Closing Market News September 14, 2007

The Dow closed up 17.64 at 13,442.52 and the Nasdaq closed up 1.12 at 2602.18. Transports closed down 3.11 at 4796.62.

Total volume on the NYSE was below average trading 1.19 billion shares. Up/down volume was 1.29 to 1 positive, Nasdaq up/down volume was 1.04 to 1 positive.

Dec. E-mini S&P futures closed unchanged at 1498.00 and the Dec. Nasdaq 100 futures closed up .50 at 2025.00. Dec. E-mini S&P futures total volume was below average trading 1.20 million contracts. Dec. 30 Yr. T-Bond futures closed up 0-05 at 112.26.

Oct. Oil futures closed down .99 at 79.10 and Oct. Natural Gas futures closed up .25 at 6.28.

Dec. Gold futures closed down .10 at 717.80 and Dec. Silver futures closed up 0.030 at 12.710.

Grains were higher with Dec. Wheat up 1 cent at 8.46, Nov. Beans closed up 12 ¾ at 9.54 ¾, and Dec. Corn closed up 2 ¼ cents at 3.49.

October Live Cattle futures closed up 0.575 at 95.25 and October Feeder Cattle closed up 0.325 at 116.860. October Lean Hogs closed up .15 at 65.55.

“The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.”

Author: Martin Luther King,JR.

AS I SEE IT: The market was lower in overnight trading because of more credit concerns, but after the regular session opened it rallied back and moved a little higher on the day. It traded sideways for the rest of the day and closed just a little higher.

As I write this market news at 7:00 P.M. Mountain Time, the E-mini S&P is trading 4 points lower in overnight trading. There could be a lot of market movement next week. Earnings reports thru the week and the Fed announcement on Tuesday should keep traders on their toes. I am looking forward to a lot of price movement in the S&P, Oil, and the Grain markets.