daytrade diaries... september 14, page-16

Good Morning,

On the eighth anniversary of the September 11, 2001 terror attacks, the Dow ended down 22 points or 0.23%, while the S&P 500 closed 0.14% lower and the Nasdaq slid 0.15%.

Stocks slipped on Wall Street, snapping a five-day winning streak and pulling the major gauges down from their previous 2009 highs. Falling oil prices put the pinch on the big energy stocks, while commodities stocks and their underlying products were also weaker as investors looked to book some profits.


Some analysts are saying "The market continues to look pretty good. There's a lot of positives as we go into this week after an upbeat consumer [sentiment] survey and an upbeat outlook from FedEx [on Friday]. But surprises are still likely to be on the upside and on a day-to-day basis, we're getting more positives than negatives. That's a radical change after having had the world economy on the edge of collapse."

LONDON - Europe's main stock markets rose on Friday after US indices struck the highest levels this year on Thursday on growing optimism about the economic future.

In London the FTSE 100 index rebounded above 5,000 points, adding 23.79 points, or 0.48 per cent, to finish at 5,011.47 points.

FRANKFURT - The DAX added 29.25 points, or 0.52 per cent, to finish at 5,624.02.

PARIS - The CAC 40 index rose 29.02 points, or 0.78 per cent, to end the week at 3,734.89, its highest reading this year.


14 September
BXB Ex-Div. 12.5c
CSL Ex Div. 40c
DWS Ex-Div. 6c
EQT Ex-Div. 60c
GWT Ex-Div. 8.5c
IVC Ex-Div. 11.5c
MLB Ex-Div. 7c
MRM Ex-Div. 4c
OKN Ex-Div. 1.5c
OSH Ex Div. 2c
SMX Ex-Div. 15c
TGR Ex Div. 4c
WBB Ex-Div. 30c
WTF Ex-Div. 11c


Oil prices slumped on Friday as traders banked profits from a four-day rally spurred by growing optimism that the global economy is emerging from recession.

There was also concern that the high price is not justified, given supply levels remain high.

The Australian share market is expected to open flat on Monday, led by losses on Wall Street and after a week of strong gains in most major markets.

The gold miners may gain after the price of the precious metal jumped while energy stocks may slump after oil declined on Friday.

At 0700 AEST on the Sydney Futures Exchange, the September share price index contract was four points lower at 4594.
New York's main contract, light sweet crude for October delivery, finished at $US69.29 a barrel, down $US2.65 from Thursday's closing level.

Gold up $9.60 to US$1006.40 an ounce
Silver up 3c to US$16.70 an ounce
Copper down 3c to US$2.8465 a pound

http://www.marketwatch.com/
http://www.thebull.com.au/
http://www.news.com.au/business/


Did you know?

Rules to follow:

You should develop your own system of day trading. Because each of us has different personality and a particular trading strategy might not fit for everyone. Happy trading and never stop learning!