Futures Trading
CLOSING MARKET NEWS
April 17, 2008
The Dow closed up 1.22 at 12,620.49 and the Nasdaq closed down 8.28 at 2341.83. Transports closed down 86.44 at 4986.97.
Total volume on the NYSE was below average trading 1.22 billion shares. Up/down volume was 1.09 to 1 positive, Nasdaq up/down volume was just a couple points positive.
June E-mini S&P Futures closed up 1.25 at 1372.25 and the June Nasdaq 100 Futures closed 4.75 higher at 1867.00. June E-mini S&P Futures total volume was average trading 1.78 million contracts. June 30 Yr. T-Bond Futures are trading down 0-08 at 116-24.
June Oil Futures closed down .55 at 113.90 and May Natural Gas Futures closed down .04 at 10.39.
June Gold Futures closed down 5.40 at 942.90 and May Silver Futures closed down 0.035 at 18.29.
Grains were mixed with May Wheat Futures closing down 11 ½ cents at 9.13, May Beans closed up 5 ¾ at 13.50 ½, and May Corn closed down ¼ cent at 6.03 ¼.
June Live Cattle Futures closed up 1.00 at 92.65 and May Feeder Cattle closed up 1.825 at 106.025. June Lean Hogs closed down 1.075 at 72.90.
“Patience, persistence and perspiration make an unbeatable combination for success.”
Author: Napolean Hill
AS I SEE IT: The market sold off in overnight trading even though IBM rallied the market on the close yesterday. The E-mini S&P traded lower for two hours before starting an erratic move up into the close. Google earnings after the bell rallied the S&P to the highs of the day.
Google is trading $75 dollars higher right now so tomorrow’s open will be interesting. Our short term trading strategies turned up yesterday but this market trades day to day as earnings come out. The price swings can be much more erratic than usual as traders square their books in front of earnings. Low stock market volume still concerns me even though the market is trying to go higher right now.
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 17, 2008
The Dow closed up 1.22 at 12,620.49 and the Nasdaq closed down 8.28 at 2341.83. Transports closed down 86.44 at 4986.97.
Total volume on the NYSE was below average trading 1.22 billion shares. Up/down volume was 1.09 to 1 positive, Nasdaq up/down volume was just a couple points positive.
June E-mini S&P Futures closed up 1.25 at 1372.25 and the June Nasdaq 100 Futures closed 4.75 higher at 1867.00. June E-mini S&P Futures total volume was average trading 1.78 million contracts. June 30 Yr. T-Bond Futures are trading down 0-08 at 116-24.
June Oil Futures closed down .55 at 113.90 and May Natural Gas Futures closed down .04 at 10.39.
June Gold Futures closed down 5.40 at 942.90 and May Silver Futures closed down 0.035 at 18.29.
Grains were mixed with May Wheat Futures closing down 11 ½ cents at 9.13, May Beans closed up 5 ¾ at 13.50 ½, and May Corn closed down ¼ cent at 6.03 ¼.
June Live Cattle Futures closed up 1.00 at 92.65 and May Feeder Cattle closed up 1.825 at 106.025. June Lean Hogs closed down 1.075 at 72.90.
“Patience, persistence and perspiration make an unbeatable combination for success.”
Author: Napolean Hill
AS I SEE IT: The market sold off in overnight trading even though IBM rallied the market on the close yesterday. The E-mini S&P traded lower for two hours before starting an erratic move up into the close. Google earnings after the bell rallied the S&P to the highs of the day.
Google is trading $75 dollars higher right now so tomorrow’s open will be interesting. Our short term trading strategies turned up yesterday but this market trades day to day as earnings come out. The price swings can be much more erratic than usual as traders square their books in front of earnings. Low stock market volume still concerns me even though the market is trying to go higher right now.
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
No comments:
Post a Comment