Friday, April 20, 2007

Closing Market News April 20, 2007





The Dow closed up 153.35 at 12,966.29 and the Nasdaq closed up 21.04 at 2526.39. The Dow high was 12,966.29 and the low was 12,810.17 for a 156.12 point range.

Total volume was above average on this Options Expiration day with the NYSE trading 1.94 billion shares. Up/down volume was 4.11 to 1 positive, Nasdaq up/down volume was 2.62 to 1 positive.

June E-mini S&P futures closed up 12.75 at 1493.00 and the Nasdaq 100 futures closed up 13.50 at 1862.50. June E-mini S&P futures total volume was above average trading 1.32 million contracts. June 30 yr. T-Bond futures closed down 0-03 at 111-08.

June Oil futures closed up .79 at 64.11 and the May Natural Gas futures closed down .11 at 7.38.

June Gold futures closed up 7.20 at 695.50 and May Silver futures closed up 0.220 at 13.955.

Grains were mixed with July Wheat up 7 cents closing at 5.14 ¾, July Beans were up 5 ¼ cents at 7.40 ¼, and July Corn was down 10 ¼ cents at 3.72.

June Live Cattle futures closed down 0.450 at 92.275 and May Feeder Cattle closed down 0.625 at 107.450. June Lean Hogs closed down .55 at 77.05.


“Don’t limit yourself. Many people limit themselves to what they think they can do. You can go as far as your mind lets you. What you believe, remember, you can achieve.”

Author: Mary Kay Ash

AS I SEE IT: This powerful bull market continued to power up on this Options Expiration day. The imbalances were to the buy-side, and short covering along with day-trader buying pushed this market up. There were also some very powerful earnings reports out last night. Caterpillar closed up 3.20 at 71.82 on very strong earnings. Exxon Mobil closed up 2.30 at 79.76.

There are gaps under the S&P charts that will fill, but as long as the momentum is up I will profit from it. Soaring Phoenix Market Day Trading Strategies keep traders buying and selling with the momentum of the day.

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STAY TUNED!!

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