Wednesday, April 25, 2007

Closing Market News April 25, 2007

The Dow closed up 135.95 at 13,089.89 and the Nasdaq closed up 23.35 at 2547.89. The Dow high was 13,107.45 and the low was 12,951.42 for a 156.03 point range.

Total volume on the NYSE was above average trading 1.67 billion shares. Up/down volume was 4.39 to 1 positive, Nasdaq up/down volume was 1.65 to 1 positive.

June E-mini S&P futures closed up 12.25 at 1500.75 and the June Nasdaq 100 futures closed up 23.75 at 1894.00. June E-mini S&P futures total volume was above average trading 1.22 million contracts. June 30 yr. T-Bond futures closed down 0-08 at 111-15.

June Oil futures closed up 1.26 at 65.84 and May Natural Gas futures closed up 0-09 at 7.69.

June Gold futures closed down .30 at 687.40 and May Silver closed down 0.017 at 13.765.

Grains were all higher with July Wheat up 23 cents closing at 5.20 ½, July Beans closed up 11 ½ at 7.37 ¾, and July Corn closed up 10 ½ at 3.81 ¾.

June Live Cattle futures closed up 0.025 at 93.325 and May Feeder Cattle closed down 1.150 at 107.975. June Lean Hogs closed up .70 at 76.15.

“Patriotism is supporting your country all the time, and your government when it deserves it.”

Author: Mark Twain

AS I SEE IT: The bull market is still alive and well as it continues to run full speed ahead. This was another very powerful trading day as earnings reports keep driving prices higher.

When I was a kid our football coach had us climb a 20 foot rope that had a bell on the top. We climbed the rope and reached up and rang the bell before sliding back to the ground. This market minds me of that rope. We’re climbing the market rope but we don’t know where the top is. I will continue the climb, but I want to be ready for the slide down when the bell rings.

Our very affordable day-trading product is an E-Book that teaches the Soaring Phoenix Day Trading Strategies for the E-mini S&P. I think it will be a great help to serious day-traders.

It Will be Here Soon, I’m Told!

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