Monday, March 3, 2008

Futures Trading Closing Market News March 3, 2008

The Dow closed down 7.49 at 12,258.90 and the Nasdaq closed down 12.88 at 2258.60.
Transports closed up 35.29 at 4585.87.

Total volume on the NYSE was below average trading 1.56 billion shares. Up/down volume was 1.18 to 1 positive, Nasdaq up/down volume was 1.79 to 1 negative.

March E-mini S&P Futures closed up .75 at 1332.00 and the March Nasdaq 100 Futures closed down 11.50 at 1736.75. March E-mini S&P Futures total volume was average trading 1.94 million contracts. March 30 Yr. T-Bond Futures are trading down 0-10 at 119-12.

April Oil Futures closed up .61 at 102.45 and April Natural Gas Futures closed down .02 at 9.35.
April Gold Futures closed up 9.20 at 984.20 and May Silver Futures up 0.265 at 20.18.

Grains were higher with May Wheat Futures up 18 cents at 110.40, May Beans closed up 24 ¾ cents at 15.61 ¼, and May Corn closed up 10 ½ cents at 5.67.

April Live Cattle Futures closed down 1.625 at 92.70 and April Feeder Cattle closed down 2.10 at 104.85. April Lean Hogs closed down 1.15 at 58.80.

“A successful person is one who can lay a firm foundation with the bricks that others throw at him or her.”
Author: David Brinkley

AS I SEE IT: Overnight the E-mini S&P sold off and when the regular trading session opened it continued to sell off a few points to overnight support before rallying back up through Friday’s close. Then it jacked back and forth until mid day before selling off to support again. There was a 10 point rally into the close. After all the up and down movement the S&P closed just a tad higher. The Dow ended the day down a few points.

This is the window dressing time of the month for the next couple days, so I want to see if the market can hold in here and maybe rally some before the next down draft.


Have as much fun trading as I do!

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

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