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.
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Your software rocks Rampage.
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