Thursday, November 15, 2007

Closing Market News November 15, 2007

The Dow closed down 120.96 at 13,110.05 and the Nasdaq closed down 25.81 at 2618.51. Transports closed down 32.71 at 4638.69.

Total volume on the NYSE was below average trading 1.46 billion shares. Up/down volume was 1.93 to 1 negative, Nasdaq up/down volume was 2.86 to 1 negative.

Dec. E-mini S&P Futures closed down 20.50 at 1478.00 and the Dec. Nasdaq 100 Futures closed down 24.25 at 2057.50. Dec. E-mini S&P Futures total volume was above average trading 2.25 million contracts. Dec. 20 Yr. T-Bond Futures closed down

Jan. Oil Futures closed down .76 at 92.07 and Dec. Natural Gas Futures closed down .14 at 7.70.

Dec. Gold Futures closed down 27.40 at 787.30 and Dec. Silver Futures closed down 0.583 at 14.482.

Grains were mixed with Dec. Wheat Futures closing up 13 cents at 7.65 ½, Jan Beans closed down ¾ of a cent at 10.78 ¾, and Dec. Corn closed down 8 ¼ cent at 3.74 ¾.

Dec. Live Cattle Futures closed down 0.250 at 95.325 and Jan Feeder Cattle closed up 0.350 at 109.325. Dec. Lean Hogs closed at down .15 at 52.80.

“Everything that is new or uncommon raises a pleasure in the imagination, because it fills the soul with an agreeable surprise, gratifies its curiosity, and gives it an idea of which it was not before possessed.

Author: Joseph Addison

AS I SEE IT: The market opened a little lower and continued to slip away today. Price patterns were similar to yesterdays but there was the start of a rally near the close. Market internals were negative again today so I want to see if there is any continuation to the ending rally in overnight trading, or if the market is going to continue to trade lower.


There’s no reason you can’t have as much fun trading as I do!


P 303-796-1005

F 303-796-1023

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