Monday, November 5, 2007

The Dow closed down 51.70 at 13,543.40 and the Nasdaq closed down 15.20 at 2795.18. Transports closed down 24.66 at 4778.09.

Total volume on the NYSE was average trading 1.52 billion shares. Up/down volume was 1.53 to 1 negative, Nasdaq up/down volume was 1.80 to 1 negative.

Dec. E-mini S&P Futures closed down 12.00 at 1505.50 and the Dec. Nasdaq 100 Futures closed down 10.75 at 2212.75. Dec. E-mini S&P Futures total volume was above average trading 2.18 million contracts. Dec. 30 Yr. T-Bond Futures closed down 0-15 at 114-01.

Dec. Oil Futures closed down 1.95 at 93.98 and Dec. Natural Gas Futures closed down .42 at 8.00

Dec. Gold Futures closed up 2.30 at 810.80 and Dec. Silver Futures closed up 0.171 at 14.770.

Grains were mixed with Dec. Wheat Futures up 6 ½ cents at 7.85 Nov. Beans closed up 4 cents at 10.05 ¾, and Dec. Corn closed down 1 3/4 cents at 3.75 ¼.

Dec. Live Cattle Futures closed up 1.125 at 95.850 and Nov. Feeder Cattle closed up 0.775 at 109.125. Dec. Lean Hogs closed down 0.400 at 52.025.

“The art of living is more like wrestling than dancing.”

Author: Marcus Aurelius

AS I SEE IT: The E-mini S&P traded down overnight opening the regular market session about 17 points lower. It rallied for the first half hour and then traded down to support before rallying again. It closed the day about 5 points above the regular session opening price.

Our Short-term strategies are short, intermediate and long-term strategies are long. For the last two days the market has rallied from the lows of the day trying to get back in the short-term buy zone.

The Soaring Phoenix Market Trading Strategies worked very well in the E-mini S&P, Oil and the Wheat contracts.

Have as much fun trading as I do.


P 303-796-1005

F 303-796-1023

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