What a great year! We closed out 2010 with record gains. Our subscribers also enjoyed phenomenal returns (many of them with record gains) and we we are all looking forward to 2011. Rampage Trading has been growing by leaps and bounds. We have a few surprises for the upcoming year, so stay tuned. We want to wish everyone a Happy New Year and we hope you enjoy your holiday.
We are extremely happy with the way our company has grown over the course of this year. Most of our clients (both institutional and retail) have had their best trading year to date. We are very humbled by our accomplishments and continue to wish great success to all our subscribers and followers out there. Our software has the advantage of being developed and backed by some of the best Institutional Traders, Hedge Fund Managers, Quants and Analysts on Wall Street. We have been spending a lot of time working with our clients and our satisfaction comes not only from their kind words and compliments but also from their amazing yearly performance and phenomenal returns. Thank you all.
www.rampagetrading.com
Friday, December 31, 2010
Thursday, December 30, 2010
Closing Bell
Stocks dipped Thursday as investors locked in their positions at the end of the year. While U.S. markets fell slightly, stocks are set to end 2010 on an upbeat note: The S&P 500 index and the Dow Jones industrial average are both up 14 percent for the year, after dividends, thanks to record corporate profits. The Dow is back to levels last seen in August 2008, prior to the heat of the financial crisis, while the S&P might just eke out the best December in 20 years. Some investors are taking the last week of the month to sell and notch their profits. Others are selling stocks or funds that have lost money in order to reap the tax benefits.
The Dow Jones industrial average was off 15 points to 11,569. The S&P 500 edged down 2 to 1,257. The technology-focused Nasdaq composite index fell 4 to 2,662. Losses came across the market. Energy and telecommunications companies were the only ones among the 10 industry groups that make up the S&P index to post gains. The week has been marked by thin trading. Thursday was considered by many to be the last trading day of note because even fewer traders are expected to show up on Friday, the last day of the year. Investors received positive economic news. The Labor Department said that the number of Americans applying for unemployment benefits for the first time fell to its lowest point in nearly two and a half years, a sign that the job market is slowly improving. Applications dropped by 34,000 to 388,000, the fewest since July 2008. The Chicago Purchasing Managers Index for December showed that companies in the Midwest were faring better than analysts anticipated. The index, which surveys business conditions in the states of Illinois, Indiana and Michigan, came in with a reading of 68.6, up from 62.5 in the previous month. Economists had been expecting the index to drop to 61. Home sales also fared well. The National Association of Realtors said the number of people who signed contracts to buy homes rose in November, the fourth increase since contract signings hit a low in June. Its index of sales agreements for previously occupied homes increased 3.5 percent. However, with mortgage rates creeping up, investors worried over its effect on home sales. The average rate on 30-year fixed mortgages rose this week to 4.86 percent, the highest level in seven months. U.S. Treasurys are also down slightly, which has led to a slight bump up in yields. The yield on the benchmark 10-year bond rose to 3.37 percent, up from 3.35 at Wednesday's close. Rising and falling shares were even on the New York Stock Exchange. Floor volume came to 507 million shares.
The Dow Jones industrial average was off 15 points to 11,569. The S&P 500 edged down 2 to 1,257. The technology-focused Nasdaq composite index fell 4 to 2,662. Losses came across the market. Energy and telecommunications companies were the only ones among the 10 industry groups that make up the S&P index to post gains. The week has been marked by thin trading. Thursday was considered by many to be the last trading day of note because even fewer traders are expected to show up on Friday, the last day of the year. Investors received positive economic news. The Labor Department said that the number of Americans applying for unemployment benefits for the first time fell to its lowest point in nearly two and a half years, a sign that the job market is slowly improving. Applications dropped by 34,000 to 388,000, the fewest since July 2008. The Chicago Purchasing Managers Index for December showed that companies in the Midwest were faring better than analysts anticipated. The index, which surveys business conditions in the states of Illinois, Indiana and Michigan, came in with a reading of 68.6, up from 62.5 in the previous month. Economists had been expecting the index to drop to 61. Home sales also fared well. The National Association of Realtors said the number of people who signed contracts to buy homes rose in November, the fourth increase since contract signings hit a low in June. Its index of sales agreements for previously occupied homes increased 3.5 percent. However, with mortgage rates creeping up, investors worried over its effect on home sales. The average rate on 30-year fixed mortgages rose this week to 4.86 percent, the highest level in seven months. U.S. Treasurys are also down slightly, which has led to a slight bump up in yields. The yield on the benchmark 10-year bond rose to 3.37 percent, up from 3.35 at Wednesday's close. Rising and falling shares were even on the New York Stock Exchange. Floor volume came to 507 million shares.
Wednesday, December 29, 2010
Closing Bell
Stocks finished higher Wednesday as the market continued on pace for its best December in nearly twenty years. The Standard and Poor's 500 stock index has gained 6.7 percent this month. If it closes Friday at this level or higher, it will be the best December return for the index since 1991. Trading continued to be thin ahead of the New Year's holiday. In the absence of any fresh economic data or major corporate news, investors were attracted to the government's latest bond auction. Treasurys rallied and stocks also drew strength from the successful sale. Traders moods also appear to be buoyed by the mostly positive economic news of recent weeks. Strong corporate profits have helped push stocks higher for much of 2010. Stocks rose across the market, with eight of the 10 industry groups in the S&P index posting gains. Stock trading volumes on Wall Street are expected to be light throughout this week between the Christmas and New Year's holidays. Many investors have already closed their books for the year and are on vacation until January. Trading volume totaled just 2.3 billion shares on the New York Stock Exchange, where seven shares rose for every three that fell. Traders have been encouraged that Americans took out their wallets to shop during the holiday season, after two years of holding back. However, RBC's Dow warns that America cannot depend on consumers alone to pull it out of the trough this time.
Tuesday, December 28, 2010
Great Day!!!
Stocks closed barely changed Tuesday amid light trading ahead of the New Year's holiday. The blue-chip Dow Jones industrial average finished slightly higher, though stocks had dipped earlier on disappointing consumer confidence and home prices reports. The Dow edged up after Treasury prices fell in the wake of a weak bond auction in the afternoon. Fewer than expected buyers emerged for the government's auction of $35 billion five-year bonds. The yield on the 10-year Treasury note rose to 3.49 percent from 3.34 percent late Monday. Earlier in the day, the Conference Board announced that consumer confidence in the economy slid to a level of 52.5 in December, down from 54.3 in November, as Americans continued to fret about the high rate of unemployment. The market was expecting a slightly higher reading because of signs of improved consumer spending in the Christmas holiday season this year.
We caught a few points on the ES today and closed out a few swing and position trades with tremendous profits. Our software has the advantage of being developed and backed by some of the best Institutional Traders, Hedge Fund Managers, Quants and Analysts on Wall Street. It's no wonder so many of our subscribers are closing 2010 with record gains.
Rampage Trading utilizes cutting-edge technology by combining quantitative analysis, predictive analytics and other proprietary statistically backed formulas. We'll let our charts speak for themselves.
Monday, December 27, 2010
Closing Bell
Stocks were little changed Monday as investors focused on strong holiday shopping results and looked past an interest rate hike in China. Many traders stayed home because of the snow, but the absence of selling points to growing confidence about the U.S. economy. Data from MasterCard Advisors SpendingPulse survey estimates that U.S. retail sales between Nov. 5 and Dec. 24 rose 5.5 percent from last year. Wall Street is anticipating that Tuesday's consumer confidence index for December will reflect this optimism. Also expected on Tuesday is the widely-watched S&P/Case-Shiller house price index for October, which may not capture the exuberance seen in other more recent economic indicators. The Dow Jones industrial average ended the day down 18 points to 11,555. The Standard and Poor's 500 index gained 0.8 to 1,257. The Nasdaq composite index rose 1.7 points to 2,667. Monday's trading was particularly light after a massive blizzard swept the Northeast, disrupting commutes for many people in New York's financial industry. Activity was already expected to be slow in a week sandwiched between the Christmas and New Year's holidays. China's move over the weekend was the second time in three months that the country took steps to slow the pace of its economic expansion. Inflation jumped to its highest levels in two years in November. Any slowdown in China affects companies worldwide and can drive a decline in many stock markets. Bank of America Corp. estimates that emerging markets like China account for 80 percent of the world's economic growth.
Wednesday, December 22, 2010
Closing Bell
Major stock indexes edged up to two-year highs on Wednesday after a report showed that the U.S. economy grew faster than previously thought over the summer. The Commerce Department said the country's gross domestic product rose at an annual rate of 2.6 percent between July and September, a small increase from its earlier estimate of 2.5 percent. The Dow Jones industrial average rose 26 points to close at 11,559. The S&P 500 index rose 4 to 1,258. Both indexes closed at their highest levels since July 2008. The Nasdaq composite index gained 3 to 2,671. It was the highest close for the Nasdaq since Dec. 28, 2007. Trading was light ahead of the Christmas holiday on Friday. Rising stocks outnumbered falling ones by three to two on the New York Stock Exchange. Consolidated volume was 3.6 billion shares. December is shaping up to be a good month for stocks. The S&P 500 has risen 6.6 percent this month and the Dow has gained 5 percent. On Tuesday, the S&P 500 closed above the level it reached on Sept. 12, 2008, the last trading day before the collapse of Lehman Brothers at the height of the financial crisis. Bond prices fell slightly. The yield on the 10-year Treasury note rose to 3.35 from 3.30 late Tuesday.
Tuesday, December 21, 2010
+ 4 ES Points
Closing Bell
U.S. stocks rose on Tuesday as solid earnings and a flurry of merger activity underpinned a steady upward trend that reinforced investor optimism for the coming year. The S&P 500's close is on the cusp of closing levels not seen since before Lehman Brothers collapsed in September 2008, an important psychological barrier for investors at SPX 1,255. Financials led the way higher, continuing their December rally after underperforming the broader market for much of the year. The KBW bank index jumped 1.9 percent. Fund managers have been reallocating cash to equities from fixed income and reduced cash positions. While the S&P on Tuesday closed a hair below the 1,255 level breached on September 19, 2008, it surpassed the September 12, 2008 close of 1,251.70, which was the session before Lehman's bankruptcy. The S&P 500 notched another two-year high. The index has rallied 6.3 percent for the month and is up 12.5 percent for the year.
Friday, December 17, 2010
Software Update
A few days ago we mentioned that due to increased demand, time constraints and and limited licenses, the price for retail subscribers will be increasing to $500 per month starting January, 2011. We received quite a few emails from potential subscribers asking us if we would honor our current monthly software lease for a few more weeks.
We have mentioned this before but we are extremely happy with the way our company has grown over the course of this year. Many of our clients (both institutional and retail) have had their best trading year to date. We are very humbled by our accomplishments and continue to wish great success to all our subscribers and followers out there. Our software has the advantage of being developed and backed by some of the best players out there, i.e. Institutional Traders, Hedge Fund Managers, Quants and Analysts. We have been spending a lot of time working with our clients and our satisfaction comes not only from their kind words and compliments but also from their amazing yearly performance and phenomenal returns.
With that being said, we are happy to announce our decision to allow 25 new retail traders the opportunity to lease our software for a monthly fee of $99 per month. If you are interested, please email us at info@rampagetrading.com and we will place you on our waiting list. Our expected software license release date will be early January, 2011. You may also visit us at www.rampagetrading.com
Enjoy your weekend.
We have mentioned this before but we are extremely happy with the way our company has grown over the course of this year. Many of our clients (both institutional and retail) have had their best trading year to date. We are very humbled by our accomplishments and continue to wish great success to all our subscribers and followers out there. Our software has the advantage of being developed and backed by some of the best players out there, i.e. Institutional Traders, Hedge Fund Managers, Quants and Analysts. We have been spending a lot of time working with our clients and our satisfaction comes not only from their kind words and compliments but also from their amazing yearly performance and phenomenal returns.
With that being said, we are happy to announce our decision to allow 25 new retail traders the opportunity to lease our software for a monthly fee of $99 per month. If you are interested, please email us at info@rampagetrading.com and we will place you on our waiting list. Our expected software license release date will be early January, 2011. You may also visit us at www.rampagetrading.com
Enjoy your weekend.
Closing Bell
Stocks ended flat on Friday as investors shrugged off encouraging economic signs and a tax-cut package expected to lift economic growth. Trading ended shortly before President Barack Obama signed a tax bill into law. The $850 billion package extends Bush-era tax cuts for another two years and expiring unemployment benefits through next year. House Democrats had pledged to block the tax proposal, a compromise worked out between Obama and Senate Republicans. But the House passed the bill late Thursday night. Critics said the cost didn't justify the expected boost to economic growth. In a hopeful sign for the economy, the Conference Board said its index of leading economic indicators rose 1.1 percent in November, the fastest pace since March. The index - which tracks data such as orders for new goods and materials - rose 0.4 percent in October. Stocks wavered in a tight range Friday, a day after major indexes hit two-year highs. The Dow Jones industrial average fell 7 points to close at 11,491. The broader S&P 500 eked out another 2010 high. The index rose 1.04to close at 1,243. The Nasdaq composite rose 5 to 2,642. Rising shares barely outpaced falling ones on the New York Stock Exchange. Volume was 2 billion shares. Bond yields fell at the end of this year's last full week of trading. The yield on the 10-year Treasury dropped to 3.33, after notching a seven-month high of 3.56 percent on Thursday.
Thursday, December 16, 2010
+ 7 ES Points
A small drop in unemployment claims and a higher profit forecast by FedEx Corp. helped push stocks to two-year highs Thursday. The Labor Department said first-time claims for unemployment benefits fell last week to 420,000, the third drop in four weeks. The four-week average of claims also slid for the sixth straight week, reaching the lowest level since July 2008. That was before Lehman Brothers collapsed and markets seized up at the height of the financial crisis. Separately, the Commerce Department said housing starts rose slightly last month, reversing a two-month decline. The Dow Jones industrial average rose 41 to 11,499. The broader Standard & Poor's 500 index rose 7 to 1,242. The Nasdaq composite rose 20 to 2,637. Gains came across the market. All 10 company groups in the Standard and Poor's 500 index rose. Stocks have had a strong December. The Dow index has gained 4.5 over the last month. The S&P 500 has risen 5.3 percent. The yield on the 10-year Treasury fell to 3.42 percent from 3.53 percent the day before. Investors have been selling Treasurys as their outlook on the economy improves, sending yields on the bonds higher. The 10-year yield traded as low as 2.49 percent as recently as Nov. 4. The dollar fell 0.2 percent against an index of six heavily traded currencies. Gold fell 1.1 percent.
Wednesday, December 15, 2010
Closing Bell
Early gains in the stock market evaporated Wednesday after worries about Europe's debt crisis overshadowed signs of growth in the U.S. Bond prices fell, sending long-term interest rates higher again. The euro fell 1.2 percent against the dollar after Moody's said that it may lower Spain's credit rating. The stronger dollar hurts U.S. companies that do a lot of business overseas. The Standard & Poor's 500 index, the broadest measure of large U.S. companies, fell 0.5 percent. Stock prices started the day higher after reports showed that U.S. manufacturing industry is growing and inflation remains under control. The Federal Reserve said U.S. factory output rose for the fifth straight month in November. A separate report showed that consumer prices stayed flat last month. In the late afternoon, the Senate overwhelmingly passed a $858 billion package that will extend tax cuts passed during the Bush administration for another two years. The measure now goes to the House, where it is expected to pass despite complaints by Democrats over what they see as overly generous estate tax rates for the rich. The unfinished tax bill made some investors pause. The Dow Jones industrial average fell 19 to 11,457. The broader Standard & Poor's 500 index fell 6, to 1,235. The Nasdaq composite index fell 10 to 2,617.
Tuesday, December 14, 2010
Fed Day + 5 ES Points
The Dow Jones Industrial Average closed at its highest level since September 2008, lifted by better than expected retail sales in November, but a dim view of the pace of the economy's recovery from the Federal Reserve led stocks to pare gains in the final hour of trading. The Federal Open Market Committee issued the policy statement for its final meeting of 2010 at 2:15 pm ET and the Dow reached its best level of the session shortly after, peaking at 11,514, before beginning to fall back as the dollar strengthened. The Fed left rates unchanged and said it plans to continue its bond-buying program but it also made the point that the recovery hasn't been enough to make a dent in the unemployment rate. Overall, the blue-chip index gained 48 points, to close at 11,477. The positive finish was the Dow's fourth in the past five sessions and it's now up 10.1% year-to-date and 4.3% in December alone. The S&P 500 inched ahead by 1 point, to close at 1,242, while the Nasdaq Composite added 3 points, to settle at 2,628.
Another boring day as we only captured + 5 ES Points. We also initiated several new swing trades based on our charts signals.
Monday, December 13, 2010
Closing Bell & Software Update
Stocks ended flat Monday after expectations that a tax-cut package will pass the Senate kept them higher for much of the day. The tax-cut compromise brokered by the White House and Republicans was scheduled for its first Senate vote late Monday. If enacted, the package will extend tax cuts passed during the Bush administration for all income levels for another two years. It will also extend unemployment benefits through next year and put in place a one-year reduction in Social Security taxes. Economists expect the nearly $900 billion tax package to boost economic growth and increase the size of the budget deficit. House Democrats have pledged to block the measure unless tax rates rise for the nation's wealthiest estates. Traders were also encouraged by a handful of deals announced Monday. General Electric Co. is paying $1.3 billion to buy British oilfield company Wellstream Holdings PLC and Dell Inc. is spending $960 million for network storage company Compellent Technologies Inc. The S&P 500 index eked out a new 2010 high for the fourth time in four days. The index rose 0.06 point to 1,240. Other indexes took a late afternoon spill. The Dow Jones industrial average closed with a gain of 18, to 11,428, having been up as many as 70 points earlier. The Dow is now just 15 points from its 2010 closing high, reached Nov. 5. The Nasdaq composite index fell 12,to close at 2,624. That snapped a six-day streak in which the index notched new 2010 highs. Falling shares and rising ones were almost evenly matched on the New York Stock Exchange. Consolidated volume was 4.4 billion shares.
Boring day? Not quite. We nailed 5 ES points and opened several swing trade positions. We'll let our charts speak for themselves.
FYI - We have received a lot of email requests for our software release January 1, 2011. However, due to increased demand, time constraints and and limited licenses, the price for retail subscribers will be increasing to $500 per month.
Friday, December 10, 2010
Another Great Week!!!
An encouraging trade report and signs that a tax cut package would pass the Senate sent stocks to their highest levels in two years Friday. Bond prices fell for another day as investors expected the tax deal to lead to economic growth and higher budget deficits. The Commerce Department reported that the U.S. trade deficit fell to its lowest level in nine months in October. Growing demand for American goods overseas pushed exports to their highest level in more than two years. Separately, the Treasury Department said the federal government's budget shortfall hit $150.4 billion in November. Treasury prices dropped after the report was released, pushing their yields higher. The yield for the 10-year note rose to 3.33 percent, up from 3.21 percent late Thursday. The Standard & Poor's 500 index rose 7.40, or 0.6 percent, to 1,240. It was the third straight day that the S&P index closed at a new high for the year. The index has gained 11.2 percent this year and is now trading at the same price it did the week before Lehman Brothers filed for bankruptcy in September 2008. The Dow Jones industrial average rose 40, to 11,410. General Electric Co. led the 30 stocks that make up the index with a 3.4 percent jump to $17.72. GE said it planned to raise its dividend by 17 percent. The Nasdaq composite index rose 20, to 2,637. The Dow was the weakest of the three main stock average for the week, gaining just 0.3 percent. The S&P 500 added 1.3 percent and the Nasdaq rose 1.8 percent. Investors were encouraged to see that prospects were improving that the Senate would approve legislation aimed at avoiding sweeping tax increases Jan. 1. Negotiators added a few sweeteners to promote ethanol and other forms of alternative energy. A test vote was set for Monday. House Democrats have balked at the proposal to extend tax cuts, voting in a closed-door meeting Thursday not to allow the package to reach the floor for a vote without changes to scale back tax cuts for the rich.
We are extremely happy with the way our company has grown over the course of this year. Many of our clients (both institutional and retail) have had their best trading year to date. We are very humbled by our accomplishments and continue to wish great success to all our subscribers and followers out there. Our software has the advantage of being developed and backed by some of the best players out there, i.e. Institutional Traders, Hedge Fund Managers, Quants and Analysts. We have been spending a lot of time working with our clients and our satisfaction comes not only from their kind words and compliments but also from their amazing yearly performance and phenomenal returns. Many of our clients are closing out their year with record gains. Congratulations.
As mentioned a few days ago, due to increased demand and time constraints on our end, we have now suspended all new retail license requests for our software. We are working on adding a few more at the beginning of January. If you are interested, please email us and we will place you on the waiting list. info@rampagetrading.com
We are extremely happy with the way our company has grown over the course of this year. Many of our clients (both institutional and retail) have had their best trading year to date. We are very humbled by our accomplishments and continue to wish great success to all our subscribers and followers out there. Our software has the advantage of being developed and backed by some of the best players out there, i.e. Institutional Traders, Hedge Fund Managers, Quants and Analysts. We have been spending a lot of time working with our clients and our satisfaction comes not only from their kind words and compliments but also from their amazing yearly performance and phenomenal returns. Many of our clients are closing out their year with record gains. Congratulations.
As mentioned a few days ago, due to increased demand and time constraints on our end, we have now suspended all new retail license requests for our software. We are working on adding a few more at the beginning of January. If you are interested, please email us and we will place you on the waiting list. info@rampagetrading.com
Thursday, December 9, 2010
Closing Bell
Stocks edged up on Thursday, with the benchmark S&P 500 closing at a two-year high, a trend investors expect to continue through the rest of the year. Investors loaded up on bank stocks, which have risen 12.4 percent for the month. Late in the year, winning positions often attract buyers seeking to improve fund performance in a practice known as window dressing. The Nasdaq finished higher for the seventh straight day and closed at its highest level since December 2007. Expectations of reduced volatility suggest a steady climb through the rest of the year. The CBOE Volatility Index (VIX), a barometer of Wall Street anxiety, fell more than 2 percent to 17.25. The VIX usually moves inversely to the benchmark S&P index. The Dow was pressured by major manufacturer DuPont after it gave its outlook for 2011. DuPont slipped 1.1 percent to $48.32. A tentative agreement with congressional Republicans to extend tax breaks announced by President Barack Obama hit opposition from prominent Democrats. Wall Street wants the tax breaks to boost returns and spur growth, but news of the Democratic squabbling failed to rattle investors. The S&P 500 closed above 1,228, a resistance level that represents the 61.8 percent Fibonacci retracement of the 2007-2009 bear market slide, which has proven difficult for the index to stay above in recent sessions. A Labor Department report showed first-time claims for jobless benefits fell more than expected last week, which investors saw as positive after last week's disappointing payrolls figures.
A great day for us as we netted + 5 ES Points for the day and took several swing trade positions. We apologize for our technical glitch via our comments section. We will be looking to implement a new service ASAP.
A great day for us as we netted + 5 ES Points for the day and took several swing trade positions. We apologize for our technical glitch via our comments section. We will be looking to implement a new service ASAP.
Technical Difficulties
We are experiencing a few technical glitches with our comments system and we hope to have them resolved soon. Stay tuned.
Tuesday, December 7, 2010
Closing Bell
Stocks closed mixed Tuesday after enthusiasm over a deal to extend tax cuts faded.
Bond prices fell sharply as traders anticipated the tax cuts would boost economic growth but also lead to ballooning budget deficits. The yield on the 10-year Treasury note jumped to 3.13 percent, its highest level since June 22. President Barack Obama and Republican leaders agreed to a broad package of tax cuts and an extension of unemployment benefits. The compromise plan helped send stocks higher in the morning, briefly pushing the Standard & Poor's 500 index to its highest level since the peak of the financial crisis in September 2008. Private economists began raising their expectations for economic growth in response to the tax cut deal. Bond traders focused on another factor: the widening budget deficit. Estimates vary widely, but some put the total cost of the package in the range of $900 billion over the next two years.
As you can see, we have added a comments section to our blog where we will frequently post trade ideas and share market thoughts throughout the day. We highly encourage everyone to comment as well. We look forward to your participation.
Bond prices fell sharply as traders anticipated the tax cuts would boost economic growth but also lead to ballooning budget deficits. The yield on the 10-year Treasury note jumped to 3.13 percent, its highest level since June 22. President Barack Obama and Republican leaders agreed to a broad package of tax cuts and an extension of unemployment benefits. The compromise plan helped send stocks higher in the morning, briefly pushing the Standard & Poor's 500 index to its highest level since the peak of the financial crisis in September 2008. Private economists began raising their expectations for economic growth in response to the tax cut deal. Bond traders focused on another factor: the widening budget deficit. Estimates vary widely, but some put the total cost of the package in the range of $900 billion over the next two years.
As you can see, we have added a comments section to our blog where we will frequently post trade ideas and share market thoughts throughout the day. We highly encourage everyone to comment as well. We look forward to your participation.
Monday, December 6, 2010
Flat Day
Stocks spent most of Monday in a funk brought on by cautious comments about the economy from Federal Reserve Chairman Ben Bernanke. Hopes for a compromise on extending Bush-era tax cuts and unemployment benefits erased some of the losses. The Dow Jones industrial average ended down 20 points, breaking a three-day winning streak. Stock indexes traded in a tight range all day and volume was light. Stocks began the day on a sour note after Federal Reserve Chairman Ben Bernanke said the economic recovery is still struggling to become "self-sustaining" without government help. Treasury prices rose as investors put money into less risky assets. The yield on the 10-year Treasury note, which moves opposite to its price, fell to 2.95 percent from 3.00 percent late Friday. That yield helps set interest rates on many kinds of loans including mortgages. Gold for February delivery added $9.90 to settle at $1,416.10 an ounce. Silver gained 46.40 cents to settle at $29.735 an ounce.The dollar rose 0.4 percent against an index of six other currencies.
Friday, December 3, 2010
Easy Street + 42 ES Points This Week!!!
Stocks staged a late afternoon rally after spending most of the day weighed down by an unexpected rise in the unemployment rate. Indexes wound up closing higher for the third straight day. The Dow Jones industrial average rose 2.6 percent for the week, its best weekly gain since hitting a 2010 high on Nov. 5. The Dow is now just 0.5 percent below that level. Materials and energy companies led the rebound. Newmont Mining Corp. gained 3.1 percent and oil field services company Schlumberger Ltd. added 2.5 percent. The dollar fell 1.4 percent against an index of six other currencies. Oil and gold prices rose.
It just doesn't get any better than this. Whether we are day trading or swing trading or even position trading, our software just keeps nailing it again and again. We'll let our charts below speak for themselves. Congratulations to our subscribers on a fantastic week as well. Our clients are recording record gains and the Rampage Trading team keeps growing and prospering. We will be releasing a few more software licenses in the next few weeks so if you are interested, please email us at info@rampagetrading.com and we will place you on the waiting list. Have a great weekend.
It just doesn't get any better than this. Whether we are day trading or swing trading or even position trading, our software just keeps nailing it again and again. We'll let our charts below speak for themselves. Congratulations to our subscribers on a fantastic week as well. Our clients are recording record gains and the Rampage Trading team keeps growing and prospering. We will be releasing a few more software licenses in the next few weeks so if you are interested, please email us at info@rampagetrading.com and we will place you on the waiting list. Have a great weekend.
Thursday, December 2, 2010
Groundhog Day? + 7.5 ES Points
Wall Street rallied for a second day on Thursday as concerns about Europe's sovereign debt crisis waned, giving investors the chance to add to positions in winners among banks and retailers. More than two stocks rose for every decliner on the New York Stock Exchange, with bank stocks leading the way after Goldman Sachs said improving economic conditions will favor that sector. The European Central Bank allayed some concerns of a growing euro-zone crisis with hefty purchases of Portuguese and Irish debt. The European Central Bank, however, said it did not plan to increase the size of its liquidity program at this time.
Another great day. We'll let our charts do the talking.
Wednesday, December 1, 2010
Closing Bell
Stocks started December with a jump. The Dow Jones industrial average rose 249 points Wednesday, its biggest one-day gain since Sept. 1 and the sixth largest this year. An encouraging employment report and hopes that Europe's debt crisis may ease boosted major indexes on Wednesday, erasing nearly two weeks of losses. Bond prices and the dollar fell as investors moved money into riskier assets. Signs that the U.S. job market thawed in November jump-started the gains. ADP Employer Services, a payroll company, said small businesses added the largest amount of workers in three years last month, well ahead of what analysts had forecast.
Another victory today as we gained + 7 ES points and rung the register on several long swing trades. We hope our readers are taking advantage of this volatility as there are plenty of profitable opportunities day after day. We know our subscribers are capitalizing on these moves as many of them will finish the year with record gains.
Another victory today as we gained + 7 ES points and rung the register on several long swing trades. We hope our readers are taking advantage of this volatility as there are plenty of profitable opportunities day after day. We know our subscribers are capitalizing on these moves as many of them will finish the year with record gains.
Tuesday, November 30, 2010
URRE Swing Trade Winner
Afternoon Session ES + 4 Points
Monday, November 29, 2010
Welcome Back + 10 ES Points!
Stocks ended lower Monday on lingering fears that Europe's debt crisis will continue to spread even after Ireland gets bailed out. The Dow Jones industrial average dipped below 11,000 earlier, but recovered much of its losses late in the day. The Euro fell to a two-month low as investors flocked to the safety of the dollar and U.S. Treasuries. Gold prices also rose. Investors are worried that other weak European countries like Portugal and Spain will still need help even after the $90 billion bailout package for Ireland announced on Sunday. Some of those worries faded late in the day as traders shifted their focus to positive economic news. The Federal Reserve Banks of Dallas and Chicago both reported higher manufacturing activity in their areas.
We hope everyone enjoyed their holiday. Another great day as we netted over + 10 ES points. It's good to be back in the saddle.
Monday, November 22, 2010
+ 12 ES Points!
Bank shares weighed on Wall Street on Monday as Europe's smoldering debt crisis and fears of an insider trading probe in the United States sapped buying interest for most of the session. Risk aversion kicked in as stocks followed the euro's fall against the U.S. dollar after turmoil in Ireland's fragile coalition government overshadowed an agreed-on bailout of the country. The Dow Jones industrial average fell 24 points to 11,178. The Standard & Poor's 500 Index dipped 1.89 points to 1,197. But the Nasdaq Composite Index gained 13 points to 2,532.
What an amazing day. Our charts nailed the move in the ES today as we netted over 12 ES points. Not a bad day's work. Our subscribers have been catching amazing moves over the past few months and we are excited as Rampage Trading is growing by leaps and bounds. We have a few surprises for the upcoming year, so stay tuned. Our offices will be closed for the rest of this week and we want to wish everyone a happy turkey day and we hope you enjoy your holiday.
We are extremely happy with the way our company has grown over the course of this year. Many of our clients (both institutional and retail) have had their best trading year to date. We are very humbled by our accomplishments and continue to wish great success to all our subscribers and followers out there. Our software has the advantage of being developed and backed by some of the best players out there, i.e. Institutional Traders, Hedge Fund Managers, Quants and Analysts. We have been spending a lot of time working with our clients and our satisfaction comes not only from their kind words and compliments but also from their amazing yearly performance and phenomenal returns. Thank you all.
As mentioned a few days ago, due to increased demand and time constraints on our end, we have now suspended all new retail license requests for our software. We will advise when more become available. If you are interested, please email us and we will place you on the waiting list. Have a great holiday.
www.rampagetrading.com
Friday, November 19, 2010
Weekend Update
Stocks posted slight gains Friday after China took more steps to curb inflation, which traders fear could slow down the country's growth. China ordered its banks to hold more reserves, the second time it has done so in the past two weeks. The goal is to curb lending and avoid speculative bubbles. Inflation in China shot up to a more than two-year high last month. Investors also expect China to raise key interest rates as part of its effort to control inflation. The Dow Jones industrial average rose 22 to 11,203. The broader Standard & Poor's 500 index rose 3 to 1,199. The technology-focused Nasdaq composite index rose 3 to 2,518. The Nasdaq, which lost less than 0.1 percent, was the only major index to finish the week with a loss. The Dow and S&P 500 eked out weekly gains of less than 0.1 percent. Eight of the 10 industry groups that make up the S&P 500 index rose. Materials companies posted the largest gains with a 0.7 percent rise. Utilities and financial companies fell.
An excellent week for us and our clients. It's easy when you have the keys to the vault. Our software was designed by some of the biggest and best institutional players on Wall Street. We see what they see. Easy as that. We have shown chart after chart showcasing profitable day trades, swing trades and position trades. Our clients could not be more pleased. Our game plan remains the same. See our previous post.
As mentioned a few days ago, due to increased demand and time constraints on our end, we have now suspended all new retail license requests for our software. We will advise when more become available. If you are interested, please email us and we will place you on the waiting list. Have a great weekend.
An excellent week for us and our clients. It's easy when you have the keys to the vault. Our software was designed by some of the biggest and best institutional players on Wall Street. We see what they see. Easy as that. We have shown chart after chart showcasing profitable day trades, swing trades and position trades. Our clients could not be more pleased. Our game plan remains the same. See our previous post.
As mentioned a few days ago, due to increased demand and time constraints on our end, we have now suspended all new retail license requests for our software. We will advise when more become available. If you are interested, please email us and we will place you on the waiting list. Have a great weekend.
Thursday, November 18, 2010
Bounce?
Stocks bounded higher Thursday thanks to a jump in manufacturing activity and growing confidence that Ireland will resolve its debt crisis. Most eyes were glued on General Motors, an American icon which re-emerged from bankruptcy in the largest initial public offering in U.S. history. Its shares, trading under the symbol GM, rose 3.6 percent to $34.19. GM's stock amounted to 9.7 percent of all shares traded on the New York Stock Exchange. Stocks got an early boost from a surprisingly strong reading on manufacturing from the Federal Reserve Bank of Philadelphia. The report said factory orders in the mid-Atlantic region expanded at the fastest rate since December. Bond prices fell, pushing their yields higher. The yield on the 10-year Treasury note rose to 2.90 percent from 2.87 percent late Wednesday. The yield on the note, which is a widely used benchmark for consumer and business loans, traded as low at 2.49 percent on Nov. 4. The dollar fell 0.6 percent against an index of six currencies.
As mentioned in our previous posts, we were anticipating a move higher and boy did we get it. The market worked off its oversold condition today and with the ES closing in on 1200, we will be looking to establish new short positions across the board starting as early as tomorrow morning. A break above ES 1210-1214 will change our near-term outlook back to bullish.
As mentioned in our previous posts, we were anticipating a move higher and boy did we get it. The market worked off its oversold condition today and with the ES closing in on 1200, we will be looking to establish new short positions across the board starting as early as tomorrow morning. A break above ES 1210-1214 will change our near-term outlook back to bullish.
Wednesday, November 17, 2010
Closing Bell
Stocks ended mixed Wednesday as concerns that Ireland will need outside help to repay its debts were coupled with a steep drop in housing construction in the U.S.
Global stock markets have been rattled over the past week out of fear that Ireland will become the next European country to need a bailout. Greece was rescued in May after it became unable to contain runaway spending and lost the confidence of investors. Ireland is now struggling after a collapse in its housing market forced the country to take over three large banks. Retail stocks were among the few industries that posted gains. Target Corp.'s shares rose 3.9 percent after reporting earnings that beat analysts' forecasts. Competitors Costco Wholesale Corp., Macy's Inc. and J.C. Penny Co. each rose by 2 percent or more. Bond prices traded in a tight range. The yield on the 10-year Treasury note, which moves opposite its price, rose to 2.87 percent from 2.85 percent late Tuesday. Its yield is used as a benchmark for interest rates on mortgages and other consumer and corporate loans. The dollar fell 0.2 percent against an index of six currencies.
Global stock markets have been rattled over the past week out of fear that Ireland will become the next European country to need a bailout. Greece was rescued in May after it became unable to contain runaway spending and lost the confidence of investors. Ireland is now struggling after a collapse in its housing market forced the country to take over three large banks. Retail stocks were among the few industries that posted gains. Target Corp.'s shares rose 3.9 percent after reporting earnings that beat analysts' forecasts. Competitors Costco Wholesale Corp., Macy's Inc. and J.C. Penny Co. each rose by 2 percent or more. Bond prices traded in a tight range. The yield on the 10-year Treasury note, which moves opposite its price, rose to 2.87 percent from 2.85 percent late Tuesday. Its yield is used as a benchmark for interest rates on mortgages and other consumer and corporate loans. The dollar fell 0.2 percent against an index of six currencies.
Tuesday, November 16, 2010
Selling Pressure
Where to begin? Probably last Friday, as today felt almost like an exact replay, starting with a mega decline in Shanghai on inflation and tightening fears. That, of course, led to massive selling in all of the industrial commodities, which prior to QE2 had been rallying like crazy. Add in the emerging dollar strength, and you had the brew for a drubbing all around. Oh yeah, Korea hiked rates. The tightening is not confined to China by any means. There were a ton of headlines in Europe today, and yet, not actually any news. Mainly it was a lot of back and forth and conflicting lines regarding Ireland, which insists that it's okay and funded through the middle of next year. However developments could come any moment, especially with the European Financial Ministers meeting in Europe. At one point there was talk about Austria not wanting to pay into the Greek bailout, and Greek CDS skyrocketed. Of course, you can't talk about today without talking about the collapse in commodities, which includes soft commodities, industrial commodities, and the precious metals. Gold and silver got bludgeoned, proving once again that a hedge against market chaos, they are not. The currency market was also fascinating, because despite all the chaos in Europe, the euro didn't lose much...in fact it was up against the Swiss Franc and Japan.
All in all, a solid red day. As we mentioned yesterday, a time for caution was warranted. Our subscribers caught some great moves to the downside using their swing charts. Congratulations to those who did. Take a look at this AAPL chart that one of our subscribers sent in. An 18+ point profit. Excellent! How about the SPY chart? That was only good for 4+ points so far. Honestly, we can go on and on but we let the charts speak for themselves. We mentioned a break below 1180 SPX would change our stance and we got it. We expect a bounce in the next couple of days. We will be establishing new positions across the board accordingly with our chart signals and support/resistance areas of confluence. Good trading to all.
Monday, November 15, 2010
Running Out Of Steam?
Stocks slumped to a mixed finish Monday as the dollar posted its second day of gains over concerns that Europe is on the edge of another bailout. The rising value of the dollar, which hurts U.S. exports, resulted in stocks paring their gains late in the day. Stocks had risen for most of the day following a spike in corporate dealmaking and news that retail sales in October jumped to the highest level in seven months. Yields for Treasury bonds rose for the third straight day, lifting interest rates to their highest level in four months. The 10 year Treasury bond's yield rose to 2.95 percent, the highest since before the Federal Reserve announced that it would spend $600 billion to buy bonds in an attempt to spur the economy.
Our software subscribers have had a great run from our early September (market) buy signals and using our proprietary support and resistance levels, we have rode this move all the way up. Stepping back and reviewing our daily SPX chart, our support levels are still holding and if the SPX can remain above 1180, we feel there is a good shot at new highs this year.
Our software subscribers have had a great run from our early September (market) buy signals and using our proprietary support and resistance levels, we have rode this move all the way up. Stepping back and reviewing our daily SPX chart, our support levels are still holding and if the SPX can remain above 1180, we feel there is a good shot at new highs this year.
Saturday, November 13, 2010
Weekend Update
We continue to be big buyers on every dip. When a bullish market is in a persistent uptrend like we have seen over the past several weeks/months, overbought conditions occur. These are worked off by sharp and short-lived corrections like we are seeing. The SPX had a difficult time holding the breakout level of 1220 last week. So far, the pullback has been orderly, falling to its rising 20 day moving average. As long as price remains above our proprietary stop levels (SPX 1180-1200) levels as indicated in our attached chart, we will continue to be buyers on weakness. We still believe a rally into year-end is around the corner. Only a close below these levels will change our outlook. Keep an eye out for the financial sector as it looks poised for a move higher. Some stocks include MS, BAC, JPM and GS.
Due to increased demand and time constraints on our end, we have now suspended all new license requests for our software. We will let you know when more become available.
We appreciate all the emails requesting to be part of our subscription service. We now stand at 85 interested clients. If you are interested and have not yet contacted us, please do so at info@rampagetrading.com. Our team will be meeting soon to discuss our future plans.
Thursday, November 11, 2010
Closing Bell
Stocks tumbled Thursday after a disappointing outlook from Cisco Systems Inc. rattled a market already on edge as an economic summit of world leaders got under way in South Korea. Global leaders were sharply divided over currency and trade policies heading in to the Group of 20 summit meeting in Korea, and a sense of pessimism was hanging over the start of the meeting of top officials from rich and emerging economies. The Dow Jones industrial average fell 73 to close at 11,283, after trading down as much as 126 earlier in the day. The index fell for three out of the last four sessions. The Standard & Poor's 500 index fell 5 to 1,213. The Nasdaq composite dropped 23 to 2,555. Volume was a bit lighter than in recent days because of the Veterans Day holiday. Bond trading is closed for the holiday. Another good day as we were buying the morning weakness. Keep an eye out for the financial sector as it looks poised for a move higher. Some stocks include MS, BAC, JPM and GS.
Wednesday, November 10, 2010
Big Profits!
Today was a good day. As stated in our post yesterday, we viewed any weakness in this market as a buying opportunity. We were large buyers across the board this morning, buying select names that appeared as good risk/reward candidates on our swing charts and daily charts. The script could not have played out more perfectly as we are now positive on all our buys and moving our stops up to protect our profits as this market moves higher.
Thanks for all the positive emails from our subscribers and congratulations on a great day to you as well. Due to increased demand and time constraints on our end, we have now suspended all new license requests for our software. We will let you know when more become available.
Thanks for all the positive emails from our subscribers and congratulations on a great day to you as well. Due to increased demand and time constraints on our end, we have now suspended all new license requests for our software. We will let you know when more become available.
Tuesday, November 9, 2010
Just A Pullback?
We don't have much time tonight so we'll keep it brief. If you look at the attached SPY chart, you'll notice that this pullback today was merely just a healthy correction in this persistent uptrend. We are watching carefully to see if price will breach our important support level of SPY 120.50 in the next few days. If it does not, we expect a rally into year end that should take us to new highs.
We appreciate all the emails requesting to be part of our subscription service. We now stand at 85 interested clients. If you are interested and have not yet contacted us, please do so at info@rampagetrading.com. Our team will be meeting later this week to discuss our future plans.
Monday, November 8, 2010
Closing Bell
Wall Street retreated from a two-year high on Monday, weighed down by financial stocks and a stronger dollar. The broad S&P 500 has risen five straight weeks, supported by the Federal Reserve's plan to buy $600 billion of Treasuries to lower interest rates and reinvigorate a sluggish economy. Since the euro zone financial crisis, a popular trade has been to sell the S&P 500 when the euro falls against the dollar, but that correlation has frayed of late. The 22-day rolling correlation between the euro and the S&P E-mini futures was 0.52, compared with 0.89 just two weeks ago. Volume was light, with about 7.07 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, below the year-to-date daily average of 8.73 billion.
We appreciate all the emails requesting to be part of our subscription service. We now stand at 83 interested clients. If you are interested and have not yet contacted us, please do so at info@rampagetrading.com. Our team will be meeting later this week to discuss our future plans.
We appreciate all the emails requesting to be part of our subscription service. We now stand at 83 interested clients. If you are interested and have not yet contacted us, please do so at info@rampagetrading.com. Our team will be meeting later this week to discuss our future plans.
Friday, November 5, 2010
Trading Anyone?
What a great week! This market only wants to do one thing and that is to press higher. Notice our swing chart of the ES. A few of our clients, i.e. fund mangers, have been riding this trend long since 1075 ES. Do you think their clients are happy? 150 + ES points and counting? We think so. We really can't beat a dead horse as to how powerful our software is for every type of trader. We have also hit our maximum subscriber limit with our retail base and will not be extending any more subscriptions until we free up more time and additional manpower. However, we have been receiving a lot of feedback from potential clients asking us to provide a real-time alert service for our trades including but not limited to: Intraday E-Mini alerts, swing trade futures and stock alerts, option and ETF plays, e.t.c. If you would be interested in this, please shoot an email to info@rampagetrading notifying us of your interest. We are considering the service as an add-on for our existing client base but also for new and experienced traders. This service would be suitable for day traders, swing traders and position traders. We would provide you with advance notice of approaching trades, stop prices/entry prices and profit target levels. As far as price goes, the jury is still out but we want to make it fair for everyone so we were thinking around $100 per month. A small price to pay considering some of our clients are paying thousands per month. However, they have unlimited access to our software and us as well as many other advantages. Again, if you are interested, please email us at info@rampagetrading.com. If we feel we have enough interest and time, we will provide additional details. Have a great weekend.
Closing Bell
Stocks struggled to end barely higher Friday after a blowout report on job creation failed to extend a powerful rally this week driven by the Federal Reserve's latest plan to pump up the economy. The Dow Jones industrial average waffled between gains and losses for much of the day before ending with a gain of just 9 points. Earlier in the week the Dow reached its highest level since September 2008, just before the peak of the financial crisis, over enthusiasm about the Fed's $600 billion bond-buying program announced Wednesday. Stocks rapidly lost momentum Friday, despite a report from the Labor Department showing that employers added 151,000 jobs last month, the first gain since May and far more than analysts had anticipated. Treasury yields inched higher as investors trimmed their holdings of defensive investments. The yield on the 10-year note rose to 2.53 percent from 2.47 percent late Thursday. The dollar rose against other currencies, and commodity prices mainly rose.
Thursday, November 4, 2010
Bullish Action
Attached you will find a weekly chart of the SPY. It looks like we are at a crucial inflection point. The SPY took out its April highs and now the question is how high can it go? The answer is simple: Nobody knows. But what you can do, is play the charts like we do. Know your entry, keep updating your stops and let the market do its thing. We have done really well this past year. We are not here to brag but we hear so many people complain about how difficult this market is to trade. We could not disagree more. We have shown chart after chart showcasing profitable day trades, swing trades and position trades. Our software has worked excellent and we feel it will continue to outperform the market consistently year after year. Our clients could not be more pleased. So for now, keep moving up your stops as the market moves in your direction and let your winners run. Good trading to all.
Wednesday, November 3, 2010
Closing Bell
The Dow Jones industrial average reached its highest level in two years Wednesday after the Federal Reserve announced plans to buy $600 billion in Treasuries to stimulate the economy. The central bank had hinted for two months that it planned a major bond-buying program in order to encourage borrowing and spending by lowering interest rates. The Fed made more explicit commitments in its announcement than many investors had been expecting, which helped push stock indexes and most Treasury prices higher. The S&P 500 index, the measure most closely watched by professional investors, is still about 20 points, or 1.6 percent, below its high of the year. The technology-focused Nasdaq closed at its highest level for the year for the second straight day. The yield on the benchmark 10-year Treasury note, which moves opposite its price, remained at 2.59 percent. The yield on the 30-year bond, which won't be targeted by the Fed's bond-buying program nearly as much as investors had hoped, rose to 4.06 percent from 3.93 percent late Tuesday. Overall, it was a great day as we were buying support levels as evidenced by our charts.
Tuesday, November 2, 2010
Closing Bell
Major stock indexes rose Tuesday as investors awaited the results of Congressional elections, putting the Dow Jones industrial average near its highest point of the year. The Dow Jones industrial average rose more than 60 points. The Dow has now traded above its 2010 closing high of 11,205 four times over the past two weeks but failed to close above that level each time. The broader Standard & Poor's 500 index rose 9, to 1,193. The S&P 500, which is more closely watched than the Dow by professional investors, is also still below its 2010 high of 1,217, reached on April 23. The Nasdaq composite index rose 28, to 2,533. Bond prices rose slightly as investors anticipate the Fed ramping up purchases of government debt in the coming days. That drove the yield on the benchmark 10-year Treasury note down to 2.59 percent from 2.63 percent late Monday.
Monday, November 1, 2010
Not Yet!
Investors were reluctant to make big bets ahead of two events that could dictate the market's direction for the rest of the year and beyond, leaving stocks little changed at the close on Monday. The Dow Jones industrial average gained 5 points, to 11,124. The Standard & Poor's 500 Index added 1.02 points, to 1,184. The Nasdaq Composite Index dropped 2.57 points, to 2,504. Volatility crept back into the market today as we were finally stopped out on a few of our long positions. When we say stopped out, we mean that in the best profitable way. During this bullish uptrend, we have been moving up our stops to lock in profits. This is how professional traders make a positive impact to their bottom line. Remember, let your winners run and keep your losses small. Sounds easy? With the right tools, it is. Our software allows our traders to take advantage of the big moves while minimizing losses. We still have a few long positions with tight stops. Looking at our SPY chart, the bulls are still in control but the bears will be looking for a close below 117.75. Did you notice how the low on the SPY today corresponded with our stop? Coincidence? Not really. Our software was designed by some of the biggest and best institutional players on Wall Street. We see what they see. Easy as that. Good trading to all.
Friday, October 29, 2010
Weekend Wrap Up
Another great week as we caught plenty of trades and banked some nice coin. Congratulations to our software subscribers on an excellent week as well. Our inbox has been flooded with emails showcasing your winning trades and thoughts of gratitude. Thank you for all your kind words as we are here to share our success with you. We truly want to take our traders to the next level of their trading and we are humbled by your success with our software. We have spent many years and a lot of money developing our product. Our direct Wall Street experience is what separates us from the rest of the pack and we try to show example after example as we stay busy consulting our institutional clients, funds and money managers. Regardless, if you are not part of the Rampage Trading team, we hope you are experiencing the financial success we are and improving upon your trading P&L week after week. This market has given so many opportunities to catch some enormous profits and we hope you are.
Next week looks to be quite volatile and our chart is still on a buy and every dip should be bought unless we break the SPY 117.75 level. U.S. stocks ended on a flat note on Friday, wrapping up another strong month driven by expectations the Federal Reserve will flood the economy with cash next week. Investors kept trading to a minimum this week in anticipation of next Wednesday's announcement. Activity the last several weeks has been heavily influenced by hopes for a large round of asset buying. Investors are betting on volatility to rise after Wednesday's announcement and have been hedging against unexpected outcomes from the Fed meeting, as well as Tuesday's midterm elections. The CBOE Volatility Index (VIX) climbed about 13 percent this week, even as stocks rose marginally. The Dow Jones industrial average added 4.54 points, to 11,118. The Standard & Poor's 500 Index shed just 0.52 of a point, to 1,183. The Nasdaq Composite Index edged up just 0.04 point, percent, to 2,507.
Thursday, October 28, 2010
Consolidation
Stocks struggled to a mixed finish Thursday after weak earnings news weighed on the market. The Dow Jones industrial average lost 12 points, but broader indexes posted slight gains. The market had risen steadily in the opening moments of trading following a surprise drop in first-time claims for unemployment benefits, pushing the Dow up as high as 53. The Standard & Poor's 500 index rose 1 point to 1,183, while the Nasdaq composite rose 4, to 2,507. Not even a falling dollar could provide support for the market. Stocks and commodities have been very sensitive to the movement of the dollar in recent weeks. A decline in the dollar makes riskier assets priced in the currency, such as gold, oil and domestic stocks, more attractive to investors. Our charts are still showing strength and we just keep moving up our stops across the board in order to lock in our profits.
Wednesday, October 27, 2010
Still Long
U.S. stocks fell on Wednesday as investors dialed back expectations of how aggressively the Fed would act to stimulate the economy. In recent sessions, investors reduced their bets on the size and timetable of the Fed's potential purchases of Treasury debt. The Wall Street Journal furthered those expectations after reporting the Fed hoped to avoid a shock and awe approach. The Dow Jones industrial average dropped 43.18 points, to 11,126. The Standard & Poor's 500 Index lost 3.19 points, to 1,182. But the Nasdaq Composite Index gained 5.97 points, to 2,503. Even with the recent intraday weakness, our charts have not wavered and we remain long.
Tuesday, October 26, 2010
Groundhog Day?
Mixed earnings reports and a stronger dollar helped stocks finish about where they started Tuesday. The Dow Jones industrial average wavered within a 100-point range as traders attempted to parse the direction of the economy amid a drop in home prices, a batch of weak earnings reports and a slight rise in consumer confidence. The Dow Jones industrial average rose 5 points, or 0.1 percent, to 11,169. The Standard & Poor's 500 index rose 0.02 to 1,185, while the technology-focused Nasdaq composite index rose 6, or 0.3 percent, to 2,497. Traders were moving out of riskier assets as the dollar strengthened. A stronger dollar makes stocks and commodities more expensive because they are priced in dollars. The dollar rose against Japan's yen and the euro Tuesday. Not to sound like a broken record but early morning weakness dipped right into our chart support levels on the SPY which meant our subscribers were buying this dip. We can't tell you how often this happens on our charts and how much money can be made by utilizing these support and resistance levels on all charts and on all time frames. No weakness was incurred and the uptrend is still intact.
Monday, October 25, 2010
Closing Bell
Stocks rose modestly on Monday on growing expectations that the Federal Reserve will take steps to boost the economy. A falling dollar that contributed to a jump in commodity prices also helped push the Dow Jones industrial average up 31 points to its highest close since late April. Traders are widely expecting the Fed to expand its program to buy bonds as a way to stimulate the economy. That would push bond yields down and, in turn, would make stocks a more attractive investment. For the second time in the past week, the Dow eclipsed its highest closing level this year only to quickly pullback. It closed at 11,205 on April 26. The average rose 31, or 0.3 percent, to 11,164. The broader Standard and Poor's 500 index rose 2.5, or 0.2 percent, to 1,185, while the technology-focused Nasdaq composite index rose 11.4, or 0.5 percent, to 2,490. All in all, a solid day as the uptrend continues. We have moved our stops up across the board as we expect this next week to be quite volatile.
Friday, October 22, 2010
Closing Bell
The Dow Jones industrial average rose for a third straight week, capping a two-month period in which the index has ended 7 out of 8 weeks higher than where it started. Stocks ended on a mixed note Friday at the close of a busy week of earnings news. The Dow finished slightly down, while the broader Standard and Poor's 500 index and the technology-focused Nasdaq both ended with gains. The dollar rose slightly against other major currencies, but still remains near a 15-year low against Japan's yen. It's also near its lowest level of the year against the euro. The yield on the 10-year Treasury note rose slightly to 2.57 percent from 2.54 percent late Thursday. Bond yields move in the opposite direction of prices. The market continues to respond to the US dollar, and as it declines then stocks and commodities rise, and vice versa. That inverse relationship continues to be the trading catalyst. However, the market has been vertical since QE1 as the US dollar is devalued, which all means inflated asset prices, which we obviously have in stocks and commodities.
Thursday, October 21, 2010
Uptrend Still Intact
After a nice pop in the morning followed by a mild selloff mid-afternoon, the indices closed the day with gains. Bears really can't get excited here as we have not breached any levels of support. See our attached chart. It was another great day and we are looking to close this week with record gains. As mentioned on our website, we will be leasing our software program to a few more retail traders and once we fill these expanded slots, our time will be very limited as our focus will shift to the demand of our institutional clients. If you are interested, take a look at our website www.rampagetrading.com
Yawn... + 7 ES Points
Wednesday, October 20, 2010
Easy Breezy
For those of you who caught our last post in which we described our support level to a tee (SPY 116.75), it was safe to assume that we were big buyers around the lows yesterday using our SPY price level as a stop. We are now being rewarded VERY handsomely. If you were trying to swing trade short yesterday, we hope you kept your stops tight as we are zooming higher today. We are moving our stops up as we speak (long positions) and we will lock in nice profits should the market turn back down. Again and again, our charts did now waver from yesterday's weakness and we executed our plan perfectly. This is how you remain in this game. Plan your trade, trade your plan. It's really that easy. And it doesn't hurt that your software allows you to play with the big boys. Congratulations to our subscribers.
Tuesday, October 19, 2010
Coincidence?
Stepping back and reviewing the bigger picture, our attached SPY chart has been long from around 110. Only a close below the 115.75 level would put this uptrend in jeopardy. Did you notice the low on the SPY today? It was around 116. That was a hair away from our 115.75 level. Coincidence? As mentioned, our software was designed by some of the best institutional traders out there, so a test of that level is not surprising to us as we know the big players are watching this number as key support. Today was a great day with plenty of volatility and money making opportunities on our day trading and swing trading charts.
Closing Bell
A stronger dollar and a surprise interest rate hike in China helped push stocks sharply lower Tuesday. The Dow Jones industrial average fell below 11,000 for the first time in a little more than a week. It was the largest drop the stock market since early August. Disappointing news from Apple and IBM pushed the technology-heavy Nasdaq down about 2 percent. The dollar rose 1.7 percent against a basket of currencies, while gold fell 2 percent. For weeks, traders have been anticipating that the Federal Reserve will expand a program to buy bonds in hopes of encouraging spending. That has led many investors to buy stocks despite questions about the strength of the economic recovery.
Busy Day - Easy Money
It was a very busy day for us as we were initiating a lot of positions and working with some of our institutional clients. We have attached a chart of the ES that banked over 10 plus points. Congratulations to our subscribers who caught this move. Our charts just keep printing profitable trade signals. It doesn't matter if you are a day trader or swing trader or even a position trader, our charts have been nothing short of amazing.
Monday, October 18, 2010
AAPL
A few of our subscribers have wrote in inquiring about AAPL. Many of you are still long based on our charts and we recommend taking profits here. AAPL reports earnings after the close today and if you took this trade from the buy signal issued at $285, you are now up over 30 + points so please don't look a gift horse in the mouth. Take your money and move on to the next trade. We did. If AAPL has a blowout earnings report, so be it. You have banked some nice coin and there's plenty of other opportunities out there. Keep scouring your swing trade charts as they have been printing money lately. Once again, this was an easy trade and congratulations to those who caught it with our swing trade chart entry price.
Friday, October 15, 2010
Great Week!
Stocks across the board initially rose after Federal Reserve Chairman Ben Bernanke reiterated that the central bank is ready to do more to stimulate the economy. Bernanke's comments were the latest confirmation the central bank is about to step up its purchase of Treasury bonds to spark growth. But that burst of optimism couldn't fully overcome worries about how banks like Bank of America and JPMorgan Chase handled the foreclosure process on mortgages. Both banks, along with General Electric were the primary culprits in sending the Dow Jones Industrial Average down more than 30 points. The tech-focused Nasdaq composite index rose more than 1 percent with a boost from Google's 11 percent gain. No damage has been done to our attached SPY chart and the bulls still remain in control. This week was filled with plenty of excellent trades and our charts just keep printing profitable signals. But what would you expect considering our software was developed by some of the best quants and institutional traders out there. Don't come to the dance if you can't play their game is what we always say. Congratulations to our subscribers for a great week. Enjoy your weekend.
Nailed It! + 7 ES Points
Thursday, October 14, 2010
Patience
There's a saying that all good things come to those who wait. Today's little pullback did nothing but suck in a few more bears. You can't fool our charts. If you haven't heard, the POMO schedule was released yesterday and it's a doozy. Plenty of action over the next few weeks. Does this mean we can't go down? Of course not, but why risk your hard earned money when the trend is still clearly up. Don't be fooled by any bearish talk and fancy charts with many wiggles and lines. Keep it simple and look at the big picture. Our inbox was flooded today with emails from our subscribers showcasing their trades. Great job and congratulations to all! We are keeping very busy with our larger clients (institutional funds) so we apologize for the lack of posts but hopefully, you get the gist. Trading should be simple and great opportunities present themselves every day. Set your stops accordingly and let's keep the Rampage money machine rolling.
FXE
Wednesday, October 13, 2010
Groundhog Day
It feels like we are repeating ourselves over and over again. The market put in a solid rally today. Better-than-expected earnings reports from corporate bellwethers helped push stocks to their fourth day of gains on Wednesday. However, Intel Corp. and JP Morgan Chase both fell by more than a percent despite announcing double-digit gains in profits. The Dow is up 2.9 percent in October, and closed Wednesday at its highest level since May 3. The Dow has been up for 22 of the 31 trading days since the end of August. Does the SPY chart below look bearish? Why fight the trend? Our team and our subscribers have made a great deal of money lately and we will continue to do so by following our charts and placing our stops accordingly. Are we saying this to pat ourselves on the back and tell you our software is superior to any methodology out there? No. We are merely saying, no matter what approach you use to trade the markets, we really hope you caught a large part of this move and banked some nice coin. If not, we really urge you to rethink your strategy as the market has presented some unbelievable money making opportunities. As far as predictions of a market top go (which we hear everyday now), eventually someone will be right. But we will be ready to ring the register as our trailing stops will be profitably hit and we will move on to the next profitable trade.
Good Times
Worth Watching
The following stocks are poised to move higher. Entry price wil be critical. We recommend using your swing charts as stated in the Rampage Trading Manual. ASYS, RNOW, CCME, ATPG.
Tuesday, October 12, 2010
Not Yet
Mr. Market decided it wanted to suck in a few more bears as overnight weakness created a buying opportunity this morning. Stocks ended higher after minutes released from the latest meeting of the Federal Reserve showed that the central bank is ready to stimulate the economy. The Fed said that it was concerned that inflation was too low and that it would most likely keep its promise to buy bonds to encourage borrowing. This rally has been powerful and the U.S. dollar has continued to decline as the Fed and other central banks have inflated asset prices because of the Quantitative Easing programs started in July. However, we do not trade what we think and as professional traders, we trade what our charts tell us. Attached you will find a chart of the SPY. Again, if you have been on the right side, you have made a lot of money and for that, we congratulate you for sticking to your plan. This is what we do. As we have stated before, we are not worried about trying to call the top as there will be plenty of time to jump on the reversal.
ES BANK
Quiet
Yesterday was a quiet day but that didn't stop us and our subscribers from banking some nice coin. See our charts below. Even on a slow day, you'll always find something moving (long or short). The market is hovering near multi-month highs. Many of the sectors we follow are in strong uptrend's. We did take a few shorts yesterday and we will post those soon.
Monday, October 11, 2010
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