Wednesday, December 26, 2007

Closing Market News December 26, 2007

The Dow closed up 2.36 at 13,551.69 and the Nasdaq closed up 10.91 at 2724.41. Transports closed down 20.83 at 4685.76.

Total volume on the NYSE was below average trading 837,668 shares. Up/down volume was 1.03 to 1 positive, Nasdaq up/down volume was 1.96 to 1 positive.

Dec. E-mini S&P Futures closed up 3.25 at 1509.75 and the Dec. Nasdaq 100 Futures closed up 11.50 at 2159.50. Dec. E-mini S&P Futures total volume was very light trading 363,533 contracts. March 30 Yr. T-Bond Futures closed down 0-25 at 113-19.

Feb. Oil Futures closed up 1.84 at 95.97 and Feb. Natural Gas Futures closed up 0.02.

Feb. Gold Futures closed up 13.00 at 829.50 and March Silver Futures closed up 0.175 at 14.835.

Grains were higher with March Wheat Futures closing up 6 cents at 9.41 1/4, March Beans closed up 40 ¼ at 12.39 ½, and March Corn closed up 8 ¼ cents at 4.52 ¼.

Feb. Live Cattle Futures closed up 0.425 at 95.00 and March Feeder Cattle closed down 0.450 at 105.025. Feb. Lean Hogs closed at up 0.175 at 59.975.

“There is a boundary to men’s passions when they act from feelings; but none when they are under the influence of imagination.”

Author: Edmund Burke

AS I SEE IT: The market opened a little lower this morning before firming up into the close. The volume was very light, but I would imagine that tomorrow the volume will pick up a little. Price ranges should improve after the government reports in the morning.

Some overseas markets were closed today, so I’ll be watching their price action overnight and the momentum when our market opens in the morning for direction from here.


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


P 303-796-1005

F 303-796-1023

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