Futures Trading
CLOSING MARKET NEWS
April 9, 2008
The Dow closed down 49.18 at 12,527.26 and the Nasdaq closed down 27.26 at 2322.12. Transports closed down 175.22 at 4803.18.
Total volume on the NYSE was below average trading 1.21 billion shares. Up/down volume was 3.90 to 1 negative, Nasdaq up/down volume was 2.85 to 1 negative.
June E-mini S&P Futures closed down 10.75 at 1360.25 and the June Nasdaq 100 Futures closed down 17.50 at 1837.25. June E-mini S&P Futures total volume was average trading 1.83 million contracts. June 30 Yr. T-Bond Futures are trading up 1-00 at 119-09.
June Oil Futures closed up 2.37 at 110.87 and May Natural Gas Futures closed up .36 at 10.06.
June Gold Futures closed up 19.70 at 938.00 and May Silver Futures closed up 0.502 at 18.21.
Grains were mixed with May Wheat Futures closing unchanged at 9.34, May Beans closed up 61 ½ cents at 13.13, and May Corn closed up 13 ¾ at 6.05.
June Live Cattle Futures closed down 1.875 at 87.80 and May Feeder Cattle closed down 2.10 at 100.75. April Lean Hogs closed down 0.725 at 70.55.
“Keep your eyes wide open before marriage, and half shut afterwards.”
Author: Benjamin Franklin
AS I SEE IT: Overnight the market traded higher early, but sold down below yesterday’s E-mini S&P closing price before the regular market session opened. There was a small rally on the open and then the market rolled over and started selling off. There were a few small rallies that didn’t hold until near the close when the market rallied back up to the first resistance price. The down day today took the market below the last five days lows.
The Transports were hit hard today as Oil hit $112.21 a barrel at the high of the day. Earnings and the Oil market should move the market in coming days.
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
April 9, 2008
The Dow closed down 49.18 at 12,527.26 and the Nasdaq closed down 27.26 at 2322.12. Transports closed down 175.22 at 4803.18.
Total volume on the NYSE was below average trading 1.21 billion shares. Up/down volume was 3.90 to 1 negative, Nasdaq up/down volume was 2.85 to 1 negative.
June E-mini S&P Futures closed down 10.75 at 1360.25 and the June Nasdaq 100 Futures closed down 17.50 at 1837.25. June E-mini S&P Futures total volume was average trading 1.83 million contracts. June 30 Yr. T-Bond Futures are trading up 1-00 at 119-09.
June Oil Futures closed up 2.37 at 110.87 and May Natural Gas Futures closed up .36 at 10.06.
June Gold Futures closed up 19.70 at 938.00 and May Silver Futures closed up 0.502 at 18.21.
Grains were mixed with May Wheat Futures closing unchanged at 9.34, May Beans closed up 61 ½ cents at 13.13, and May Corn closed up 13 ¾ at 6.05.
June Live Cattle Futures closed down 1.875 at 87.80 and May Feeder Cattle closed down 2.10 at 100.75. April Lean Hogs closed down 0.725 at 70.55.
“Keep your eyes wide open before marriage, and half shut afterwards.”
Author: Benjamin Franklin
AS I SEE IT: Overnight the market traded higher early, but sold down below yesterday’s E-mini S&P closing price before the regular market session opened. There was a small rally on the open and then the market rolled over and started selling off. There were a few small rallies that didn’t hold until near the close when the market rallied back up to the first resistance price. The down day today took the market below the last five days lows.
The Transports were hit hard today as Oil hit $112.21 a barrel at the high of the day. Earnings and the Oil market should move the market in coming days.
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
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