Thursday, April 24, 2008

Futures Trading

April 24, 2008

The Dow closed up 85.73 at 12,848.95 and the Nasdaq closed up 23.71 at 2428.92. Transports closed up 109.85 at 5057.51.

Total volume on the NYSE was below average trading 1.44 billion shares. Up/down volume was 1.92 to 1 positive, Nasdaq up/down volume was 2.20 to 1 positive.

June E-mini S&P Futures closed up 7.50 at 1386.00 and the June Nasdaq 100 Futures closed up 15.25 at 1920.75. June E-mini S&P Futures total volume was above average trading 2.14 million contracts. June 30 Yr. T-Bond Futures are trading down 0-30 at116-03.

June Oil Futures closed down 2.70 at 115.60 and May Natural Gas Futures closed up .0090 at 10.79.

June Gold Futures closed down 19.60 at 889.40 and May Silver Futures closed down .505 at 16.66.

Grains were mixed with May Wheat Futures closing down 8 ½ cents at 8.09 ¼, May Beans closed down 23 ¼ cents at 13.48 ¾, and May Corn closed down 12 ¼ cents at 5.75 ¾.

June Live Cattle Futures closed down .20 at 92.675 and May Feeder Cattle closed up .45 at 107.025. June Lean Hogs closed down 0.425 at 75.00.

“Intellectual growth should commence at birth and cease only at death.”
Author: Albert Einstein

AS I SEE IT: The market traded down near support when the regular trading session opened and then rallied up through short term resistance. It failed to hold the resistance price and traded down some into the close. The Dow closed up 85.73 points and the E-mini S&P closed up 7.50 points.

Today the E-mini S&P took out the low price and the high price of the last 5 trading days and closed about in the middle of that range. There hasn’t been any follow through to the up or downside.

Our short term trading strategies are long and the intermediate and long term trading strategies are short. My June E-mini S&P resistance number is in the 1400.00 area and support is in the 1368.00 area.


Have as much fun trading as I do!

P 303-796-1005
F 303-796-1023


Anonymous said...

Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point.
You clearly know what youre talking about, why waste your intelligence on just posting videos to your weblog when you could be giving us something informative to read?

Here is my blog post; top ways to make money
Also see my website: easy ways to save money

Anonymous said...

Oh my goodness! Awesome article dude! Thank you so much, However I
am having troubles with your RSS. I don't know why I can't subscribe to it.
Is there anybody else getting similar RSS problems?
Anyone that knows the answer can you kindly respond?

Here is my site ... forex accounts

Anonymous said...

Hi, this weekend is good in support of me, since this moment i am reading
this enormous educational piece of writing here at my residence.

Feel free to visit my page :: home online jobs

Anonymous said...

I seldom drop responses, but i did a few searching and
wound up here "Futures Trading". And I actually do have a couple
of questions for you if you don't mind. Could it be just me or does it look like some of these responses look as if they are left by brain dead folks? :-P And, if you are posting at additional online social sites, I would like to keep up with everything fresh you have to post. Could you list of all of all your shared sites like your Facebook page, twitter feed, or linkedin profile?

Take a look at my weblog: Online jobs

Anonymous said...

I feel this is one of the most important info for me.

And i am happy reading your article. However should observation on some basic issues,
The web site style is wonderful, the articles is actually
great : D. Good process, cheers

my webpage - quickest way to make money
my website > how to get money free online

Anonymous said...

Today, while I was at work, my cousin stole my iPad
and tested to see if it can survive a forty foot drop, just so she can be a youtube
sensation. My apple ipad is now destroyed and she has 83 views.
I know this is completely off topic but I had to share it with

My weblog; i need free money to pay my bills

Anonymous said...

It's very effortless to find out any matter on net as compared to textbooks, as I found this article at this website.

my page :: diamondlinks review