Futures Trading
CLOSING MARKET NEWS
March 24, 2008
The Dow closed up 187.32 at 12,548.64 and the Nasdaq closed up 68.64 at 2326.75. Transports closed up 153.38 at 4861.03.
Total volume on the NYSE was below average trading 1.56 billion shares. Up/down volume was 4.21 to 1 positive, Nasdaq up/down volume was 10.37 to 1 positive.
June E-mini S&P Futures closed up 26.75 points at 1351.50 and the June Nasdaq 100 Futures closed up 69.25 at 1819.25. June E-mini S&P Futures total volume was below average trading 1.41 million contracts. June 30 Yr. T-Bond Futures are trading down 2-22 at 118-09.
May Oil Futures closed down .98 at 100.86 and May Natural Gas Futures closed up .28 at 9.42.
April Gold Futures closed down 1.30 at 918.70 and May Silver Futures closed up .26 at 17.11.
Grains were higher with May Wheat Futures closing up 32 ½ cents at 10.20, May Beans closed LIMIT UP at 12.57, and May Corn closed up 17 ¼ cents at 5.24 ¾.
April Live Cattle Futures closed down .25 at 90.425 and April Feeder Cattle closed down .75 at 103.275. April Lean Hogs closed down 0.025 at 56.30.
“Seek first to understand, then to be understood.”
Author: Stephen Covey
AS I SEE IT: The market was strong today on JPMogan quadrupling the bid for Bear Stearns and a better Existing Home Sales report. This is the second day that the market has rallied on the day’s news. I expect news, earnings, and the Fed to continue to move this market in one direction or the other. I also believe investors will take profits where they have them on these rallies.
The market closed well off its high but internals were strong today even though the volume was light. This market is volatile and it looks to me like volatility is here to stay for years. It should be an excellent time for skilled traders.
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
March 24, 2008
The Dow closed up 187.32 at 12,548.64 and the Nasdaq closed up 68.64 at 2326.75. Transports closed up 153.38 at 4861.03.
Total volume on the NYSE was below average trading 1.56 billion shares. Up/down volume was 4.21 to 1 positive, Nasdaq up/down volume was 10.37 to 1 positive.
June E-mini S&P Futures closed up 26.75 points at 1351.50 and the June Nasdaq 100 Futures closed up 69.25 at 1819.25. June E-mini S&P Futures total volume was below average trading 1.41 million contracts. June 30 Yr. T-Bond Futures are trading down 2-22 at 118-09.
May Oil Futures closed down .98 at 100.86 and May Natural Gas Futures closed up .28 at 9.42.
April Gold Futures closed down 1.30 at 918.70 and May Silver Futures closed up .26 at 17.11.
Grains were higher with May Wheat Futures closing up 32 ½ cents at 10.20, May Beans closed LIMIT UP at 12.57, and May Corn closed up 17 ¼ cents at 5.24 ¾.
April Live Cattle Futures closed down .25 at 90.425 and April Feeder Cattle closed down .75 at 103.275. April Lean Hogs closed down 0.025 at 56.30.
“Seek first to understand, then to be understood.”
Author: Stephen Covey
AS I SEE IT: The market was strong today on JPMogan quadrupling the bid for Bear Stearns and a better Existing Home Sales report. This is the second day that the market has rallied on the day’s news. I expect news, earnings, and the Fed to continue to move this market in one direction or the other. I also believe investors will take profits where they have them on these rallies.
The market closed well off its high but internals were strong today even though the volume was light. This market is volatile and it looks to me like volatility is here to stay for years. It should be an excellent time for skilled traders.
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
No comments:
Post a Comment