Futures Trading
CLOSING MARKET NEWS
April 18, 2008
The Dow closed up 228.87 at 12,849.36 and the Nasdaq closed up 60.90 at 2402.97. Transports closed up 113.11 at 5100.08.
Total volume on the NYSE was below average trading 1.47 billion shares. Up/down volume was 4.03 to 1 positive, Nasdaq up/down volume was 5.74 to 1 positive.
June E-mini S&P Futures closed up 15.75 at 1388.00 and the June Nasdaq 100 Futures closed up 36.00 at 1903.00. June E-mini S&P Futures total volume was average trading 1.98 million contracts. June 30 Yr. T-Bond Futures are trading up 0-02 at 116-24.
June Oil Futures closed up 1.71 at 116.16 and May Natural Gas Futures closed up .20 at 10.59.
June Gold Futures closed down 27.70 at 915.20 and May Silver Futures closed down 0.485 at 17.82.
Grains were mixed with May Wheat Futures closing down 43 cents at 8.70, May Beans closed up 11 cents at 13.61 ½, and May Corn closed down 4 cents at 5.99 ½.
June Live Cattle Futures closed down 0.325 at 92.325 and May Feeder Cattle closed down .30 at 105.725. June Lean Hogs closed up 1.40 at 74.35.
“If you associate with quality people, quality products, quality friends, your economical life could be great.”
Author: Unknown
AS I SEE IT: Overnight markets rallied on the Google, Citigroup and Caterpillar earnings. The E-mini S&P sold off a little during the first hour’s regular trading session before a rally started that lasted for the next three hours. After mid-day the S&P started selling off into the close but still ended up 15.75 points on the day.
Next week the calendar is filled with earnings reports so the E-mini S&P should continue to have nice trading ranges. Our short term trading strategies turned up on Wednesday and the market has continued to move higher. Intermediate and long term strategies are still in the sell zone. I’ll be paying attention to the gap down to Thursday’s close, but if the market holds the rally our strategies will keep me on the long side. Traders don’t seem to mind if Oil trades above $116.00 a barrel.
I HOPE YOU MADE MONEY THIS WEEK!
HAVE A GOOD WEEKEND AND GET READY FOR MORE GOOD TRADING NEXT WEEK!
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 18, 2008
The Dow closed up 228.87 at 12,849.36 and the Nasdaq closed up 60.90 at 2402.97. Transports closed up 113.11 at 5100.08.
Total volume on the NYSE was below average trading 1.47 billion shares. Up/down volume was 4.03 to 1 positive, Nasdaq up/down volume was 5.74 to 1 positive.
June E-mini S&P Futures closed up 15.75 at 1388.00 and the June Nasdaq 100 Futures closed up 36.00 at 1903.00. June E-mini S&P Futures total volume was average trading 1.98 million contracts. June 30 Yr. T-Bond Futures are trading up 0-02 at 116-24.
June Oil Futures closed up 1.71 at 116.16 and May Natural Gas Futures closed up .20 at 10.59.
June Gold Futures closed down 27.70 at 915.20 and May Silver Futures closed down 0.485 at 17.82.
Grains were mixed with May Wheat Futures closing down 43 cents at 8.70, May Beans closed up 11 cents at 13.61 ½, and May Corn closed down 4 cents at 5.99 ½.
June Live Cattle Futures closed down 0.325 at 92.325 and May Feeder Cattle closed down .30 at 105.725. June Lean Hogs closed up 1.40 at 74.35.
“If you associate with quality people, quality products, quality friends, your economical life could be great.”
Author: Unknown
AS I SEE IT: Overnight markets rallied on the Google, Citigroup and Caterpillar earnings. The E-mini S&P sold off a little during the first hour’s regular trading session before a rally started that lasted for the next three hours. After mid-day the S&P started selling off into the close but still ended up 15.75 points on the day.
Next week the calendar is filled with earnings reports so the E-mini S&P should continue to have nice trading ranges. Our short term trading strategies turned up on Wednesday and the market has continued to move higher. Intermediate and long term strategies are still in the sell zone. I’ll be paying attention to the gap down to Thursday’s close, but if the market holds the rally our strategies will keep me on the long side. Traders don’t seem to mind if Oil trades above $116.00 a barrel.
I HOPE YOU MADE MONEY THIS WEEK!
HAVE A GOOD WEEKEND AND GET READY FOR MORE GOOD TRADING NEXT WEEK!
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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