daytrade diaries... november 12, page-16

Good morning,

US Stocks ended higher Wednesday, with the Dow industrials finishing at a 13-month high for third straight day, after investor optimism rose on the expectation that interest rates would remain low for some time.

The Dow Jones industrial average (INDU) gained 44 points, or 0.4%, to end at 10,291.26. The S&P 500 (SPX) ticked up 6 points, or 0.5%, to close at 1,098.51, and the Nasdaq composite (COMP) rose 16 points, or 0.7%, to settle at 2,166.90.

Some analysts are saying "I think we'll have one more decent [market dip] next year, maybe for a couple quarters, when the Fed moves up the interest rate. Then we'll have a correction and that should largely end the big swings, beginning a steady increase."

London's benchmark FTSE 100 index of top shares rose 36.2 points, or 0.69 per cent, to 5,266.75 points, just shy of its best finish this year.

FRANKFURT - The DAX 30 rallied 55.15 points, or 0.98 per cent, to 5,668.35 points.

PARIS - The CAC 40 gained 28.8 points, or 0.76 per cent, to 3,814.39 points.

Oil prices rose on Wednesday as traders digested the latest demand growth forecasts from the Organisation of Petroleum Exporting Countries, and awaited this week's snapshot of US energy inventories.

At 0654 AEDT, New York's main contract, light sweet crude oil for delivery in December, settled 23 US cents higher at $US79.28 a barrel.

The Australian stock market has received positive leads from overseas, with Wall Street's key stock indices higher and commodities prices firmer.

At 0651 AEDT on the Sydney Futures Exchange, the December share price index contract was up 22 points at 4,790.
In economics news on Thursday, the Australian Bureau of Statistics releases its labour force report for October at 1130 AEDT.

The Westpac-Melbourne Institute Survey of consumer unemployment expectations for November also is due, as is the Melbourne Institute's survey of consumer inflationary expectations.

Gold up $12.10 to US$1114.60.30 an ounce
Silver up 31.5 US cent to US$17.537 an ounce
Copper down 0.45c at US$2.9660 a pound

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

The Most dangerous habits to have as a trader or investor.
Not understanding position sizing and how to calculate exactly how much of each share or other product to buy.