2011 has been a tough year to trade, especially for trend following strategies. Post August 2011, the market has been volatile with no clear indication of direction. Only Dow Jones closed the year on a slightly positive note while the rest of the European and Asian indices were negative.

Equity Markets

  • +4.49% (Dow Jones Industrial Average)
  • -1.12% (S&P 500)
  • -3.21% (NASDAQ)
  • -7.34% (FTSE 100)
  • -15.61% (DAX)
  • -18.68% (NIKKEI 225)
  • -18.22% (STI)
  • -19.00% (CAC 40)
  • -21.34% (Hang Seng)

The funny thing is that most of the problems are with Europe and US, but Asian markets received the greatest beating. Again, the market showed its irrationality.

Commodities

  • +10.14% (Gold ETF)
  • -10.14% (Silver ETF)

Trading Results for Dec 11:

Open trades:
Celgene – Bought $63.22 , now $67.59 (+6.9%)

Closed trades:
Olympus – Bought 740.4, sold 1,224.3 …