Monday, March 26, 2012

The S&P 500 at 4-Year High

Dear fellow traders,

At the end of the trading day 26 Apr 2012, The Standard & Poor's 500 Index (S & P 500) gained 19.40 points, or 1.39%, to 1,416.51 (19 March 2008 High was 1,414).

The Dow Jones industrial Average (DOW) was up 160.90 points, or 1.23%, to reach 13,241.63. The tech laden Nasdaq Composite Index (NDX) climbed 54.65 points, or 1.78% , to 3,122.57.

Mr Ben Bernanke, Chairman of the Federal Reserve (the Central Bank of USA), spoke to a conference at the National Association for Business Economics, that the FED will consider further, supportive monetary policy aka QE3 (quantitative easing) to faciliate the expansion of production and demand from consumers and businesses.

In his talk, Mr Bernanke said the USA economy needed to grow more quickly if it is to produce enough jobs to lower the high unemployment rate of 8.3%.

The S & P 500 has been up 25% since the end of September last year, mostly on the optimism of the continued economic growth. With stimulus from the Fed and an improving economy, the conditions for the stock market to go up further is hopeful.

Yours truly,

Tony Chai


andremelfi said...

.Dear Mr. Tony,

I am Andre from Indonesia....
good work for your trade...
are you still using STAR TRADING SYSTEM?
how is it going?
from 2010- 2012 how many percent have you got from that...
is it worth the money?also...
do we still need for pay for monthly?

Tony Chai said...

Hi Andre,

It depends on your trading capital.

If the software picks out more candidates and you have qualified them further to be potentially good trades, you can trade them all.

Frankly, I do not have a big capital to trade all qualified candidates.

This is a one-time payment system. But you need to pay a monthly fee for the stock scanning software but it's not too expensive.

I did not use this system in year 2012.

Hope this helps,