daytrade diaries... november 20, page-14

Good morning,

US Stocks tumbled for the second day in a row Thursday as concerns about the economic recovery resurfaced and the dollar strengthened.

The Dow Jones industrial average (INDU) was down 94 points, or 0.9%, according to early tallies .The S&P 500 (SPX) sank 1.3% to end below the key 1,100 point level. The Nasdaq composite (COMP) fell 1.6%.

Some analysts are saying "I think people are playing defense. The economic data we've seen recently doesn't encourage people to take on more risk in their portfolios. I think a lot of people are concerned that we've come too far, too fast,"

LONDON - Europe's main stock markets took a hit on Thursday amid renewed concern about the strength of recovery from the worst global economic crisis in decades after some mixed data and forecasts.

London's key FTSE 100 index fell 74.43 points, or 1.39 per cent, to 5,267.7.

FRANKFURT - The Dax 30 lost 85.43 points, or 1.48 per cent, to 5,702.18.

PARIS - The CAC 40 fell 67.94 points, or 1.77 per cent, to 3,760.22.

A global sell off on equity markets dragged down crude prices by nearly three per cent on Thursday, the first decline this week.

The price for a barrel of crude dropped by more than $US1 immediately when US markets opened, with the Dow Jones industrials giving down 130 points.

Benchmark crude for December delivery gave up $US2.12 to $US77.46 a barrel with one day remaining for the contract on the New York Mercantile Exchange.

Australian shares are likely to slump on Friday after US equities fell on a stronger dollar and more signs of a subdued US economic recovery.

Metals prices were higher, but the oil price fell.
At 0654 AEDT on the Sydney Futures Exchange, the December share price index contract was down 58 points at 4,700.

In company related news, Australian Securities and Investment Commission chairman Tony D'loisio will address an Australia-Israel Chamber of Commerce luncheon on "Post GFC - Understanding the key issues that have emerged and how ASIC is responding to them".

GOLD up .70c to US$1141.90 an ounce
SILVER up 4c to US$18.455 an ounce
COPPER down 2.95c at US$3.0810 a pound

Today's Financial Calendar
November 20 2009

Japan BoJ rate decision
EU producer price index (PPI), Oct
NZ credit card spending, Oct
(AHC) - Annual General Meeting
(AOE) - Annual General Meeting
(APD) - Annual General Meeting
(BVA) - Annual General Meeting
(CPI) - Annual General Meeting
(CPR) - Annual General Meeting
(EDE) - Annual General Meeting
(FMG) - Annual General Meeting
(FWD) - Annual General Meeting
(GBP) - Annual General Meeting
(HAP) - Annual General Meeting
(IAT) - Annual General Meeting
(IGR) - Annual General Meeting
(IVT) - Annual General Meeting
(JRL) - Annual General Meeting
(LAT) - Annual General Meeting
(MAB) - Annual General Meeting
(MAP) - Oct Traffic Result
(MBN) - Annual General Meeting
(RAW) - Annual General Meeting
(RBX) - Annual General Meeting
(RGD) - Annual General Meeting
(RHM) - Annual General Meeting
(SXG) - Annual General Meeting
(TTR) - Annual General Meeting
(VML) - Annual General Meeting
(WAL) - Annual General Meeting
(UUL) - Annual General Meeting (08:30 AM)
(PFG) - Annual General Meeting (09:00 AM)
(SMZ) - Annual General Meeting (09:00 AM)
(MEU) - Annual General Meeting (09:15 AM)
(ALY) - Annual General Meeting (09:30 AM)
(BOM) - Annual General Meeting (09:30 AM)
(CNX) - Annual General Meeting (09:30 AM)
(FIS) - Annual General Meeting (09:30 AM)
(AAT) - Annual General Meeting (10:00 AM)
(AVJ) - Annual General Meeting (10:00 AM)
(BTV) - Annual General Meeting (10:00 AM)
(COS) - Annual General Meeting (10:00 AM)
(CUL) - Annual General Meeting (10:00 AM)
(GBZ) - Annual General Meeting (10:00 AM)
(GSC) - Annual General Meeting (10:00 AM)
(HZN) - Annual General Meeting (10:00 AM)
(MNW) - Annual General Meeting (10:00 AM)
(MPD) - Annual General Meeting (10:00 AM)
(NHR) - Annual General Meeting (10:00 AM)
(PDM) - Annual General Meeting (10:00 AM)
(RVR) - Annual General Meeting (10:00 AM)
(BDG) - Annual General Meeting (10:30 AM)
(CHQ) - Annual General Meeting (10:30 AM)
(SPT) - Annual General Meeting (10:30 AM)
(TAS) - Annual General Meeting (10:30 AM)
(BEL) - Annual General Meeting (10:45 AM)
(AGD) - Annual General Meeting (11:00 AM)
(CMY) - Annual General Meeting (11:00 AM)
(EBG) - Annual General Meeting (11:00 AM)
(IAT) - Annual General Meeting (11:00 AM)
(LBT) - Annual General Meeting (11:00 AM)
(MRN) - Annual General Meeting (11:00 AM)
(MWS) - Annual General Meeting (11:00 AM)
(ROL) - Annual General Meeting (11:00 AM)
(SGM) - Annual General Meeting (11:00 AM)
(BPK) - Annual General Meeting (11:30 AM)
(CHZ) - Annual General Meeting (11:30 AM)
(EEE) - Annual General Meeting (11:30 AM)
(NHH) - Annual General Meeting (11:30 AM)
(MOX) - Annual General Meeting (11:45 AM)
(EXE) - Annual General Meeting (12:00 PM)
(EXM) - Annual General Meeting (12:00 PM)
(KAS) - Annual General Meeting (12:00 PM)
(RUR) - Annual General Meeting (12:00 PM)
(BRW) - Annual General Meeting (12:30 PM)
(CYL) - Annual General Meeting (12:30 PM)
(EMG) - Annual General Meeting (12:30 PM)
(WGP) - Annual General Meeting (12:30 PM)
(KAS) - Annual General Meeting (01:00 PM)
(MII) - Annual General Meeting (01:00 PM)
(MRY) - Annual General Meeting (01:00 PM)
(NVT) - Annual General Meeting (01:00 PM)
(HRR) - Annual General Meeting (02:00 PM)
(MTD) - Annual General Meeting (02:00 PM)
(MHC) - Annual General Meeting (02:30 PM)
(RRS) - Annual General Meeting (02:30 PM)
(GCL) - Annual General Meeting (03:00 PM)

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

"The best traders have no ego. You have to swallow your pride and get out of the losses." - Tom Baldwin