This blog will effectively analyze daily stock market trend analysis, market timing and the proper selection of the best stock/future/forex/commodity picks to maximize profit potential.


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

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