Closing Market News December 31, 2007
The Dow closed down 101.05 and the Nasdaq closed down 22.18 at 2652.28. Transports closed down 55.02 at 4570.55.
Total volume on the NYSE was below average trading 1.13 billion shares. Up/down volume was 1.37 to 1 negative, Nasdaq up/down volume was 2.65 to 1 negative.
Dec. E-mini S&P Futures closed down 8.25 at 1477.25 and the Dec. Nasdaq 100 Futures closed down 20.25 at 2104.75. Dec. E-mini S&P Futures total volume was below average. March 30 Yr. T-Bond Futures closed up 0-22 at 116-12.
Feb. Oil Futures closed down .02 at 95.98 and Feb. Natural Gas Futures closed up .10 at 7.48.
Feb. Gold Futures closed down 4.70 at 838.00 and March Silver Futures closed up 0.025 at 14.92.
Grains were mixed with March Wheat Futures closing unchanged at 8.85, March Beans closed down 8 ¾ cents at 12.14 ¼, and March Corn closed up 3 ½ cents at 455 ½.
Feb. Live Cattle Futures closed up 0.125 at 96.175 and March Feeder Cattle closed up .75 at 107.10. Feb. Lean Hogs closed up 0.575 at 57.875.
“The holiest of holidays are those
Kept by ourselves in silence and apart;
The secret anniversaries of the heart.”
Author: Henry
AS I SEE IT: The end of the year tax selling and the negative Existing Home Sales Report took the market down again today. There was a rally off support near mid-day, but that failed to hold near the close. Now I’ll be paying attention to the market momentum on Wednesday to see if there is going to be new buying or if this down trend continues.
I look for more volatility in the markets this coming year, so if I’m right traders should have another very good money making year.
I HOPE YOU ALL HAD A GOOD TRADING YEAR!
HAVE A HAPPY SAFE NEW YEARS EVE!
HAPPY NEW YEAR EVERYONE!
HAVE AS MUCH FUN TRADING AS I DO!
Ray
F 303-796-1023
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