27 October 2011 – More Progress

October 26. PSEi 4,224.76. -17.76 points. -0.42%.

DJIA 11,884.44. +177.82 points. +1.52%.
FTSE 5,553.24. +27.7 points. +0.5%.
DAX 6,016.07. -30.68 points. -0.51%.
CAC 3,169.62. -4.67 points. -0.15%.

The markets were strong, supported by more positive developments coming from Europe and the rest of the world.

The European summit has come and gone. Though more work remains to be done, much progress has been made. The bullish bias seems surprisingly persistent. I think it’s relatively safe to take one’s medium-term trading signals as usual. That’s what I’ll be doing. Caveat emptor.

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