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.
Friday, December 3, 2010
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