Thursday, August 19, 2010

Emini Futures Trading / Daily Recap Aug 19, 2010

Thursday August 19, 2010 
Unemployment claims rose to 500k as we suggested last Friday. Combined with disappointing  numbers from  the Philly Fed the Dow (DJI) fell 144.33 points to close at 10,271.21. The S&P 500 (SPX) lost 18.53 points to 1,075.63 with the Nasdaq (COMP) down 36.75 points to 2,178.95.
S&P 500 Futures popped on the open this morning to 1089.50 before rolling over, dropping all the way down to 1068.50. Settlement price was 1070.75 down 1.4% on increased volume of 2.4m contracts.

Dow Futures opened at 10350 putting in an early high at 10373. Low of the day was 10196, on increased volume of 149k contracts, down 1.14% on the session. Settlement price was 10,234.

November Soybeans in overnight electronic trading traded 4 1/4 cents higher at $10.35 per bushel.Open 1031 / High 1039 / Low 1006/ Close 1012 on 78k contracts.

Crude Futures fell for a second straight session on Thursday as weak U.S.economic data fueled concerns about demand in a stagnant economic recovery. On the New York Mercantile Exchange, September crude CLU0 fell 99 cents, or 1.31 percent, to settle at $74.43 a barrel, trading from $73.96 to $76.10.

Gold Futures closed higher on Thursday, hitting a seven-week high. Gold for December delivery up $4, or 0.3%, to $1,235.40 an ounce on the Comex division of the New York Mercantile Exchange. Prices hit an intraday high of $1,239.50 an ounce, but came off the highs as the dollar strengthened. 

 God's Love
“And I am convinced that nothing can ever separate us from God’s love. Neither death nor life, neither angels nor demons, neither our fears for today nor our worries about tomorrow—not even the powers of hell can separate us from God’s love. No power in the sky above or in the earth below—indeed, nothing in all creation will ever be able to separate us from the love of God that is revealed in Christ Jesus our Lord.”
Romans 8:38-39

Friday Live Chart Link - Click Here
(p/w - blessings)

Weekly Trading Zones / Daily Review

S&P 500 Emini Futures

Dow Emini Futures

November Soybeans

Pray Hard & Trade Safe!

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