Weekend Wrap Up

Another great week as we caught plenty of trades and banked some nice coin. Congratulations to our software subscribers on an excellent week as well. Our inbox has been flooded with emails showcasing your winning trades and thoughts of gratitude. Thank you for all your kind words as we are here to share our success with you. We truly want to take our traders to the next level of their trading and we are humbled by your success with our software. We have spent many years and a lot of money developing our product. Our direct Wall Street experience is what separates us from the rest of the pack and we try to show example after example as we stay busy consulting our institutional clients, funds and money managers. Regardless, if you are not part of the Rampage Trading team, we hope you are experiencing the financial success we are and improving upon your trading P&L week after week. This market has given so many opportunities to catch some enormous profits and we hope you are.

Next week looks to be quite volatile and our chart is still on a buy and every dip should be bought unless we break the SPY 117.75 level. U.S. stocks ended on a flat note on Friday, wrapping up another strong month driven by expectations the Federal Reserve will flood the economy with cash next week. Investors kept trading to a minimum this week in anticipation of next Wednesday's announcement. Activity the last several weeks has been heavily influenced by hopes for a large round of asset buying. Investors are betting on volatility to rise after Wednesday's announcement and have been hedging against unexpected outcomes from the Fed meeting, as well as Tuesday's midterm elections. The CBOE Volatility Index (VIX) climbed about 13 percent this week, even as stocks rose marginally. The Dow Jones industrial average added 4.54 points, to 11,118. The Standard & Poor's 500 Index shed just 0.52 of a point, to 1,183. The Nasdaq Composite Index edged up just 0.04 point, percent, to 2,507.

Consolidation

Stocks struggled to a mixed finish Thursday after weak earnings news weighed on the market. The Dow Jones industrial average lost 12 points, but broader indexes posted slight gains. The market had risen steadily in the opening moments of trading following a surprise drop in first-time claims for unemployment benefits, pushing the Dow up as high as 53. The Standard & Poor's 500 index rose 1 point to 1,183, while the Nasdaq composite rose 4, to 2,507. Not even a falling dollar could provide support for the market. Stocks and commodities have been very sensitive to the movement of the dollar in recent weeks. A decline in the dollar makes riskier assets priced in the currency, such as gold, oil and domestic stocks, more attractive to investors. Our charts are still showing strength and we just keep moving up our stops across the board in order to lock in our profits.

Still Long

U.S. stocks fell on Wednesday as investors dialed back expectations of how aggressively the Fed would act to stimulate the economy. In recent sessions, investors reduced their bets on the size and timetable of the Fed's potential purchases of Treasury debt. The Wall Street Journal furthered those expectations after reporting the Fed hoped to avoid a shock and awe approach. The Dow Jones industrial average dropped 43.18 points, to 11,126. The Standard & Poor's 500 Index lost 3.19 points, to 1,182. But the Nasdaq Composite Index gained 5.97 points, to 2,503. Even with the recent intraday weakness, our charts have not wavered and we remain long.

Groundhog Day?

Mixed earnings reports and a stronger dollar helped stocks finish about where they started Tuesday. The Dow Jones industrial average wavered within a 100-point range as traders attempted to parse the direction of the economy amid a drop in home prices, a batch of weak earnings reports and a slight rise in consumer confidence. The Dow Jones industrial average rose 5 points, or 0.1 percent, to 11,169. The Standard & Poor's 500 index rose 0.02 to 1,185, while the technology-focused Nasdaq composite index rose 6, or 0.3 percent, to 2,497. Traders were moving out of riskier assets as the dollar strengthened. A stronger dollar makes stocks and commodities more expensive because they are priced in dollars. The dollar rose against Japan's yen and the euro Tuesday. Not to sound like a broken record but early morning weakness dipped right into our chart support levels on the SPY which meant our subscribers were buying this dip. We can't tell you how often this happens on our charts and how much money can be made by utilizing these support and resistance levels on all charts and on all time frames. No weakness was incurred and the uptrend is still intact.

Closing Bell

Stocks rose modestly on Monday on growing expectations that the Federal Reserve will take steps to boost the economy. A falling dollar that contributed to a jump in commodity prices also helped push the Dow Jones industrial average up 31 points to its highest close since late April. Traders are widely expecting the Fed to expand its program to buy bonds as a way to stimulate the economy. That would push bond yields down and, in turn, would make stocks a more attractive investment. For the second time in the past week, the Dow eclipsed its highest closing level this year only to quickly pullback. It closed at 11,205 on April 26. The average rose 31, or 0.3 percent, to 11,164. The broader Standard and Poor's 500 index rose 2.5, or 0.2 percent, to 1,185, while the technology-focused Nasdaq composite index rose 11.4, or 0.5 percent, to 2,490. All in all, a solid day as the uptrend continues. We have moved our stops up across the board as we expect this next week to be quite volatile.

Closing Bell

The Dow Jones industrial average rose for a third straight week, capping a two-month period in which the index has ended 7 out of 8 weeks higher than where it started. Stocks ended on a mixed note Friday at the close of a busy week of earnings news. The Dow finished slightly down, while the broader Standard and Poor's 500 index and the technology-focused Nasdaq both ended with gains. The dollar rose slightly against other major currencies, but still remains near a 15-year low against Japan's yen. It's also near its lowest level of the year against the euro. The yield on the 10-year Treasury note rose slightly to 2.57 percent from 2.54 percent late Thursday. Bond yields move in the opposite direction of prices. The market continues to respond to the US dollar, and as it declines then stocks and commodities rise, and vice versa. That inverse relationship continues to be the trading catalyst. However, the market has been vertical since QE1 as the US dollar is devalued, which all means inflated asset prices, which we obviously have in stocks and commodities.

Uptrend Still Intact

After a nice pop in the morning followed by a mild selloff mid-afternoon, the indices closed the day with gains. Bears really can't get excited here as we have not breached any levels of support. See our attached chart. It was another great day and we are looking to close this week with record gains. As mentioned on our website, we will be leasing our software program to a few more retail traders and once we fill these expanded slots, our time will be very limited as our focus will shift to the demand of our institutional clients. If you are interested, take a look at our website www.rampagetrading.com

Yawn... + 7 ES Points

Just another day, another dollar. Today was a daytraders delight. Attached you will find one of many charts that nailed it...again. This one was good for about + 7 ES points.

Easy Breezy

For those of you who caught our last post in which we described our support level to a tee (SPY 116.75), it was safe to assume that we were big buyers around the lows yesterday using our SPY price level as a stop. We are now being rewarded VERY handsomely. If you were trying to swing trade short yesterday, we hope you kept your stops tight as we are zooming higher today. We are moving our stops up as we speak (long positions) and we will lock in nice profits should the market turn back down. Again and again, our charts did now waver from yesterday's weakness and we executed our plan perfectly. This is how you remain in this game. Plan your trade, trade your plan. It's really that easy. And it doesn't hurt that your software allows you to play with the big boys. Congratulations to our subscribers.

Coincidence?

Stepping back and reviewing the bigger picture, our attached SPY chart has been long from around 110. Only a close below the 115.75 level would put this uptrend in jeopardy. Did you notice the low on the SPY today? It was around 116. That was a hair away from our 115.75 level. Coincidence? As mentioned, our software was designed by some of the best institutional traders out there, so a test of that level is not surprising to us as we know the big players are watching this number as key support. Today was a great day with plenty of volatility and money making opportunities on our day trading and swing trading charts.