Closing Market News December 13, 2007
The Dow closed up 44.06 at 13,517.96 and the Nasdaq closed down 2.65 at 2668.49. Transports closed up 20.78 at 4758.93.
Total volume on the NYSE was below average trading 1.45 billion shares. Up/down volume was 1.95 to 1 negative, Nasdaq up/down volume was 1.44 to 1 negative.
Dec. E-mini S&P Futures closed down 2.25 at 1488.00 and the Dec. Nasdaq 100 Futures closed down 15.00 at 2092.75. Dec. E-mini S&P Futures total volume was below average trading 1.3 million contracts. March 30 Yr. T-Bond Futures closed down 1-14 at 114.07.
Feb. Oil Futures closed down 1.82 at 92.46 and Jan. Natural Gas Futures closed down .22 at 7.19.
Feb. Gold Futures closed down 14.80 at 804.00 and March Silver Futures closed down 0.585 at 14.255.
Grains were mixed with March Wheat Futures closing up 13 cents at 9.53 1/2, Jan Beans closed down 5 ½ cents at 11.46, and March Corn closed up 1 ¾ at 4.35.
Feb. Live Cattle Futures closed down 1.625 at 95.175 and Jan Feeder Cattle closed down 1.40 at 103.80. Feb. Lean Hogs closed down 0.325 at 61.425.
“Information’s pretty thin stuff unless mixed with experience.”
Author: Clarence Day
AS I SEE IT: The S&P Futures opened lower this morning and continued on down to support for the first two hours. Then the market traded sideways before rallying the last two hours. It made it up to fill the closing gap near the close. Although the market is still a sell, short and intermediate term, today it clawed back in ragged patterns to close down a little in the S&P contract but up a little on the Dow. Volume was light and market internals were negative all day.
I made milk money and that’s all trading the ragged patterns in the E-mini S&P and Oil contracts. The Grain bailed me out today. These contracts have had some good trading days this week and I believe there will be many more to come before the first of the year.
I HOPE YOU MADE MONEY TODAY!
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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