Closing Market News April 19, 2007

The Dow closed up 4.79 at 12,808.63 and the Nasdaq closed down 5.15 at 2505.35. The Dow high was 12,830.08 and the low was 12,734.92 for a 95.16 point range.

The total volume on the NYSE was above average trading 1.60 billion shares. Up/down volume was 1.55 to 1 negative, Nasdaq up/down volume was 1.16 to 1 negative.

June E-mini futures closed unchanged at 1480.25 and the Nasdaq 100 futures closed up .75 at 1849.00. June E-mini S&P total volume was above average trading 1.19 million contracts. June 30 yr. T-bone futures closed down 0-05 at 111-11.

June Oil futures closed down 1.06 at 63.32 and the May Natural Gas futures closed down 0.0050 at 7.49.

June Gold futures closed down 5.00 at 688.30 and the May Silver futures closed down 0.240 at 13.735.

Grains were all higher with July Wheat up 18 ¾ cents closing at 5.07 ¾, July Beans were up 2 ¾ at 7.35, and July Corn was 7 cents higher closing at 3.82 ¼.

June Live Cattle futures closed down 0.100 at 92.725 and May Feeder Cattle closed down 0.225 at 108.075. June Lean Hogs closed up 1.00 at 77.60.

“You never pull the trigger until you know you can win.”

Author: Roger Ailes

AS I SEE IT: In the short-term we are still overbought. The S&P did drop about 12 points in overnight trading on news that China’s economy is overheating, but our market is very strong and it recovered all the loss. The market internals were not good again today, but so far that hasn’t made any difference. As long as this market keeps going up we will follow the momentum and direction, but we are keeping tight stops under our long positions.

LEARN THE SOARING PHEONIX MARKET TRADING STRATEGIES AND PROFIT FROM THEM.

OUR VERY AFFORDABLE DAY-TRADING PRODUCT WILL BE AVAILABLE VERY SOON.

STAY TUNED!!