Closing Market News April 4, 2007

The Dow closed up 19.75 at 12,530.05 and the Nasdaq closed up 8.36 at 2458.69. The Dow high was 12,541.51 and the low was 12,495.75 for a 45.76 point range.

Total volume was light on the NYSE trading 1.39 billion shares. Up/down volume was 1.25 to 1 positive, Nasdaq up/down volume was 1.87 to 1 positive.

June E-mini S&P futures closed up 1.25 at 1448.50 and the Nasdaq 100 closed up 4.50 at 1819.25. June E-mini S&P futures total volume was light trading 753,211 contracts. June 30 yr. T-Bond futures closed down 0-04 at 111-10.

May Oil futures closed down .26 at 64.44 and the May Natural Gas futures closed up .09 at 7.52.

June Gold futures closed up 7.70 at 677.40 and May Silver futures closed up .18 at 13.61.

Grains were mixed with May Wheat closing up 12 ¼ cents at 4.31 ¼, May Beans were 2 ¾ cents lower closing at 7.61, and May Corn closed up 13 cents at 3.59 ¼.

June Live Cattle closed up .55 at 95.55 and May Feeder Cattle closed down 0.025 at 111.500. June Lean Hogs closed down 0.475 at 75.600.

“As long as war is regarded as wicked, it will always have its fascination. When it is looked upon as vulgar, it will cease to be popular.”

Author: Oscar Wilde

AS I SEE IT: This light volume day was not very impressive after the rally in the market yesterday. The S&P has turned up, so prices should rally from here if this move is for real.

The E-mini S&P gave me three good trades today using the Soaring Phoenix Market Trading Strategies even though the price range was very small. The Oil, Gold and Grain futures markets were also very good for day-traders today.