Closing Market News April 10, 2007

The Dow closed up 4.71 at 12,573.85 and the Nasdaq closed up 8.43 at 2477.61. The Dow high was 12,588.56 and the low was 12,549.47 for a 39.09 point range.

Total volume on the NYSE was below average trading 1.32 billion shares. Up/down volume was 1.69 to 1 positive, Nasdaq up/down volume was 1.28 to 1 positive.

June E-mini S&P futures closed up 1.50 at 1456.00 and the Nasdaq 100 futures closed up 5.50 at 1829.50. June E-mini S&P total volume was below average trading 712.441 contracts. June 30 yr. T-Bond futures closed up 0-06 at 110-18.

May Oil futures closed up .38 at 61.89 and the May Natural gas futures closed up .32 at 7.87.

June Gold futures closed up 5.30 at 682.20 and the May Silver futures closed up .12 at 13.93.

Grains were mixed with July Wheat closing up 12 cents at 4.74, July Beans closed down 6 cents at 7.60 ½, and July Corn futures closed up 5 cents at 3.81 ¼.

June Live Cattle futures closed down .90 at 95.80 and May Feeder Cattle closed down .75 at 112.00. June Lean Hogs closed up 0.125 at 75.950.

“The only way to keep your health is to eat what you don’t want, drink what you don’t like, and do what you’d rather not.”

Author: Mark Twain

AS I SEE IT: Traders seemed to be waiting for the beginning of earnings season today, even though the market closed a little higher for the 8^th day in a row. That’s a good thing for investors and traders, we would just like to see more price fluctuation. Short-term overbought conditions can cause a little sell-off unless volume increases.

The market trading range was small in the E-mini S&P contract, but the Oil, Gold and Grains traded well today.