Trading Diary
January 30, 2002
These extracts from my daily stock trading diary are 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 bounced back 1.5% to close at 9762 on big volume, while the Nasdaq 100 rallied to 1538.
 
The Fed
The Federal Reserve Board 30 January meeting leaves interest rates unchanged. Now futures markets are anticipating future rate hikes. (more)
 
AOL Time Warner
The media giant expects to take a record $40 to $60 billion charge to cover merger expenses. (more)
 
Australia - ASX
The All Ords reacted to yesterday's Dow with restraint, falling to 3374 on normal volume.
 

 
Westpac [WBC]
Job cuts expected as Westpac plans a head office restructure. (more)
 
Woodside[WPL]
Woodside is knocked out of the bidding for the assets of Veba Oil. (more)
 




Conclusion
Short-term: Wait for the MACD signal.
Long-term trades: Wait for a correction on the secondary cycle.
 
Colin Twiggs
 
 
P.S. We are trying out new software. Please report if you experience any display problems with the trading diary.
 
Please forward this to your friends and 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.


Colin Twiggs

Author: Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.

Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.

Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.

He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.