US Volatility Indices
We have added the following volatility indexes to the CBOE menu:
  • NASDAQ Market Volatility Index [VXN]
  • SPX (S&P 500) Market Volatility Index [VIX]
  • OEX (S&P 100) Market Volatility Index [VXO].
A list of all US indexes is available at Index Menu.



Trading Diary
February 17, 2004

These extracts from my daily trading diary are for educational purposes and should not be interpreted as investment advice. Full terms and conditions can be found at Terms of Use .




USA
US markets were closed Monday for Washington's birthday.


ASX Australia
The All Ordinaries formed an inside day, closing up at 3346. The strong close and higher volume signal buying support, favoring another test of resistance at 3350.
Short-term: Bullish above 3350. Bearish below 3266.


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.




Stock Coverage
 Stocks will be covered in the mid-day report, with US indices.





About the Trading Diary has been expanded to offer further assistance to readers, including directions on how to search the archives.

Colin Twiggs


The opponent in one's own head is more formidable
than the one on the other side of the net.

~ Tim Gallwey.



 
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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.