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, February 18, 2011

Great Week!!!

Late arrivals to the speediest rally in stocks since the Great Depression pushed stocks higher for a third week on Friday, despite growing signals of an overheating market. More than $8 billion flowed into U.S. equity funds for the week ended February 16, according to Thomson Reuters Lipper data. Analysts said investors appear reluctant to sell despite slack volume and a narrowing spread between winners and losers. About 7.2 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, far below last year's estimated daily average of 8.47 billion. But some point to a lack of sellers as the reason relatively few shares are changing hands.

On Friday the Dow Jones industrial average gained 73.11 points to 12,391. The Standard & Poor's 500 Index added 2.58 points to 1,343. The Nasdaq Composite Index edged up 2.37 points to 2,833. Advancing stocks outnumbered declining ones on the NYSE by a ratio of more than 4 to 3.

Our team at Rampage Trading has recently been awarded a large consulting contract with a multi-national institutional firm that will require much of our time throughout the trading day so our live trading chat room will be placed on hold until we return. We thank you for your support and we will keep you posted. Our awarded contract is just a further example of how powerful our software is both on the retail and institutional level.

3 comments:

  1. Congratulations:)) Sincerely, Jeneva

    ReplyDelete
  2. Congrats RT!!! Seminole Trader

    ReplyDelete
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    ReplyDelete

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