daytrade diaries tuesday

The DOW rallies 299 points (industrials,energy and materials doing well) on Obama's promise to spend up big on infrastructure.

Oil pops above $43 as Opec talks about possible production cuts, and coal stocks also rally on this news.

You'll be pleased to hear that sales at Maccas were up 7.7% in November. I guess it's American consumers soothing their econmically frazzeled nerves by stuffing even more fast food into their svelte bodies. Me, I just like to drink more (picked up a Penfolds Koonunga Hill Chardy for under $12 yesterday).

AIO could be an interesting one today. On Friday it began to break down out of a symmetrical triangle, but reversed that trend yesterday and could be poised to break up strongly today.

I traded and loaded up on MCW yesterday even though there is a big seller still offloading. Perhaps one to consider for a longer term.

MGR continues to provide intraday swings and also looks good on the daily chart.

GPT is also worth watching for a trendline break.