Monday, February 28, 2011
Tuesday, February 22, 2011
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.
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.
Monday, February 14, 2011
CMG
Monday, January 31, 2011
Closing Bell
Energy stocks led indexes higher Monday, the first day of trading since the growing unrest in Egypt caused the largest one-day drop in the broad stock market in more than three months. Bond prices fell slightly, sending their yields higher. The yield on the benchmark 10-year Treasury note rose to 3.38 percent from 3.33 percent late Friday. Bond prices rose Friday because investors sought less risky assets. Stronger economic data in the U.S. also helped push stocks higher. The Commerce Department reported that consumers increased their spending in December by more than analysts had predicted. Spending for all of 2010 rose by the largest amount in three years. Two stocks rose for every one that fell on the New York Stock Exchange. Volume came to 1.2 billion shares.
The Dow Jones industrial average gained 68 points, to close at 11,891. The broader Standard and Poor's 500 index rose 10 to 1,286. The Nasdaq composite index gained 13to 2,700.
The Dow Jones industrial average gained 68 points, to close at 11,891. The broader Standard and Poor's 500 index rose 10 to 1,286. The Nasdaq composite index gained 13to 2,700.
Friday, January 14, 2011
Closing Bell
JPMorgan Chase & Co. and other banks drove stock indexes higher Friday. JPMorgan rose 1 percent after reporting that its income soared 47 percent in the fourth quarter. The bank set aside less money to cover bad loans and said it expected to get permission from the Federal Reserve to raise its dividend. Wells Fargo & Co., Bank of America Corp. and other large banks also rose on hopes that they too would be able to raise dividends. Banks slashed their dividends during the financial crisis to conserve cash. Investors have been urging banks to raise their dividends now that many of them are making money again. The Dow Jones industrial average gained 55 points to 11,787.38. The Standard & Poor's 500 index rose 9 to 1,293. The Nasdaq rose 20 to 2,755.30. Gains were spread across the market. Consumer staples companies were the only one of the 10 company groups that make up the S&P 500 index to fall. Financial companies gained the most, 1.7 percent. Bank of America Corp. jumped 3.2 percent to lead the 30 stocks that make up the Dow. Merck & Co Inc. had the largest fall, 1.3 percent. The Labor Department reported that consumer prices rose 0.5 percent last month, the largest increase since June 2009. However, 80 percent of the increase was due to higher gas prices, meaning that the risk of widespread inflation remains low.
Monday, January 3, 2011
Closing Bell
Stocks started 2011 with a big lift on Monday, and that could be a promising sign for the rest of the year. Investors call it the "January barometer." According to the Stock Trader's Almanac, a gain in the Standard and Poor's 500 stock index over the first five days of January has led to annual gains nearly 90 percent of the time. Signs that the economy is improving pushed stock indexes higher on the first trading day of the year. Manufacturing activity and construction spending both rose more than analysts were predicting. The Institute of Supply Management's index of manufacturing activity rose in December for the 17th straight month. Separately, the Commerce Department said construction spending rose 0.4 percent in November. The Dow Jones industrial average rose 93 points to close at 11,670, its highest close since Aug. 28, 2008. The index had been up as many as 134 points earlier in the day. The S&P 500 gained 14 to 1,271. The Nasdaq rose 38 to 2,691. The gains were broad. All 10 company groups that make up the S&P index rose. Financial companies led the way with a 2.3 percent jump. Treasury prices fell as the better economic news weakened demand for low-risk investments. The yield on the 10-year Treasury note, which rises as its price falls, moved up to 3.34 percent from 3.29 percent late Friday. Small companies, which are considered riskier investments, surged. The Russell 2000, which tracks the performance of smaller stocks, jumped 1.9 percent. That's nearly twice as big as the gain posted by the Dow, which tracks large companies. The dollar edged up 0.2 percent against an index of six heavily traded currencies.
Friday, December 31, 2010
Happy New Year!!!
What a great year! We closed out 2010 with record gains. Our subscribers also enjoyed phenomenal returns (many of them with record gains) and we we are all looking forward to 2011. Rampage Trading has been growing by leaps and bounds. We have a few surprises for the upcoming year, so stay tuned. We want to wish everyone a Happy New Year and we hope you enjoy your holiday.
We are extremely happy with the way our company has grown over the course of this year. Most 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 Institutional Traders, Hedge Fund Managers, Quants and Analysts on Wall Street. 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. Thank you all.
www.rampagetrading.com
We are extremely happy with the way our company has grown over the course of this year. Most 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 Institutional Traders, Hedge Fund Managers, Quants and Analysts on Wall Street. 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. Thank you all.
www.rampagetrading.com
Thursday, December 30, 2010
Closing Bell
Stocks dipped Thursday as investors locked in their positions at the end of the year. While U.S. markets fell slightly, stocks are set to end 2010 on an upbeat note: The S&P 500 index and the Dow Jones industrial average are both up 14 percent for the year, after dividends, thanks to record corporate profits. The Dow is back to levels last seen in August 2008, prior to the heat of the financial crisis, while the S&P might just eke out the best December in 20 years. Some investors are taking the last week of the month to sell and notch their profits. Others are selling stocks or funds that have lost money in order to reap the tax benefits.
The Dow Jones industrial average was off 15 points to 11,569. The S&P 500 edged down 2 to 1,257. The technology-focused Nasdaq composite index fell 4 to 2,662. Losses came across the market. Energy and telecommunications companies were the only ones among the 10 industry groups that make up the S&P index to post gains. The week has been marked by thin trading. Thursday was considered by many to be the last trading day of note because even fewer traders are expected to show up on Friday, the last day of the year. Investors received positive economic news. The Labor Department said that the number of Americans applying for unemployment benefits for the first time fell to its lowest point in nearly two and a half years, a sign that the job market is slowly improving. Applications dropped by 34,000 to 388,000, the fewest since July 2008. The Chicago Purchasing Managers Index for December showed that companies in the Midwest were faring better than analysts anticipated. The index, which surveys business conditions in the states of Illinois, Indiana and Michigan, came in with a reading of 68.6, up from 62.5 in the previous month. Economists had been expecting the index to drop to 61. Home sales also fared well. The National Association of Realtors said the number of people who signed contracts to buy homes rose in November, the fourth increase since contract signings hit a low in June. Its index of sales agreements for previously occupied homes increased 3.5 percent. However, with mortgage rates creeping up, investors worried over its effect on home sales. The average rate on 30-year fixed mortgages rose this week to 4.86 percent, the highest level in seven months. U.S. Treasurys are also down slightly, which has led to a slight bump up in yields. The yield on the benchmark 10-year bond rose to 3.37 percent, up from 3.35 at Wednesday's close. Rising and falling shares were even on the New York Stock Exchange. Floor volume came to 507 million shares.
The Dow Jones industrial average was off 15 points to 11,569. The S&P 500 edged down 2 to 1,257. The technology-focused Nasdaq composite index fell 4 to 2,662. Losses came across the market. Energy and telecommunications companies were the only ones among the 10 industry groups that make up the S&P index to post gains. The week has been marked by thin trading. Thursday was considered by many to be the last trading day of note because even fewer traders are expected to show up on Friday, the last day of the year. Investors received positive economic news. The Labor Department said that the number of Americans applying for unemployment benefits for the first time fell to its lowest point in nearly two and a half years, a sign that the job market is slowly improving. Applications dropped by 34,000 to 388,000, the fewest since July 2008. The Chicago Purchasing Managers Index for December showed that companies in the Midwest were faring better than analysts anticipated. The index, which surveys business conditions in the states of Illinois, Indiana and Michigan, came in with a reading of 68.6, up from 62.5 in the previous month. Economists had been expecting the index to drop to 61. Home sales also fared well. The National Association of Realtors said the number of people who signed contracts to buy homes rose in November, the fourth increase since contract signings hit a low in June. Its index of sales agreements for previously occupied homes increased 3.5 percent. However, with mortgage rates creeping up, investors worried over its effect on home sales. The average rate on 30-year fixed mortgages rose this week to 4.86 percent, the highest level in seven months. U.S. Treasurys are also down slightly, which has led to a slight bump up in yields. The yield on the benchmark 10-year bond rose to 3.37 percent, up from 3.35 at Wednesday's close. Rising and falling shares were even on the New York Stock Exchange. Floor volume came to 507 million shares.
Wednesday, December 29, 2010
Closing Bell
Stocks finished higher Wednesday as the market continued on pace for its best December in nearly twenty years. The Standard and Poor's 500 stock index has gained 6.7 percent this month. If it closes Friday at this level or higher, it will be the best December return for the index since 1991. Trading continued to be thin ahead of the New Year's holiday. In the absence of any fresh economic data or major corporate news, investors were attracted to the government's latest bond auction. Treasurys rallied and stocks also drew strength from the successful sale. Traders moods also appear to be buoyed by the mostly positive economic news of recent weeks. Strong corporate profits have helped push stocks higher for much of 2010. Stocks rose across the market, with eight of the 10 industry groups in the S&P index posting gains. Stock trading volumes on Wall Street are expected to be light throughout this week between the Christmas and New Year's holidays. Many investors have already closed their books for the year and are on vacation until January. Trading volume totaled just 2.3 billion shares on the New York Stock Exchange, where seven shares rose for every three that fell. Traders have been encouraged that Americans took out their wallets to shop during the holiday season, after two years of holding back. However, RBC's Dow warns that America cannot depend on consumers alone to pull it out of the trough this time.
Subscribe to:
Posts (Atom)

