Closing Market News November 9, 2007
The Dow closed down 223.55 at 13,042.74 and the Nasdaq closed down 68.06 at 2627.94. Transports closed down 92.81 at 4603.92.
Total volume on the NYSE was above average trading 1.82 billion shares. Up/down volume was 2.32 to 1 negative, Nasdaq up/down volume was 4.15 to 1 negative.
Dec. E-mini S&P Futures closed down 20.50 at 1455.00 and the Dec. Nasdaq 100 Futures closed down 63.75 at 2041.75. Dec. E-mini S&P Futures total volume was above average trading 2.5 million contracts. Dec. 20 Yr. T-Bond Futures closed up 0-20 at 114-22.
Dec. Oil Futures closed up .86 cents at 96.32 and Dec. Natural Gas Futures closed down up .18 at 7.90.
Dec. Gold Futures closed down 2.80 at 834.70 and Dec. Silver Futures closed up 0.025 at 15.540.
Grains were mixed with Dec. Wheat Futures closing unchanged at 7.62, Jan Beans closed up 14 ¾ cents at 10.56, and Dec. Corn closed down 2 ¾ cents at 3.86 ¾.
Dec. Live Cattle Futures closed unchanged at 95.40 and Jan Feeder Cattle closed up 0.275. Dec. Lean Hogs closed at up 2.425 at 53.900.
“Most people give up just when they’re about to achieve success. They quit on the one yard line. They give up at the last minute of the game one foot from a winning touchdown.”
Author: Ross Perot
The market is getting a little oversold at these prices, but the news over the weekend and earnings the first few days next week will give us direction.
I HOPE YOU HAD A GREAT WEEK TOO!
There’s no reason you can’t have as much fun trading as I do!
Ray
P 303-796-1005
F 303-796-1023
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