CLOSING MARKET NEWS
March 27, 2008
The Dow closed down 120.16 at 12,302.46 and the Nasdaq closed down 41.61 at 2280.83. Transports closed down 33.67 at 4778.66.
Total volume on the NYSE was below average trading 1.42 billion shares. Up/down volume was 2.88 to 1 negative, Nasdaq up/down volume was 3.66 to 1 negative.
June E-mini S&P Futures closed down 5.75 at 1329.75 and the June Nasdaq 100 Futures closed down 18.25 at 1792.00. June E-mini S&P Futures total volume was average trading 2.02 million contracts. June 30 Yr. T-Bond Futures are trading down 0-28 at 117-30.
May Oil Futures closed up 1.68 at 107.43 and May Natural Gas Futures closed up 0.0020 at 9.69.
April Gold Futures closed down 3.20 at 948.80 and May Silver Futures down 0.133 at 18.25.
Grains were mixed with May Wheat Futures closing down 19 cents at 10.14, May Beans closed down 25 ¾ cents at 13.26 ¼, and May Corn was 3 ¼ cents higher closing at 5.55 ½.
April Live Cattle Futures closed down 1.50 at 88.65 and April Feeder Cattle closed down 1.375 at 100.775. April Lean Hogs closed up 0.725 at 58.15.
“The eye sees only what the mind is prepared to comprehend.”
Author: Henri Bergson
AS I SEE IT: The market opened higher but sold off immediately for an hour. Then it rallied back up to the overnight highs before selling off again. On the way down it jacked back and forth ending the day lower.
This is the window dressing time of the month so I just have to go with the market momentum. Usually the market rallies at this time of the month but news and earnings will move this volatile market.
I HOPE YOU MADE MONEY TODAY!
Have as much fun trading as I do!