Closing Market News June 22, 2007

The Dow closed down 185.58 at 13,360.26 and the Nasdaq closed down 28.00 at 2588.96. Transports closed down 44.29 at 5108.22.

Total volume on the NYSE was above average trading 2.20 billion shares due to a rebalancing. U/down volume was 2 to 1 negative. Nasdaq up/down volume was 2.31 to 1 negative.

Sept. E-mini S&P futures closed down 15.25 at 1520.50 and the Nasdaq 100 futures closed down 17.75 at 1948.00. Sept. E-mini S&P futures total volume was above average trading contracts 1.68 million contracts. Sept. 30 Yr. T-Bond futures closed up 0-10 at 106-14.

August Oil futures closed up .49 at 69.14 and July Natural Gas futures closed down .22 at 7.13.

August Gold futures closed up 2.80 at 657.00 and July Silver futures closed down 0.070 at 13.020.

Grains were all lower with July Wheat closing down 13 ¾ cents at 5.92 ¼, July Beans closed 21 ½ cents lower at 7.97, and July Corn closed down 17 ½ cents at 3.67 ½.

August Live Cattle futures closed down 0.275 at 89.650 and August Feeder Cattle closed up .30 at 108.40. July Lean Hogs closed down 0.775 at 74.025.

“Books are the bees which carry the quickening pollen from one to another mind.”

Author: James Russell Lowell

AS I SEE IT: The market sold off today as traders worried about sub-prime loans, higher taxes for the rich, and the higher Oil market. Large brokerages and banks led the way down. Day trading trends are still down, and the short-term support prices were taken out during the day, but the S&P closed back above those numbers again.

Soaring Phoenix Day-Trading Market Strategies had a very good week because of the large trading ranges and nice price patterns in the E-mini S&P, Nasdaq 100, Oil, and the Grains.

THE STRATEGIES I USE TO DAY-TRADE ARE IN THIS E-BOOK.

HAVE A GREAT WEEKEND EVERYONE!