Closing Market News October 11, 2007
The Dow closed down 63.57 at 14,015.12 and the Nasdaq closed down 39.41 at 2772.20. Transports closed down 42.29 at 4891.24.
Total volume on the NYSE was average trading 1.51 billion shares. Up/down volume was 1.39 to 1 negative, Nasdaq up/down volume was 3.10 to 1 negative.
Dec. E-mini S&P Futures closed down 8.00 at 1565.25 and the Dec. Nasdaq 100 Futures closed down 29.75 at 2166.75. Dec. E-mini S&P Futures total volume was above average trading 2.28 million contracts. Dec. 30 Yr. T-Bond Futures closed up 0-02 at 110-27.
Nov. Oil Futures closed up 1.78 at 83.08 and Nov. Natural Gas Futures closed down .13 at 6.88.
Dec. Gold Futures closed up 10.70 at 756.70 and Dec. Silver Futures closed up 0.317 at 13.985.
Grains were mixed with Dec. Wheat Futures closing Limit Up at 8.83, Nov. Beans closed up 13 ¼ cents at 9.81 ½, and Dec. Corn closed down 3 ½ cents at 3.43 ¾.
Dec. Live Cattle Futures closed up 1.15 at 97.775 and Nov. Feeder Cattle closed up 1.40 at 114.475. Dec. Lean Hogs closed up .75 at 60.525.
“If you want to achieve things in life, you’ve just got to do them, and if you’re talented and smart, you’ll succeed.
Author: Juliana Hatfield
AS I SEE IT: The E-mini S&P was up about 6 points when I got in the office this morning, and it gained strength from there. I had two losing trades out of the first three because of the small sideways trading after the opening bell, but at 1:30ET I got a sell-signal and the E-mini dropped 30.50 points from the high to the low. The Dow dropped 247.85 points from the high to the low and the Nasdaq took out three day lows. There’s no doubt large- range days are here to stay for a few days. I don’t think this down-move will be good for long S&P traders in the near-term, but earnings and reports will rule.
Using the Soaring
I HOPE YOU HAD A PROFITABLE TRADING DAY TODAY!
Have as much fun trading as I do.
Ray
No comments:
Post a Comment