Futures Trading

CLOSING MARKET NEWS AND CHARTS

March 10, 2008

The Dow closed down 153.54 and the Nasdaq closed down 43.15 at 2169.34. Transports closed down 91.27 at 4398.97.

Total volume on the NYSE was below average trading 1.60 billion shares. Up/down volume was 8.33 to 1 negative, Nasdaq up/down volume was 4.58 to 1 negative.

March E-mini S&P Futures closed down 17.25 at 1275.50 and the March Nasdaq 100 Futures closed down 32.00 at 1676.75. March E-mini S&P Futures total volume was above average trading 2.38 million contracts. June 30 Yr. T-Bond Futures are trading up 1-06 at 118-08.

April Oil Futures closed up 2.75 at 107.90 and April Natural Gas Futures closed up .25 at 10.02.

April Gold Futures closed down 2.40 at 971.80 and May Silver Futures down 0.465 at 19.785.

Grains were mixed with May Wheat Futures closing up 58 cents at 11.63, May Beans closed down 22 cents at 14.06 ½, and May Corn closed up 18 ½ cents at 5.65 ¾.

April Live Cattle Futures closed down 0.775 at 89.75 and April Feeder Cattle closed down .85 at 103.125. April Lean Hogs closed down 0.125 at 57.725.

“The true means of being misled is to believe one self finer than the others.”
Author: Duc De La Rochefoucauld

AS I SEE IT: The overnight market was higher early this morning, and after a small rally on the regular session open it began to sell off again. There were a few snap back rallies during the day but at the closing bell the E-mini S&P closed near the session low.

This is the third day the S&P has traded lower and short term market strengths are a little oversold, so I think it is possible to get rallies along the way. The Bears are in control right now and they are selling rallies.

I HOPE YOU MADE MONEY TODAY!

Have as much fun trading as I do!
Ray

P 303-796-1005
F 303-796-1023

www.SoaringPhoenixLLC.com

soaringphoenix@qwest.net

www.SoaringPhoenixLLC.blogspot.com