Wednesday, August 25, 2010

Emini Futures Trading / Daily Recap Aug 25, 2010


August 25, 2010  

Stocks recovered from a poor open to end higher on bargain hunting. The Dow gained 20 points today, its first gain in five days after having been down as much as 102 points in early going. The market opened lower following weak numbers on new home sales and durable goods orders. Buying interest increased in the afternoon bringing the Dow back up above 10,000. The Standard & Poor's 500 index rose 3.46, or 0.3 percent, to 1,055.33. The Nasdaq composite index rose 17.78, or 0.8 percent, to 2,141.54.

S&P 500 Futures gapped down on the open this morning to 1044. After putting in an early low at 1037 the session clawed its way up to an intra-day high of 1057.75 to close at 1055.25 on 2.4m contracts. Up 5.5 +.52%

Dow Futures also gapped lower to open at 997 before rallying to an intra-day high of 10078. Settlement was 10051 on 146k contracts. Up 28 +.28% 

Gold Futures for December delivery GCZ0 settled up $7.90 at $1,241.30 an ounce on the COMEX division of the NYMEX. 

Crude Futures for October delivery were up 64 cents at $72.28 a barrel at 1:58 p.m. EDT after earlier falling as low as $70.76, the lowest price since early June.

Weekly Trading Zones / Daily Review

S&P 500 Emini Futures / ES

Dow Emini Futures / YM

Euro FX / 6E

Pray Hard & Trade Safe!

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