Tuesday, March 25, 2008

Futures Trading


CLOSING MARKET NEWS
March 25, 2008

The Dow closed down 16.04 at 12,532.60 and the Nasdaq closed up 14.30 at 2341.05. Transports closed up 40.03 at 4901.06.

Total volume on the NYSE was below average trading 1.47 billion shares. Up/down volume was 1.60 to 1 positive, Nasdaq up/down volume was 1.74 to 1 positive.

June E-mini S&P Futures closed unchanged at 1351.50 and the June Nasdaq 100 Futures closed up 6.75 at 1826.00. June E-mini S&P Futures total volume was average trading 1.72 million contracts. June 30 Yr. T-Bond Futures are trading up 0-04 at 118-29.

May Oil Futures closed up .36 at 101.22 and May Natural Gas Futures closed up .09 at 9.51.

April Gold Futures closed up 15.50 at 934.20 and May Silver Futures closed up .70 at 17.81.

Grains were mixed with May Wheat Futures closing up 47 ½ cents at 10.67 ½, May Beans closed LIMIT UP 50 cents at 13.07, and May Corn closed LIMIT UP 20 cents at 544 ¾.

April Live Cattle Futures closed up 0.725 at 91.15 and April Feeder Cattle closed down 0.075 at 103.20. April Lean Hogs closed up 1.50 at 57.90.

“The world is moving so fast these days that the one who says it can’t be done is generally interrupted by someone doing it.”
Author: Harry Emerson Fosdick

AS I SEE IT: The market rallied early but sold off when the Consumer Confidence report came out at 10:00ET. After the first hour’s trading the market started to rally in a very choppy fashion. It traded back and forth and sold off a little on the close.

This is the third day the E-mini S&P has held its gains. It had a inside trading range today. Tomorrow the Durable Goods Orders and the New Home Sales reports should set the market trend early.

I HOPE YOU MADE MONEY TODAY!
It was a difficult trading day for me and I lost money!

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

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