Closing Market News November 20, 2007

SOARING PHOENIX LLC IS GOING TO BE CLOSED UNTIL MONDAY THE 26^TH.

The Dow closed up 51.70 at 13,010.14 and the Nasdaq closed up 3.43 at 2596.81. Transports closed down 32.52 at 4425.45.

Total volume on the NYSE was above average trading 1.86 billion shares. Up/down volume was just a tad negative, Nasdaq up/down volume was 1.22 to 1 negative.

Dec. E-mini S&P Futures closed up 8.50 at 1446.00 and the Dec. Nasdaq 100 Futures closed up 7.50 at 2035.50. Dec. E-mini S&P Futures total volume was above average trading 2.96 million contracts. Dec. 20 Yr. T-Bond Futures closed down 0-09 at 115-30.

Jan. Oil Futures closed up 3.39 at 98.03 and Dec. Natural Gas Futures closed down .31 at 7.48.

Dec. Gold Futures closed up 13.50 at 791.50 and Dec. Silver Futures closed up 0.340 at 14.500.

Grains were higher with Dec. Wheat Futures closing up 17 ¼ cents at 7.73 ½, Jan Beans closed up 16 ½ cents at 10.87, and Dec. Corn closed up 3 ¾ cents at 3.81 ¼.

Dec. Live Cattle Futures closed up 1.125 at 96.300 and Jan Feeder Cattle closed up 0.775 at 109.600. Dec. Lean Hogs closed up 2.95 at 54.95.

Knowledge has to be improved, challenged, and increased constantly, or it vanishes.”

Author: Peter Drucker

AS I SEE IT: Yesterday I talked about volatility and price reversals, and today was a good example of it. Because I’m a trader I really enjoy days like this when there is a lot of market movement. Today the market shot higher from the opening bell with the E-mini rallying 19.50 points in the first two hours. Then it tipped over and sold off 34.50 points before rallying back and closing 8.50 higher. The Dow had a 266 point range closing up 51.50 points. Gold is trading up 25.30 in the overnight market, and the overnight Oil contract is trading up 3.62 at 98.26. It sure wants to let us see what 100 dollars a barrel looks like.

I hope we have volatility like this into the end of the year and beyond because my trading strategies work very well during these times. The news of the day moves this market quickly so traders sure have to be on their toes to keep up with the momentum. I know all of you that are good stock traders are also having good times trading this market.

I HOPE YOU HAD A GOOD TRADING DAY!

HAVE A GREAT HOLIDAY AND I’LL TALK TO YOU NEXT MONDAY.

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

Ray

P 303-796-1005

F 303-796-1023

www.SoaringPhoenixLLC.com

soaringphoenix@qwest.net

www.SoaringPhoenixLLC.blogspot.com