 will signal reversal.
The intermediate trend is up. A fall below 1122 (Thursday's low) would signal reversal to a down-trend.
Short-term: Bullish if the S&P500 is above 1155. Bearish below 1122.
Intermediate: Bullish above 1155. Bearish below 960.
Long-term: Bullish above 1000. Bearish below 960.
The ISM non-manufacturing index jumped to 65.7, from 58 in December. (more)
The yield on 10-year treasury notes rallied to close at 4.124%, above preliminary support at 4.07%.
The intermediate trend is up.
The primary trend is up. A close below 3.93% would signal reversal.
New York (22.15): Spot gold recovered to $400.50.
The intermediate trend is down. Support is at 400.
The primary trend is up.
A fall below 3271 would signal an intermediate down-trend, with a likely test of support at 3160.
Short-term: Bullish above 3350. Bearish below 3271 (Thursday's low).
The primary trend is up. A fall below 3160 (the October 1 low) would signal reversal.
Intermediate term: Bullish above 3350. Bearish below 3160.
Long-term: Bearish below 3160.
Last covered on August 6, 2003.
SIG has been in a strong stage 2 up-trend for the past 3 years. Twiggs Money Flow displays an awe-inspiring accumulation signal over the entire period, never once crossing below zero.
We now see bearish signs appearing, with a false break above the previous high on the price chart, and a bearish divergence on Twiggs Money Flow. These are just warning signs at this stage, but a break below 6.00 would add strong confirmation, especially if accompanied by a similar reversal on the Relative Strength chart.
Last covered September 11, 2003.
Another Health Care Distributor, SHL, is in a creeping up-trend after a lengthy consolidation between 6.50 and 7.00. Twiggs Money Flow signals accumulation. Creeping trends can either accelerate into a fast trend, with no overlap between troughs and previous peaks, or reverse into a down-trend; so they should be monitored closely.
Last covered October 22, 2003. Gribbles is in a stage 1 base. Twiggs Money Flow continues to signal distribution.
Last covered September 11, 2003.
The last of the four ASX 200 Health Care Distributors, MIA has formed a stage 1 base in the shape of a bullish ascending triangle. Whilst Twiggs Money Flow may be falling, the stock should be monitored for accumulation signals. A break above resistance at 0.80 would be a bullish sign, especially if echoed on the Relative Strength chart.
The hard part is doing it.
~ Gen. H. Norman Schwarzkoff
Dow Jones Industrial Average and S&P
500 have been added to the list of Indexes.
If you screen US stocks you can now restrict your search to components of either of these indexes.
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