Thursday, December 6, 2007

Closing Market News December 6, 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 up 20.50 at 1507.50 and the Dec. Nasdaq 100 Futures closed up 24.75 at 2126.00. Dec. E-mini S&P Futures total volume was above average trading 1.72 million contracts. March 30 Yr. T-Bond Futures closed down 1-03 at 116-19.

Jan. Oil Futures closed up 2.74 at 90.23 and Jan. Natural Gas Futures closed up .14 at 7.33.

Feb. Gold Futures closed up 3.40 at 807.10 and March Silver Futures closed up 0.170 at 14.640.

Grains were mixed with March Wheat Futures closing up 6 ½ cents at 8.91 1/2, Jan Beans closed down ¾ of a cent at 10.98 ¾, and March Corn closed up 1 cent at 4.12.

Feb. Live Cattle Futures closed up .25 at 96.20 and Jan Feeder Cattle closed up .05 at 106.30. Feb. Lean Hogs closed at up .10 at 61.20.

“There might have been a redneck using your computer if the monitor is up on blocks.”

Author: Jeff Foxworthy

AS I SEE IT: The market sold off a little on the regular session open, but snapped back and rallied the rest of the day with strong market internals. Yesterday a rally started and today it continued with news that subprime borrowers can get some help on their distressed loans. I don’t know about you, but I get a kick out of listening to stutterin’ Hank Paulson talk about a government proposal. He always says, “Just let me say this,” as he begins to speak. To me he looks as nervous as a frog dumped in the desert when he talks to reporters.

December can be a very good trading month and so far it’s right on track. The E-mini S&P, Grain, and the Oil contracts that I trade have sure had nice price patterns and trading ranges this week.


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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