daytrade diaries... november 18, page-14

Good morning,

US Stocks recovered from early losses Tuesday, closing at 13-month highs for the second day in a row, as strength in commodity-linked shares offset weakness in the retail sector.

The Dow Jones industrial average (INDU) rose about 30 points, or 0.3%, to close at 10,437.42. The S&P 500 (SPX) gained 1 point to close above the key 1,100 level. The Nasdaq composite (COMP) advanced 0.3% to end at 2,203.78.
All three indexes are at their highest levels since October 2008.

LONDON - European stock markets wilted on Tuesday, in line with early trading on Wall Street, as investors took profits from big gains the day before.

The London FTSE 100 index shed 36.74 points, 0.68 per cent, to close at 5,345.93.

FRANKFURT - The DAX 30 fell 26.39 points, or 0.45 per cent, to 5,778.43.

PARIS - The CAC 40 lost 34.1 points, or 0.88 per cent, to 3,829.06.

Oil prices wavered on Tuesday as a rising dollar kept crude from moving higher, after fresh economic data gave mixed signals on whether demand for oil will increase.

At the close of floor trading, benchmark crude for December delivery was up 24 cents at $US79.14 a barrel on the New York Mercantile Exchange.

Australian shares may open higher on Wednesday after the prices of crude oil and copper gained overnight, while a report showed inflation was unlikely to be a problem.

At 0649 AEDT on the Sydney Futures Exchange, the December share price index contract was up 17 points at 4,765.

GOLD up 20c to US$1139.40 an ounce
SILVER down 1.3 US cent to US$18.387 an ounce
COPPER up 0.5c at US$3.1085 a pound

Today's Financial Calendar

Australia wage cost index, Q3
EU current account, Sep
EU construction output, Sep
UK minutes of BoE monetary policy meeting
US consumer price index (CPI), Oct
US housing starts & building permits, Oct
Australia Westpac-MI leading economic index, Sep
(AWB) - FY Results
(COY) - Annual General Meeting
(CUV) - Annual General Meeting
(LAU) - Annual General Meeting
(MML) - Annual General Meeting
(PPC) - Annual General Meeting
(RDM) - Annual General Meeting
(SEN) - Annual General Meeting
(VEL) - Annual General Meeting
(DEG) - Annual General Meeting (09:00 AM)
(EOL) - Annual General Meeting (09:00 AM)
(ALF) - Annual General Meeting (09:30 AM)
(FFI) - Annual General Meeting (09:30 AM)
(HLS) - Annual General Meeting (09:30 AM)
(MGX) - Annual General Meeting (09:30 AM)
(PLB) - Annual General Meeting (09:30 AM)
(AED) - Annual General Meeting (10:00 AM)
(AVX) - Annual General Meeting (10:00 AM)
(BAR) - Annual General Meeting (10:00 AM)
(BLT) - Annual General Meeting (10:00 AM)
(DTM) - Annual General Meeting (10:00 AM)
(ENL) - Annual General Meeting (10:00 AM)
(HJB) - Annual General Meeting (10:00 AM)
(JML) - Annual General Meeting (10:00 AM)
(LBY) - Annual General Meeting (10:00 AM)
(MET) - Annual General Meeting (10:00 AM)
(MMX) - Annual General Meeting (10:00 AM)
(RBR) - Annual General Meeting (10:00 AM)
(RMD) - Annual General Meeting (10:00 AM)
(RUL) - Annual General Meeting (10:00 AM)
(SSN) - Annual General Meeting (10:00 AM)
(MEO) - Annual General Meeting (10:30 AM)
(OEQ) - Annual General Meeting (10:30 AM)
(USA) - Annual General Meeting (10:30 AM)
(ADA) - Annual General Meeting (11:00 AM)
(CAB) - Annual General Meeting (11:00 AM)
(ESI) - Annual General Meeting (11:00 AM)
(HSN) - Annual General Meeting (11:00 AM)
(MCC) - Annual General Meeting (11:00 AM)
(QUE) - Annual General Meeting (11:00 AM)
(WAA) - Annual General Meeting (11:15 AM)
(TTH) - Annual General Meeting (11:30 AM)
(UXA) - Annual General Meeting (11:30 AM)
(AQD) - Annual General Meeting (12:00 PM)
(BCI) - Annual General Meeting (12:00 PM)
(EHL) - Annual General Meeting (12:00 PM)
(ACZ) - Annual General Meeting (01:00 PM)
(SFC) - Annual General Meeting (01:30 PM)
(SNL) - Annual General Meeting (02:00 PM)
(WAM) - Annual General Meeting (02:00 PM)
(WIC) - Annual General Meeting (02:00 PM)
(AYF) - Annual General Meeting (02:30 PM)
(EMA) - Annual General Meeting (02:30 PM)
(GRK) - Annual General Meeting (02:30 PM)
(MUT) - Annual General Meeting (02:30 PM)
(BSR) - Annual General Meeting (03:00 PM)
(CKP) - Annual General Meeting (03:00 PM)
(MEG) - Annual General Meeting (03:00 PM)
(WIL) - Annual General Meeting (03:45 PM)
(OEL) - Annual General Meeting (05:00 PM)
(SRV) - Annual General Meeting (05:00 PM)

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.

Worrying too much about taxes and commissions. Your objective should be to first nail down a worthwhile net profit. After all, if you’re not making a profit, you don’t have to worry about tax.