Friday, August 20, 2010

Emini Futures Trading / Daily Recap Aug 20, 2010

(QQQQ)(DIA)(SPY)(GLD)
 
Friday August 20, 2010
U.S. stock index futures tumbled on Friday, following global markets lower as weaker than expected economic data released Thursday reinforced fears of a stalled recovery.
 
The S&P 500 benchmark index closed below its 50-day moving average on Thursday and fell today 3.94, or 0.4 percent, to 1,071.69. The Dow fell 57.59, or 0.6 percent, to 10,213.62, while the Nasdaq composite index rose 0.81, or 0.04 percent, to 2,179.76. About three stocks fell for every two that rose on the New York Stock Exchange, where volume came to 1.1 billion shares.
 
S&P 500 Futures opened this morning at 1070.25 trading in a narrow lackluster range to settle the day at 1071.00, on volume of 1.8m contracts.

Dow Futures opened at 10224 putting in an early high at 10228. Low of the day was 10127, on volume of 121k contracts. Settlement price was 10,202.

November Soybeans opened the day session at 1013 / High 1015 / Low 1000/ Close 1003 on 50k contracts down .89%.

Crude Futures declined to a six-week low Friday as worries deepened about the global recovery. Crude for September delivery, the front-month contract that expires today, lost 97 cents, or 1.3%, to $73.46 a barrel on the New York Mercantile Exchange.

Gold Futures dropped Friday under pressure from a stronger dollar, but the metal remains near its seven-week high. The most actively traded gold contract, for December delivery, fell $6.60, or 0.5%, to settle at $1,228.80 an ounce on the Comex division of the New York Mercantile Exchange. 



“May the words of my mouth and the meditation of my heart be pleasing to you, O LORD, my rock and my redeemer.”
Psalms 19:14

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