Futures Trading
CLOSING MARKET NEWS
April 10, 2008
The Dow closed up 54.72 at 12,581.98 and the Nasdaq closed up 29.58 at 2351.70. Transports closed up 64.94 at 4868.12.
Total volume on the NYSE was below average trading 1.28 billion shares. Up/down volume was 1.53 to 1 positive, Nasdaq up/down volume was 3.16 to 1 positive.
June E-mini S&P Futures closed up 2.50 at 1362.75 and the June Nasdaq 100 Futures closed up 21.50 at 1858.75. June E-mini S&P Futures total volume was average trading 1.77 million contracts. June 30 Yr. T-Bond Futures are trading down 0-14 at 118-31.
June Oil Futures closed down .76 at 110.11 and May Natural Gas Futures closed up .04 at 10.10.
June Gold Futures closed down 5.80 at 931.70 and May Silver Futures closed down 0.157 at 18.043.
Grains were mixed with May Wheat Futures closing down 9 cents at 9.25, May Beans closed up 43 cents at 13.56, and May Corn closed down 10 ¾ at 5.94 ¼.
June Live Cattle Futures closed up 2.10 at 89.85 and May Feeder Cattle closed up 1.575 at 102.40. June Lean Hogs closed down .35 at 70.20.
“Discipline is the bridge between goals and accomplishment.”
Author: Jim Rohn
AS I SEE IT: Overnight the market was lower and this morning when our regular trading session opened the E-mini S&P rallied a few points before turning quickly lower. The E-mini S&P went down for a half hour, exactly to yesterday’s low and then turned higher. During the next two and a half hours it rallied before trading sideways to a little lower.
The market continues to hold up in the short term as traders are still buying the dips. The E-mini S&P closed today 9.75 points below Monday’s open. Volume continues to be very light as investors and traders hold off from making large bets. For me, resistance is above today’s high and support is below today’s low. The E-mini S&P had both a double bottom and a double top at those prices today.
Listening to President Bush today it sounds to me like he might hit some targets in Iran before long. What’s that going to do to this $110.00 dollar Oil price? The market has slowed down a little but I believe there will be a big price move soon.
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 10, 2008
The Dow closed up 54.72 at 12,581.98 and the Nasdaq closed up 29.58 at 2351.70. Transports closed up 64.94 at 4868.12.
Total volume on the NYSE was below average trading 1.28 billion shares. Up/down volume was 1.53 to 1 positive, Nasdaq up/down volume was 3.16 to 1 positive.
June E-mini S&P Futures closed up 2.50 at 1362.75 and the June Nasdaq 100 Futures closed up 21.50 at 1858.75. June E-mini S&P Futures total volume was average trading 1.77 million contracts. June 30 Yr. T-Bond Futures are trading down 0-14 at 118-31.
June Oil Futures closed down .76 at 110.11 and May Natural Gas Futures closed up .04 at 10.10.
June Gold Futures closed down 5.80 at 931.70 and May Silver Futures closed down 0.157 at 18.043.
Grains were mixed with May Wheat Futures closing down 9 cents at 9.25, May Beans closed up 43 cents at 13.56, and May Corn closed down 10 ¾ at 5.94 ¼.
June Live Cattle Futures closed up 2.10 at 89.85 and May Feeder Cattle closed up 1.575 at 102.40. June Lean Hogs closed down .35 at 70.20.
“Discipline is the bridge between goals and accomplishment.”
Author: Jim Rohn
AS I SEE IT: Overnight the market was lower and this morning when our regular trading session opened the E-mini S&P rallied a few points before turning quickly lower. The E-mini S&P went down for a half hour, exactly to yesterday’s low and then turned higher. During the next two and a half hours it rallied before trading sideways to a little lower.
The market continues to hold up in the short term as traders are still buying the dips. The E-mini S&P closed today 9.75 points below Monday’s open. Volume continues to be very light as investors and traders hold off from making large bets. For me, resistance is above today’s high and support is below today’s low. The E-mini S&P had both a double bottom and a double top at those prices today.
Listening to President Bush today it sounds to me like he might hit some targets in Iran before long. What’s that going to do to this $110.00 dollar Oil price? The market has slowed down a little but I believe there will be a big price move soon.
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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