Stock Breakout Trading Stocks Surge After Central Bank Action; Dow Back in Black for '11

Date: 11/30/2011

Google Stock Breakout Trading Stocks Surge After Central Bank Action; Dow Back in Black for '11.Another wild day on "Wall Street" as shorts raced to cover on the "monster gap up" as "Stocks Surge After Central Bank Action". We'll cover how we were long Google (GOOG) calls which we held overnight for the gap and how stocks and stock markets closed towards their highs of the day.

The Dow Jones industrial average closed at 12,046 up 490 points or 4.24%. The NASDAQ composite index closed at 2620.3 404.83 points or 4.17%, Dow Jones utility index closed at 448.84 out 11.74 points or 2.69%, the Dow Jones transportation index closed at 4946.2 up 226 points or 4.79%, the NASDAQ 100 index closed at 2295.2 up 83.81 points or 3.79%, the Russell 2000 closed at 737.42 up 41.32 points or 5.94%, the S&P 500 closed at 1246.96 51.77 points or 4.33%.

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