Closing Market News October 30, 2007
The Dow closed down 77.79 at 13,792.47 and the Nasdaq closed down .73 at 2816.71. Transports closed down 2.35 at 4842.16.
Dec. E-mini S&P Futures closed down 11.00 at 1536.00 and the Dec. Nasdaq 100 Futures closed up 2.25 at 2217.75. Dec. E-mini S&P Futures total volume was below average trading 1.02 million contracts. Dec. 30 Yr. T-Bond Futures closed down 0-02 at 113-19.
Dec. Oil Futures closed down 3.15 at 90.38 and Dec. Natural Gas Futures closed up .05 at 8.02.
Dec. Gold Futures closed down 4.80 at 787.80 and Dec. Silver Futures closed down 0.102 at 14.328.
Grains were mixed with Dec. Wheat Futures closing down 14 ½ cents at 8.14, Nov. Beans closed down 19 cents at 9.92, and Dec. Corn closed down 5 ¾ cents at 3.70 ¼.
Dec. Live Cattle Futures closed up 0.375 at 95.725 and Nov. Feeder Cattle closed up .70 at 109.95. Dec. Lean Hogs closed down 0.575 at 53.900.
“Be nice to nerds. Chances are you’ll end up working for one.”
Author: Bill Gates
AS I SEE IT: The market traded lower in overnight trading and continued that slide for the first two hours this morning. We did get a little snap-back rally back up above the opening highs but the overnight gap wasn’t filled. From there the market traded lower into the close. Traders are putting on protection because of the Fed Market Decision tomorrow.
Have your trading strategies in place tomorrow when the Fed Announcement is made because I believe the market will have a big move in one direction or the other.
The Soaring
WE WANT TO KNOW MORE ABOUT YOU
TELL US WHAT YOU DO FOR A LIVING
PICTURES ARE ALWAYS WELCOME
WITH YOUR PERMISSION I’LL POST YOUR COMENTS AND PICTURES.
&
TELL US WHAT YOU LIKE OR DISLIKE ABOUT THE MARKET NEWS & CHARTS
EACH MONTH WE ARE GOING TO HAVE A DRAWING FROM THE NAMES THAT PARTICIPATE!
A PRIZE WILL BE AWARDED TO THE WINNER!
Have as much fun trading as I do.
Ray
No comments:
Post a Comment