Friday, February 11, 2011

The Dow extended its winning streak

Dear fellow traders,

On 9 Feb 2011, the Dow Jones Industrial Average extended its winning streak of 8 consecutive up days to close at 12,239; this despite the protest at Egypt, started back in 25 Jan 2011, to force Egypt's President Hosni Mubarak to resign.

As of this writing (11 Feb 2011), Egypt's Vice President, Mr Suleiman, has announced that Mr Mubrarak has officially stepped down and a military council would be running the country's affair.

On 11 Feb 2011, the Dow Jones Industrial Average was up +43.97 points to close 12,273.26, a fresh 2 and a half year high. The NASDAQ was also up an impressive +18.99 points (0.63%) to close at a session high of 2,809.44.

The following is an update of my trades with the Star Trading System.

There were a few trades which were stopped out in Jan 2011. The trades were better going into Feb 2011 as I closed those positions which made big intra-day price movement. For instance, one of these companies won a suit and their stock price gapped up about +$1.70 at the opening, which presented a great opportunity to close the position.

Review of Star Trading System

Warmest Regards,

Tony Chai


Anonymous said...

Awesome post. Do you mind if I ask what your source is for this information?