Soaring Phoenix, LLC Futures Trading

Futures Trading

2008-04-30T06:22:00.000-05:00

Soaring Phoenix is no longer updating the daily closing market news on the blog site. If you have any questions send an email to soaringphoenix@qwest.net

Futures Trading

2008-04-25T20:11:00.000-05:00

CLOSING MARKET NEWS
April 25, 2008

The Dow closed up 42.91 points at 12,891.86 and the Nasdaq closed down 5.99 at 2422.93. Transports closed up 59.86 at 5117.37.

Total volume on the NYSE was below average trading 1.27 billion shares. Up/down volume was 1.94 to 1 positive, Nasdaq up/down volume was 1.30 to 1 negative.

June E-mini S&P Futures closed up 11.00 at 1397.00 and the June Nasdaq 100 Futures closed up .25 at 1921.00. June E-mini S&P Futures total volume was below average trading 1.56 million contracts. June 30 Yr. T-Bond Futures are trading down 0-18 at 115-17.

June Oil Futures closed up 2.46 at 118.52 and May Natural Gas Futures closed up .17 at 10.96.

June Gold Futures closed up .30 at 889.70 and May Silver Futures up .19 at 16.85.

Grains were mixed with May Wheat Futures closing down 8 ¾ cents at 8.00 ½, May Beans closed down 23 cents at 13.25 ¾, and May Corn closed up 1 cent at 5.77 ¼.

June Live Cattle Futures closed up .70 at 93.375 and May Feeder Cattle closed up 0.725 at 107.75. June Lean Hogs closed up 1.35 at 76.35.

“A goal is not always meant to be reached; it often serves simply as something to aim at.”
Author: Bruce Lee

AS I SEE IT: The market rallied in overnight trading but sold off sharply for two hours after the regular session opened. It rallied back about half way and traded sideways for a couple hours before rallying into the close. The market continues to trade in the up channel it’s been in for the last 8 trading days.

For the week the E-mini S&P rallied 8.75 points. Volume was light all week and the weekly trading range was small. Earnings continue to come out next week so that could move the market out of this sideways trading range. I’m watching the Oil market that ran up to 119.25 at the high today on news that a ship carrying U.S. cargo fired warning shots at Iranian boats.

My June E-mini S&P resistance is still in the 1400.00 area with support in the 1380.00 area.

I HOPE YOU MADE MONEY THIS WEEK!

HAVE A GOOD SPRING WEEKEND!

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

Futures Trading

2008-04-24T16:22:00.000-05:00

CLOSING MARKET NEWS
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.

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

Futures Trading

2008-04-23T16:18:00.000-05:00

CLOSING MARKET NEWS
April 23, 2008

The Dow closed up 42.99 at 12,763.22 and the Nasdaq closed up 28.06 at 2405.21. Transports closed down 17.95 at 4947.66.

Total volume on the NYSE was below average trading 1.34 billion shares. Up/down volume was 1.05 to 1 negative, Nasdaq up/down volume was 2.72 to 1 positive.

June E-mini S&P Futures closed down 2.25 at 1378.50 and the June Nasdaq 100 Futures closed up 10.50 at 1905.50. June E-mini S&P Futures total volume was average trading 1.82 million contracts. June 30 Yr. T-Bond Futures are trading down 0-10 at 116-27.

June Oil Futures closed up .23 at 118.30 and May Natural Gas Futures closed up .17 at 10.78.

June Gold Futures closed down 16.20 at 909.00 and May Silver Futures closed down .48 at 17.23.

Grains were lower with May Wheat Futures closing down 34 cents at 817 ¾, May Beans closed down 2 ¾ cents at 13.72, and May Corn closed down 6 ½ cents at 587 ¾.

June Live Cattle Futures closed up 0.775 at 92.875 and May Feeder Cattle closed up .50 at 106.575. June Lean Hogs closed up 1.75 at 75.425.

“There is no great genius without some touch of madness.”
Author: Lucius Annaeus Seneca

AS I SEE IT: The market opened a little lower this morning but caught a bid and rallied for two hours before selling back to overnight lows. The rest of the day the market traded a little higher on the Dow but closed a couple points lower in the E-mini S&P contract. This is the fourth day that the market has traded in a small trading range not being able to rally on up from here.

Earnings reports and 118.00 dollar Oil have held this market down so I want to see which one gives first. If Oil holds in here or rallies it looks like the market is going to have a hard time advancing.

Our short term trading strategies are long and the intermediate and long term strategies are short. For me, resistance in the E-mini S&P Futures contract is in the 1394.00 area with support in the 1370.00 area.

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

Futures Trading

2008-04-22T17:03:00.000-05:00

CLOSING MARKET NEWS
April 22, 2008

The Dow closed down 104.79 at 12,720.23 and the Nasdaq closed down 31.10 at 2376.94. Transports closed down 78.73 at 4965.61.

Total volume on the NYSE was below average trading 1.32 billion shares. Up/down volume was 2.58 to 1 negative, Nasdaq up/down volume was 2.81 to 1 negative.

June E-mini S&P Futures closed down 7.50 at 1380.75 and the June Nasdaq 100 Futures closed down 19.00 at 1895.00. June E-mini S&P Futures total volume was average trading 1.74 million contracts. June 30 Yr. T-Bond Futures are trading up 0-14 at 117-16.

June Oil Futures closed up 1.44 at 118.07 and May Natural Gas Futures closed down .13 at 10.61

June Gold Futures closed up 7.60 at 925.20 and May Silver Futures closed up .36 at 17.72.

Grains were higher with May Wheat Futures up 6 cents at 8.51 ¾, May Beans closed up 59 ¼ at 13.74 ¾, and May Corn closed up 14 cents at 5.94 ¼.

June Live Cattle Futures closed up.15 at 92.10 and May Feeder Cattle closed up .05 at 106.075. June Lean Hogs closed up .70 at 73.675.

“It’s much easier to suggest solutions when you don’t know too much about the problem.”
Author: Malcolm Forbes

AS I SEE IT: The E-mini S&P Futures opened a little lower this morning and after two attempts to close the opening gap in the first two hours it started selling off. It sold off to support in the 1370 area filling the opening gap left last Thursday. Volume was still light but a little better than the last couple days. Our short term trading strategies are long while the intermediate and long term strategies are short.

Yesterday I talked about my concern that the market would have a difficult time advancing with Oil prices rising and that did affect the market today. The May Oil Futures traded up to 119.90 today before going off the board at 119.37.

For me, short term resistance in the June E-mini S&P is in the 1394.00 area with support in the 1370.00 area.

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

Futures Trading

2008-04-21T17:12:00.000-05:00

CLOSING MARKET NEWS
April 21, 2008

The Dow closed down 24.34 at 12,825.02 and the Nasdaq closed up 5.07 at 2408.04. Transports closed down 55.74 at 5044.34.

Total volume on the NYSE was below average trading 1.12 billion shares. Up/down volume was 1.23 to 1 negative, Nasdaq up/down volume was 1.21 to 1 positive.

June E-mini S&P Futures closed up .25 at 1388.25 and the June Nasdaq 100 Futures closed up 11.00 at 1914.00. June E-mini S&P Futures total volume was below average trading 1.25 million contracts. June 30 Yr. T-Bond Futures are trading up 0-19 at 117-01.

June Oil Futures closed up .47 at 116.63 and May Natural Gas Futures closed up .15 at 10.73.

June Gold Futures closed up 2.40 at 917.60 and May Silver Futures closed down .46 at 17.36.

Grains were mixed with May Wheat Futures closing down 24 ¼ cents at 8.45 ¾, May Beans closed down 46 cents at 13.15 ½, and May Corn was 19 ¼ lower at 5.80 ¼.

June Live Cattle Futures closed down 0.375 at 91.95 and May Feeder Cattle closed up .30 at 106.025. June Lean Hogs closed down 1.375 at 72.975.

“We must all suffer one of two things; the pain of discipline or the pain of regret or disappointment.”
Jim Rohn

AS I SEE IT: The market sold off early following the overnight markets lead. Then it rallied back to unchanged prices before selling off a little into the close. Volume was light and trading ranges were small as the market continues to wait for more earnings reports.

The sideways indecision of the market will change soon as more earnings come out. For now our short term trading strategies are up while the intermediate and long term strategies are pointing down. The May Oil Futures contract closed at 17.48 a barrel with the June contract trading at 116.83. I believe if Oil prices stay here or go higher the market is going to have a hard time holding any advance.

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

Futures Trading

2008-04-18T18:12:00.000-05:00

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

Futures Trading

2008-04-17T18:19:00.001-05:00

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

Futures Trading

2008-04-17T18:19:00.000-05:00

Futures Trading

2008-04-16T19:29:00.000-05:00

CLOSING MARKET NEWS
April 16, 2008

The Dow closed up 256.80 at 12,619.27 and the Nasdaq closed up 64.07 at 2350.11. Transports closed 190.64 higher at 50.73.41.

Total volume on the NYSE was below average trading 1.42 billion shares. Up/down volume was 6.50 to 1 positive, Nasdaq up/down volume was 6.22 to 1 positive.

June E-mini S&P Futures closed up 35.00 at 1371.00 and the June Nasdaq 100 Futures closed up 65.50 at 1862.25. June E-mini S&P Futures total volume was above average trading 2.08 million contracts. June 30 Yr. T-Bond Futures are trading down 1-06 at 117-08.

June Oil Futures closed up 1.23 at 114.45 and May Natural Gas Futures closed up .23 at 10.43.

June Gold Futures closed up 15.50 at 947.50 and May Silver Futures closed up .45 at 18.30.

Grains were mixed with May Wheat Futures closing up 29 ¼ at 9.25, May Beans closed down 36 cents at 13.44, and May Corn closed down 2 ½ cents at 6.03 ½.

June Live Cattle Futures closed up 0.075 at 91.65 and May Feeder Cattle closed up .25 at 104.20. June Lean Hogs closed down 0.050 at 74.05.

“People never lie so much as after a hunt, during a war or before an election”
Author: Otto von Bismarck

AS I SEE IT: The overnight market was higher and when our regular trading session opened the E-mini S&P gapped up over resistance and started the days rally. It rallied up for two and a half hours then traded sideways to lower mid-day. With two hours of trading to go the market rallied on to the highs of the day.

After the closing bell IBM and Ebay earnings were bullish so those stocks are trading higher right now. There were a lot of shorts in the market today that had to cover when resistance was broken on the open and that helped drive E-mini S&P prices higher. Traders are all technicians today so I believe the market is going to continue to have large price swings as support and resistance prices are broken.

The Soaring Phoenix Market Trading Strategies turned up short term today while intermediate and long term strategies are still pointing down.

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

Futures Trading

2008-04-15T19:49:00.000-05:00

CLOSING MARKET NEWS
April 15, 2008

The Dow closed up 60.41 at 12,362.47 and the Nasdaq closed up 10.63 at 2286.04. Transports closed up 49.47 at 4882.77.

Total volume on the NYSE was below average trading 1.23 billion shares. Up/down volume was 1.81 to 1 positive, Nasdaq up/down volume was 1.41 to 1 positive.

June E-mini S&P Futures closed up 4.75 at 1336.00 and the June Nasdaq 100 Futures closed up .50 at 1796.75. June E-mini S&P Futures total volume was average trading 1.75 million contracts. June 30 Yr. T-Bond Futures are trading down 1-04 at 118-05.

June Oil Futures closed up 2.05 at 113.22 and May Natural Gas Futures closed up .12 at 10.24.

June Gold Futures closed up 3.60 at 932.30 and May Silver Futures were up 0.050 at 17.85.

Grains were mixed with May Wheat Futures closing down ¼ cent at 8.95 ¾, May Beans closed up 7 ½ cents at 13.80 and May Corn closed up 14 ¼ cents at 6.06.

June Live Cattle Futures closed up 1.475 at 91.575 and May Feeder Cattle closed up 0.875 at 103.95. June Lean Hogs closed up 2.175 at 74.10.

“You have to expect things of yourself before you can do them.”
Author: Michael Jordan

AS I SEE IT: The market traded higher near our regular market trading session but started selling off soon after the opening bell. It sold down to yesterdays low in the E-mini S&P contract before starting a rally that lasted into the close. It seemed that traders had a good idea the Intel earnings after the bell would be good and they were right. Right now the E-mini S&P is 6.25 points higher in after hour trading.

Tomorrow morning I want to see how the overnight markets have handled the Intel news. I’m also watching the Oil market move to all time highs in the 113.00 to 114.00 area. Tomorrow the Consumer Price Index and Housing Starts reports will come out at 8:30ET. Industrial Production comes out at 9:15ET with the Beige Book at 2:00ET so the market should be on the move. For me, resistance in the E-mini S&P is in the 1345.00 area and support is in the 1325.00 area.

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

Futures Trading

2008-04-14T17:39:00.000-05:00

CLOSING MARKET NEWS
April 14, 2008

The Dow closed down 23.36 at 12,302.06 and the Nasdaq closed down 14.42 at 2275.82. Transports closed up 19.44 at 4833.30.

Total volume on the NYSE was below average trading 1.17 billion shares. Up/down volume was 1.61 to 1 negative, Nasdaq up/down volume was 2.51 to 1 negative.

June E-mini S&P Futures closed down 4/25 at 1331.25 and the June Nasdaq 100 Futures closed down 10.00 at 1796.25. June E-mini S&P Futures total volume was below average trading 1.46 million contracts. June 30 Yr. T-Bond Futures are trading down 0-14 at 119-08.

June Oil Futures closed up 1.46 at 111.17 and May Natural Gas Futures closed up .15 at 10.05.

June Gold Futures closed up 1.50 at 929.00 and May Silver Futures up .10 at 17.79.

Grains were mixed with May Wheat Futures closing down ½ cent at 8.96, May Beans were 40 cents higher closing at 13.72 ¼, and May Corn closed up 7 ½ cents at 5.91 ¾.

June Live Cattle Futures closed up 0.325 at 90.10 and May Feeder Cattle closed up 0.025 at 103.075. June Lean Hogs closed up .80 at 71.90.

“Books are the bees which carry the quickening pollen from one to another mind.”
Author: James Russell Lowell

AS I SEE IT: This was a small trading range day as the market waits for more earnings in the next couple days. The volume was very light as most traders are standing on the sideline waiting for more information before they establish new positions.

I believe volatility will be back in a big way before this week is over. For me, support in the E-mini S&P contract is in the 1315.00 area and resistance is in the 1345.00 area.

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

Futures Trading

2008-04-10T16:45:00.000-05:00

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

Futures Trading

2008-04-09T19:43:00.000-05:00

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

Futures Trading

2008-04-08T18:29:00.000-05:00

CLOSING MARKET NEWS
April 8, 2008

The Dow closed down 35.99 points at 12,576.44 and the Nasdaq closed down 16.34 at 2348.76. Transports closed down 9.67 at 4978.40.

Total volume on the NYSE was below average trading 1.19 billion shares. Up/down volume was 1.59 to 1 negative, Nasdaq up/down volume was 2 to 1 negative.

June E-mini S&P Futures closed down 1.25 at 1371.00 and the June Nasdaq 100 Futures closed down 11.00 at 1854.75. June E-mini S&P Futures total volume was below average trading 1.41 million contracts. June 30 Yr. T-Bond Futures are trading down 0-04 at 118-08.

May Oil Futures closed down .69 at 108.40 and May Natural Gas Futures closed down .09 at 9.70.

June Gold Futures closed down 8.80 at 918.00 and May Silver Futures closed down 0.412 at 17.708.

Grains were mixed with May Wheat Futures closing up 12 ¾ at 9.34, May Beans closed down 4 ¼ cents at 12.50 ¾, and May Corn up 1 ¼ cents at 5.91 ¼.

June Live Cattle Futures closed up 0.075 at 89.575 and May Feeder Cattle closed up 0.925 at 102.85. June Lean Hogs closed down 0.775 at 71.275.

“The young man knows the rules, but the old man knows the exceptions.”
Author: Oliver Wendell Holmes

AS I SEE IT: Overnight the market traded a little lower and that continued for a few minutes after the regular trading session opened. The market then turned and rallied for a couple hours before starting to sell off again. It did trade a little below the overnight price range but when that held it rallied a little into the close.

The market has basically traded sideways on very light volume for the last 5 days. In the short term the market has turned up so traders are still buying the dips. Until support prices are taken out the market continues to hold up. For me, support for the E-mini S&P is still in the 1359.00 and 1345.00 areas with resistance in the 1390.00 area.

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

Futures Trading

2008-04-07T18:23:00.000-05:00

CLOSING MARKET NEWS
April 7, 2008

The Dow closed up 3.01 at 12,612.43 and the Nasdaq closed down 6.15 at 2364.83. Transports closed up 11.68 at 4988.07.

Total volume on the NYSE was below average trading 1.27 billion shares. Up/down volume was 1.75 to 1 positive, Nasdaq up/down volume was 1.46 to 1 negative.

June E-mini S&P Futures closed up .25 at 1372.25 and the June Nasdaq 100 Futures closed down 4.00 at 1865.75. June E-mini S&P Futures total volume was below average trading 1.47 million contracts. June 30 Yr. T-Bond Futures are trading down 0-24 at 118-12.

May Oil Futures closed up 2.86 at 109.09 and May Natural Gas Futures closed up .47 at 9.79.

June Gold Futures closed up 13.60 at 926.80 and May Silver Futures closed up 0.365 at 18.12.

Grains were lower with May Wheat Futures closing down 53 cents at 921 ¼, May Beans closed down 22 cents at 12.55, and May Corn closed down 8 cents at 5.90.

June Live Cattle Futures closed .30 cents higher at 89.50 and May Feeder Cattle closed up 0.825 at 101.925. June Lean Hogs closed down 0.175 at 72.05.

“The most successful people are those who are good at plan B.”
Author: James Yorke

AS I SEE IT: Overnight the market traded higher, and after our regular trading session opened it pulled back slightly before rallying up to resistance. Mid-day it started selling off and ended the day very close to unchanged. Earnings are starting to come out this week so the market will follow those results.

Since the large rally last Tuesday the market has traded sideways to a little higher on light volume. For me, support in the E-mini S&P starts in the 1359.00 and 1345.00 areas with resistance in the 1390.00 area.

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

Futures Trading

2008-04-04T19:00:00.000-05:00

CLOSING MARKET NEWS
April 4, 2008

The Dow closed down 16.61 at 12,609.42 and the Nasdaq closed up 7.68 at 2370.98. Transports closed down 22.94 at 4976.39.

Total volume on the NYSE was below average trading 1.23 billion shares. Up/down volume was about even, Nasdaq up/down volume was 1.25 to 1 positive.

June E-mini S&P Futures closed down 1.50 at 1372.00 and the June Nasdaq 100 Futures closed up 2.50 at 1869.75. June E-mini S&P Futures total volume was average trading 1.92 million contracts. June 30 Yr. T-Bond Futures are trading up 1022 at 119-08.

May Oil Futures closed up 2.40 at 106.23 and May Natural Gas Futures closed down .09 at 9.32.

June Gold Futures closed up 3.40 at 913.00 and May Silver Futures closed up 20 at 12.77.

Grains were mixed with May Wheat Futures closing up 37 ¼ at 9.74 ¼, May Beans closed up 20 cents at 12.77, and May Corn closed down 2 cents at 5.98.

June Live Cattle Futures closed up 0.225 at 89.30 and April Feeder Cattle closed up .95 at 101.20. April Lean Hogs closed up 2.625 at 72.225.

“We cannot hold a torch to light another’s path without brightening our own.”
Author: Ben Sweetland

AS I SEE IT: Jobs were cut by 80,000 last month which were the worst in 5 years. The market rallied in early morning trading in front of the report but fell after the report was announced. When the regular trading session opened the S&P dropped a few points but rallied back near the overnight highs before selling off into the close. On Tuesday the market turned up in the short term and has held those gains.

Traders were buying the dips in the market this week and many think we are in for higher prices. The only thing I don’t like about the market in here is that the rallies have been on very light volume. That is a danger sign for me unless it changes quickly next week.

I HOPE YOU HAD A VERY PROFITABLE TRADING WEEK!

ENJOY YOUR WEEKEND!

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

Futures Trading

2008-04-03T18:55:00.000-05:00

CLOSING MARKET NEWS
April 3, 2008

The Dow closed up 20.20 at 12,626.03 and the Nasdaq closed up 1.90 at 2363.30. Transports closed up 26.63 at 4999.33.

Total volume on the NYSE was below average trading 1.25 billion shares. Up/down volume was 1.44 to 1 positive, Nasdaq up/down volume was 1.59 to 1 positive.

June E-mini S&P Futures closed up 2.50 at 1373.50 and the June Nasdaq 100 Futures closed up 5.00 at 1867.25. June E-mini S&P Futures total volume was below average trading 1.59 million contracts. June 30 Yr. T-Bond Futures are trading up 0-04 at 117-18.

May Oil Futures closed down 1.00 at 103.83 and May Natural Gas Futures closed down .41 at 9.42.

June Gold Futures closed up 9.40 at 909.60 and May Silver Futures closed up .30 at 17.48.

Grains were higher with May Wheat Futures closing up ½ cent at 9.37, May Beans closed up 14 cents at 12.57 and May Corn closed up 4 ¼ at 6.00.

June Live Cattle Futures closed up 1.525 at 89.075 and May Feeder Cattle closed up 1.25 at 100.80. April Lean Hogs closed up 3.00 at 69.60.

“If you have always done it that way, it is probably wrong.”
Author: Charles Kettering

AS I SEE IT: The market sold off early this morning on the Jobless Claims report but when our regular trading session opened it started a rally that took it up on the day. Traders will be paying attention to the Employment Situation at 8:30ET tomorrow.

The market has had two days of consolidation after the strong Tuesday rally. Short term today the market wanted to continue the rally so I’ll want support prices to hold if this rally is going to continue.

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

Futures Trading

2008-04-02T17:52:00.000-05:00

CLOSING MARKET NEWS
April 2, 2008

The Dow closed down 45.12 at 12,609.24 and the Nasdaq closed down 1.50 at 2361.40. Transports closed down 2.59 at 4972.70.

Total volume on the NYSE was below average trading 1.43 billion shares. Up/down volume was 1.32 to 1 positive, Nasdaq up/down volume was 1.14 to 1 negative.

June E-mini S&P Futures closed up .50 at 1371.00 and the June Nasdaq 100 Futures closed up 4.50 at 1862.25. June E-mini S&P Futures total volume was average trading 1.82 million contracts. June 30 Yr. T-Bond Futures are trading down 1-17 at 117-08.

May Oil Futures closed up 3.85 at 104.83 and May Natural Gas Futures closed up 11 at 9.83.

April Gold Futures closed up 12.30 at 895.20 and May Silver Futures closed up .30 at 17.19.

Grains were higher with May Wheat Futures closing up 41 cents at 9.36, May Beans closed up 32 at 12.43, and May Corn closed up 11 ¾ at 5.95 ¾.

April Live Cattle Futures closed down 1.10 at 86.30 and April Feeder Cattle closed down 1.675 at 97.65. April Lean Hogs closed down .40 at 55.60.

“There are a thousand hacking at the branches of evil to one who is striking at the root.”
Author: Henry David Thoreau

AS I SEE IT: The market chopped back and forth today with the Dow closing a little lower and the E-mini S&P closing a half point higher. Tomorrow the Jobless Claims and ISM Non-Mfg Survey should move the market, but the big report will be the Employment Situation report on Friday. Bernanke told Congress’s Joint Economic Committee that a U.
S. recession was possible and that employment and consumer spending will deteriorate. That kept a lid on the market today.

The market was short term overbought today so it churned back and forth relieving some of that condition. Today the market felt heavy so I want to see where the momentum is tomorrow. Bernanke is back on the hill tomorrow so traders will be interested in what he says. I’ll trade using the Soaring Phoenix Market Trading Strategies to profit from market movement.

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

Futures Trading

2008-04-01T18:52:00.000-05:00

CLOSING MARKET NEWS
April 1, 2008

The Dow closed up 391.47 at 12,654.36 and the Nasdaq closed up 83.65 at 2362.75. Transports closed up 191.41 at 4975.29.

Total volume on the NYSE was average trading 1.69 billion shares. Up/down volume was 9.11 to 1 positive, Nasdaq up/down volume was 9.55 to 1 positive.

June E-mini S&P Futures closed up 46.50 at 1370.50 and the June Nasdaq 100 Futures closed up 67.25 at 1857.75. June E-mini S&P Futures total volume was above average trading 2.32 million contracts. June 30 Yr. T-Bond Futures are trading down 1-10 at 117-15.

May Oil Futures closed down .60 at 100.98 and May Natural Gas Futures closed down .38 at 9.72.

April Gold Futures closed down 33.30 at 882.90 and May Silver Futures closed down .42 at 16.89.

Grains were mixed with May Wheat Futures closing down 34 cents at 8.95, May Beans closed up 13 ¾ at 12.11, and May Corn closed up 17 cents at 5.84 ¼.

April Live Cattle Futures closed down 0.025 at 87.40 and April Feeder Cattle closed down 0.175 at 99.125. April Lean Hogs closed down 1.075 at 56.00.

“Trust only movement. Life happens at the level of events, not of words. Trust movement.
Author: Alfred Adler

AS I SEE IT: Overnight markets were strong before our market opened on this first day of the new quarter. Window dressing, Lehman Brothers and UBS raising $19 billion to replenish capital, and a bullish ISM Mfg Index report sent the Bears running for the weeds. The market rallied until mid day, traded sideways for a couple hours and then continued higher into the close.

The market has had three of these big rallies only to fail in a couple days, but I’m going to pay attention to our trading strategies and go with the momentum because I know there are huge short positions that will cover if the rally continues. Do I think the downside is over? NO!

I HOPE YOU HAD A BIG DAY 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

Futures Trading

2008-03-31T19:11:00.000-05:00

CLOSING MARKET NEWS

March 31, 2008

The Dow closed up 46.49 at 12,262.89 and the Nasdaq closed up 17.92 at 2279.10. Transports closed up 29.78 at 4783.88.

Total volume on the NYSE was below average trading 1.55 billion shares. Up/down volume was 2.06 to 1 positive, Nasdaq up/down volume was 2.41 to 1 positive.

June E-mini S&P Futures closed up 5.00 at 1324.00 and the June Nasdaq 100 Futures closed up 10.50 at 1790.50. June E-mini S&P Futures total volume was average trading 1.61 million contracts. June 30 Yr. T-Bond Futures are trading up 0-14 at 118-30.

May Oil Futures closed down 4.04 at 101.58 and May Natural Gas Futures closed up .30 at 10.10.

April Gold Futures closed down 14.00 at 916.60 and May Silver Futures closed down .63 at 17.31.

Grains were mixed with May Wheat Futures closed down the 60 cent LIMIT at 9.29, May Beans closed down the 70 cent LIMIT at 11.97 ¼, and May Corn closed up 6 ¾ cents at 5.67 ¼.

April Live Cattle Futures closed down 0.225 at 87.425 and April Feeder Cattle closed down 1.125 at 99.30. April Lean Hogs closed down 1.00 at 57.05.

“Creativity requires the courage to let go of certainties.”
Author: Erich Fromm

AS I SEE IT: Overnight the market was lower but by the time our regular trading session opened it was back up to Friday’s close. The market sold off a few points on the open but short term support held and it rallied up until mid day. From then on it sold off from the high to close a little higher on the day.

Trading patterns were good early but after mid day they were erratic. Window dressing held the market up so I want to see if it continues tomorrow or if we go right back to lower prices. News and earnings continue to drive the market so I use the Soaring Phoenix Market Trading Strategies to trade the E-mini S&P. The E-mini S&P was only down 3.5
points for the month of March.

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

Futures Trading

2008-03-28T15:54:00.000-05:00

CLOSING MARKET NEWS
March 28, 2008

The Dow closed down 86.06 at 12,216.40 and the Nasdaq closed down 19.65 at 2261.18. Transports closed down 24.56 at 4754.10.

Total volume on the NYSE was below average trading 1.33 billion shares. Up/down volume was 2.90 to 1 negative, Nasdaq up/down volume was 2.71 to 1 negative.

June E-mini S&P Futures closed down 10.75 at 1319.00 and the June Nasdaq 100 Futures closed down 12.00 at 1780.00. June E-mini S&P Futures total volume was below average trading 1.52 million contracts. June 30 Yr. T-Bond Futures are trading up 0-24 at 118-29.

May Oil Futures closed down 1.96 at 105.62 and May Natural Gas Futures closed up .11 at 9.80.

April Gold Futures closed down 18.20 at 930.60 and May Silver Futures closed down 0.610 at 17.94.

Grains were mixed with May Wheat Futures closing down 25 cents at 9.89, May Beans closed down 60 cents at 12.67 ¼, and May Corn closed up 5 cents at 5.60 ½.

April Live Cattle Futures closed down 0.975 at 87.65 and April Feeder Cattle closed down .35 at 100.425. April Lean Hogs closed up 0.125 at 58.10.

“Your ability to learn faster than your competition is your only sustainable competitive advantage.”
Author: Arie De Gues

AS I SEE IT: Overnight the market traded higher, and after our regular session opened it stayed up for about 2 hours before sellers took over again. The market continued to trade lower until the last half hour of trading when there was a small rally into the close. This is the third down day in a row so I want to see how markets look on Monday morning. Window dressing usually rallies the market but so far that has worked in reverse which is not a good sign to me unless the market heals up quickly.

Earnings reports and the Employment Situation on Friday next week will keep this market moving. It should be a good trading week. After all the movement this week the E-mini S&P closed down only 7.25 points for the week.

I HOPE YOU HAD A VERY PROFITABLE TRADING WEEK!

HAVE A GOOD WEEKEND!

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

Futures Trading

2008-03-27T18:36:00.000-05:00

CLOSING MARKET NEWS
March 27, 2008

The Dow closed down 120.16 at 12,302.46 and the Nasdaq closed down 41.61 at 2280.83. Transports closed down 33.67 at 4778.66.

Total volume on the NYSE was below average trading 1.42 billion shares. Up/down volume was 2.88 to 1 negative, Nasdaq up/down volume was 3.66 to 1 negative.

June E-mini S&P Futures closed down 5.75 at 1329.75 and the June Nasdaq 100 Futures closed down 18.25 at 1792.00. June E-mini S&P Futures total volume was average trading 2.02 million contracts. June 30 Yr. T-Bond Futures are trading down 0-28 at 117-30.

May Oil Futures closed up 1.68 at 107.43 and May Natural Gas Futures closed up 0.0020 at 9.69.

April Gold Futures closed down 3.20 at 948.80 and May Silver Futures down 0.133 at 18.25.

Grains were mixed with May Wheat Futures closing down 19 cents at 10.14, May Beans closed down 25 ¾ cents at 13.26 ¼, and May Corn was 3 ¼ cents higher closing at 5.55 ½.

April Live Cattle Futures closed down 1.50 at 88.65 and April Feeder Cattle closed down 1.375 at 100.775. April Lean Hogs closed up 0.725 at 58.15.

“The eye sees only what the mind is prepared to comprehend.”
Author: Henri Bergson

AS I SEE IT: The market opened higher but sold off immediately for an hour. Then it rallied back up to the overnight highs before selling off again. On the way down it jacked back and forth ending the day lower.

This is the window dressing time of the month so I just have to go with the market momentum. Usually the market rallies at this time of the month but news and earnings will move this volatile market.

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

Futures Trading

2008-03-26T16:00:00.000-05:00

CLOSING MARKET NEWS
March 26, 2008

The Dow closed down 109.74 at 12,422.86 and the Nasdaq closed down 16.69 at 2324.36. Transports closed down 88.73 at 4812.33.

Total volume on the NYSE was below average trading 1.42 billion shares. Up/down volume was 2.18 to 1 negative, Nasdaq up/down volume was 2.62 to 1 negative.

June E-mini S&P Futures closed down 16.00 at 1335.50 and the June Nasdaq 100 Futures closed down 15.75 at 1810.25. June E-mini S&P Futures total volume was average trading 1.60 million contracts. June 30 Yr. T-Bond Futures are trading down 0-05 at 118-29.

May Oil Futures closed up 4.80 at 106.02 and May Natural Gas Futures closed up .17 at 9.69.

April Gold Futures closed up 14.00 at 949.40 and May Silver Futures closed up 0.583 at 18.383.

Grains were mixed with May Wheat Futures closing down 334 ¼ cents at 10.33, May Beans closed up 44 ¼ at 13.52, and May Corn closed up 7 ½ cents at 552 ¼.

April Live Cattle Futures closed down 1.00 at 90.15 and April Feeder Cattle closed down .95 at 102.15. April Lean Hogs closed down .65 at 57.25.

“None are so old as those who have outlived enthusiasm.”
Author: Henry David Thoreau

AS I SEE IT: The market lost ground today on a drop in durable goods orders and a worsening outlook for bank profits. By mid-day the market was trading at the low when it turned up sharply on a news item only to sell all the way back down into the close.

We are approaching the window dressing time of the month again so I will expect volatility to continue. The E-mini S&P prices move quickly in this market so traders sure have to be on their toes to trade it, but the volatility gives us a higher percentage of profitable trades.

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

Futures Trading

2008-03-25T16:58:00.000-05:00

CLOSING MARKET NEWS
March 25, 2008

The Dow closed down 16.04 at 12,532.60 and the Nasdaq closed up 14.30 at 2341.05. Transports closed up 40.03 at 4901.06.

Total volume on the NYSE was below average trading 1.47 billion shares. Up/down volume was 1.60 to 1 positive, Nasdaq up/down volume was 1.74 to 1 positive.

June E-mini S&P Futures closed unchanged at 1351.50 and the June Nasdaq 100 Futures closed up 6.75 at 1826.00. June E-mini S&P Futures total volume was average trading 1.72 million contracts. June 30 Yr. T-Bond Futures are trading up 0-04 at 118-29.

May Oil Futures closed up .36 at 101.22 and May Natural Gas Futures closed up .09 at 9.51.

April Gold Futures closed up 15.50 at 934.20 and May Silver Futures closed up .70 at 17.81.

Grains were mixed with May Wheat Futures closing up 47 ½ cents at 10.67 ½, May Beans closed LIMIT UP 50 cents at 13.07, and May Corn closed LIMIT UP 20 cents at 544 ¾.

April Live Cattle Futures closed up 0.725 at 91.15 and April Feeder Cattle closed down 0.075 at 103.20. April Lean Hogs closed up 1.50 at 57.90.

“The world is moving so fast these days that the one who says it can’t be done is generally interrupted by someone doing it.”
Author: Harry Emerson Fosdick

AS I SEE IT: The market rallied early but sold off when the Consumer Confidence report came out at 10:00ET. After the first hour’s trading the market started to rally in a very choppy fashion. It traded back and forth and sold off a little on the close.

This is the third day the E-mini S&P has held its gains. It had a inside trading range today. Tomorrow the Durable Goods Orders and the New Home Sales reports should set the market trend early.

I HOPE YOU MADE MONEY TODAY!
It was a difficult trading day for me and I lost money!

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