Closing Market News January 17, 2008
The Dow closed down 306.95 at 12,159.21 and the Nasdaq closed down 47.69 at 2346.90. Transports closed down 108.99 at 4140.29.
Total volume on the NYSE was above average trading 1.49 billion shares. Up/down volume was 9.44 to 1 negative, Nasdaq up/down volume was 4.04 to 1 negative.
Dec. E-mini S&P Futures closed down 36.25 at 1339.75 and the Dec. Nasdaq 100 Futures closed down 25.00 at 1856.00. Dec. E-mini S&P Futures total volume was above average trading 3.38 million contracts. March 30 Yr. T-Bond Futures are trading up 0-30 at 120-04.
Feb. Oil Futures closed down .84 at 90.00 and Feb. Natural Gas Futures closed down .05 at 8.09.
Feb. Gold Futures closed down 1.80 at 880.20 and March Silver Futures closed up 0.105 at 16.010.
Grains were mixed with March Wheat Futures closing up 14 cents at 9.40 1/2, March Beans closed down 6 cents at 12.71, and March Corn closed up ¼ cent at 5.02 ¾.
Feb. Live Cattle Futures closed up .85 at 90.90 and March Feeder Cattle closed up 0.225 at 101.20. Feb. Lean Hogs closed up .75 at 55.20.
“Common sense ain’t common.”
Will
AS I SEE IT: The
The S&P did trade through some support prices today that could let it trade lower, but I’m always cautious when oversold readings are as high as they are at these prices.
I KNOW TRADERS HAD A PROFITABLE DAY TODAY!
Have as much fun trading as I do!
Ray
P 303-796-1005
F 303-796-1023
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