Closing Market News June 19, 2007

The Dow closed up 22.44 at 13,635.42 and the Nasdaq closed up .16 at 2626.76. Transports closed down 3.30 at 5132.45.

Total volume on the NYSE was below average trading 1.45 billion shares. U/down volume was 1.34 to 1 positive, Nasdaq up/down volume was 1.12 to 1 negative.

Sept. E-mini S&P futures closed up 3.00 at 1549.00 and the Nasdaq 100 futures closed down .50 at 1967.00. Sept. E-mini S&P futures total volume was below average trading 1.0 million contracts. Sept. 30 Yr. T-Bond futures closed up 0-19 at 107-01.

August Oil futures closed down .08 at 69.54 and July Natural Gas futures closed down .17 at 7.52.

August Gold futures closed up 4.80 at 664.70 and July Silver futures closed up 0.090 at 13.325.

Grains were all lower with July Wheat down 20 cents at 5.81, July Beans closed down 26 ¼ at 8.29, and July Corn closed down 20 at 3.96. Rain through the grain belt brought these prices down.

August Live Cattle futures closed up .05 at 91.30 and August Feeder Cattle closed up 1.725 at 108.450. July Lean Hogs closed down 0.525 at 75.175.

“I will never be an old man. To me, old age is always 15 years older than I am.”

Author: Francis Bacon

AS I SEE IT: Lower interest rates and an oil market that held steady today helped hold the market up. The best trading markets were the grain and the oil market. The S&P gave us some small day-trades, but early chart patterns weren’t the best. I’ll be paying attention to the August Oil contract now that it is near 70 dollars a barrel.