Closing Market News July 31, 2007

The Dow closed down 146.32 at 13,211.99 and the Nasdaq closed down 37.01 at 2546.27. Transports closed down 64.65 at 5030.02.

Total volume on the NYSE was above average trading 2.19 billion shares. Up/down volume was 2.53 to 1 negative, Nasdaq up/down volume was 2.14 to 1 negative.

Sept. E-mini S&P futures closed down 18.75 at 1462.00 and the Nasdaq 100 futures closed down 47.50 at 1945.75. Sept. E-mini S&P futures total volume was above average trading 2.58 million contracts. Sept. 30 Yr. T-Bond futures closed up 0-22 at 110-10.

Sept. Oil futures closed up 1.38 at 78.21 and Sept. Natural Gas futures closed down .31 at 6.19.

August Gold futures closed up 2.80 at 666.90 and Sept. Silver futures closed up 0.097 at 13.00.

Grains were mixed with Sept. Wheat down 7 ½ cents closing at 6.30, Nov. Beans closed up 9 ¾ cents at 8.57 ½, and Dec. Corn closed 2 cents higher at 3.42 ¼.

October Live Cattle futures closed up 0.975 at 99.950 and October Feeder Cattle closed up 0.675 at 118.875. October Lean Hogs closed up 1.50 at 75.30.

“Aim above morality. Be not simply good, be good for something.”

Author: Henry David Thoreau

AS I SEE IT: A 140 point rally in the Dow early this morning turned into a 146.00 point loss at the close. The subprime issue is still front and center as some mortgage companies are in financial trouble. The market movement the first two days of the new month will be interesting.

Day-trading is always good for me when there are large-range days.

I HOPE YOU MADE MONEY TODAY!