Trading Diary
November 27, 2001

This is my daily stock trading diary. It is intended to illustrate the techniques used in short-term share trading and should not be interpreted as investment advice. Full terms and conditions can be found at Terms of Use .




USA
The Dow closed down by more than 1% at 9872 on strong volume, following poor consumer confidence figures. A definite distribution day. Tech stocks faired only slightly better with the Nasdaq down to 1609.
 
Consumer Confidence
Consumer confidence recorded a further sharp fall in November as unemployment rises. (more)
 
The 'R' word
It's now official, economists pronounce that the US economy entered a recession in March. (more)
 
Australia  (ASX)
The All Ords continues to trend upwards, closing at 3291 on good volume.
 

 
Coles [CML]
Coles Myer closes up more than 5% on promises of a profit surge. (more)
Relative strength is still rather weak.
 

 
 




Conclusion
Take a breather today, while the Australian markets react to the drop in the US. Tighten up stops and avoid new trades.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
  • Please forward this to your friends or colleagues.
  • To be included on our mailing list, reply to this Email adding MAIL ME to the subject title. All details submitted are protected by our Privacy Policy.
Back Issues
Click here to access the Trading Diary Archives.
 





Back Issues
Access the Trading Diary Archives.