February 11, 2002
The Dow closed up almost 1.5% at 9887 on light volume. The Nasdaq 100 closed up 1.75% at 1477, but no sign of a break in the down-trend yet.
DuPont upgraded to 'outperform'
Salomon Smith Barney upgrades DuPont on news that it is considering options to hive off of its textiles and interiors business. (more)
Australia - ASX
The All Ords closed at 3419 on light volume, after equalling the previous high of 3425. Expect further resistance at this level. The MACD is still below its signal line.
Reserve Bank to keep rates low
Whilst generally optimistic about the local economy, the threat of a weakening Japanese economy outweighs the risk of higher inflation. (more)
Short-term: Wait for the MACD and Slow Stochastic to cross above their signal lines.
Long-term: Wait for a correction on the secondary cycle .
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