Closing Market News December 19, 2007
The Dow closed and the Nasdaq closed Transports closed
Total volume on the NYSE was below average trading 1.49 billion shares. Up/down volume was, Nasdaq up/down volume was
Dec. E-mini S&P Futures closed down 1.50 at 1465.00 and the Dec. Nasdaq 100 Futures closed up 7.00 at 2057.25. Dec. E-mini S&P Futures total volume was above average trading 1.99 million contracts. March 30 Yr. T-Bond Futures closed up 1-02 at 116-14.
Feb. Oil Futures closed up 1.24 at 91.32 and Jan. Natural Gas Futures closed up .04 at 7.18.
Feb. Gold Futures closed down 2.00 at 805.40 and March Silver Futures closed up 0.050 at 14.215.
Grains were higher with March Wheat Futures closing up 21 ¼ cents, Jan Beans closed up 9 ¼ cent at 11.59, and March Corn closed up 2 ¾ at 4.34 ¾.
Feb. Live Cattle Futures closed down .35 at 96.325 and Jan Feeder Cattle closed down .95 at 104.20. Feb. Lean Hogs closed at up 0.275 at 60.10.
“Everything is vague to a degree. You do not realize it till you have tried to make it precise.”
Author: Bertrand Russell
AS I SEE IT: After all the volatility the last week and a half the market paused today. The early morning rally failed quickly and the market traded sideways through mid-day. Support did hold the early retrenchment and there was another small rally before the close, but that failed also letting the S&P end the day just a little lower.
As we approach the quadruple witching on Friday I think volatility will pick up which is good for day traders. This has been a very good day trading month and I expect that to continue for months to come.
I HOPE YOUR TRADING STRATEGIES ARE WORKING WELL!
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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