daytrades march 25 pre-market, page-14

Good morning,

US Stocks closed lower Wednesday as the dollar strengthened on fears tied to the growing fiscal crisis in Europe and a dour report on U.S. sales of new homes raised concerns about the economic recovery.

The Dow Jones industrial average (INDU) fell 53 points, or 0.5%. The S&P 500 index (SPX) slid 6 points, or 0.5%. The Nasdaq composite (COMP) dropped 16 points, or 0.7%. All three indexes remain near the highest levels since late September 2008.

Stocks opened lower after ratings agency Fitch cut Portugal's sovereign credit rating one notch, reigniting concerns that the debt problems of struggling European economies like Greece are spreading and could hurt stronger members of the European Union.

Analyst said "We had a nice run-up since the beginning of the week. Considering the negative news out of Europe, the strength of the dollar and the decline in commodity prices, the market is not doing too bad."

LONDON - European stocks ended broadly unchanged on Wednesday after rising and falling earlier in the day on the back of uncertainty on the outcome of Greece's debt crisis.

London's main FTSE 100 index rose 4.25 points, or 0.07 per cent, to 5,677.88 points.

FRANKFURT - The Dax added 21.73 points, or 0.36 per cent, to 6,039.

PARIS - The CAC 40 fell 2.74 points, or 0.07 per cent, to 3,949.81.

Oil prices slid on Wednesday as the dollar jumped against the euro on heightened fears about a debt crisis engulfing Greece and Portugal.

New York's main contract, light sweet crude for May delivery, dropped $US1.30 to $US80.61 a barrel.

The Australian market has received negative leads from overnight trading offshore, with Wall Street indices ending lower, along with oil and metals.

At 0708 AEDT on the Sydney Futures Exchange, the June share price index contract was 13 points lower at 4,892 points.

In economic news on Thursday, the Reserve Bank of Australia (RBA) Assistant Governor (economic), Philip Lowe, addresses the Australian Industry Group.

GOLD down $14.90 to US$1,088.80 an ounce
SILVER down 38.6c to US$ 16.641 an ounce
COPPER down 3.35c at US$3.3455 a pound

Date 25/3/2010
Author: David Ciampa
Source: The Australian Financial Review --- Page: 30 Azumah Resources (AZM) shares rose 34% on 24 March 2010, after the group released amaiden 350,100 ounce mineral resource estimate for its Julie prospect in Ghana. The rise came one week after Macquarie Group reduced its stake in Azumah to14.25%.

Date 25/3/2010
Author: Matthew Cranston
Source: The Australian Financial Review --- Page: 46 (AEU)Private investors have bought $A8 million worth of child care centres owned bythe Australian Education Trust, which is managed by Austock Property. Colliers International reported that nine properties were sold ahead of auction, atprices ranging from $A550,000 to $A1 million


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

Here's the most dangerous habits to have as a trader or investor. If you rely on any of them, please be aware that share trading or investing probably won't work:

Buying on emotion a sure bet for failure. Buying because you feel something is right in your gut is not a good reason.
Only knowing how to make money in rising markets. If property prices fall you can lose money but if share prices fall traders can make money.
Not using a stop loss to help you prevent BIG possible losses.