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.
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