August 26, 2010
The Dow Jones Industrial Average (DJIA – 9,985.81) ended the session down 74.3 points, or 0.7%, with only 2 blue chips closing green. The Dow which closed below 10,000 for the first time since July 6, is currently down 2.2% on the week. The S&P 500 Index (SPX – 1,047.22) lost 8.1 points, or 0.8%, taking out support at 1,050 for the first time since July 6. The Nasdaq Composite (COMP – 2,118.69) dropped 22.9 points, or 1.1%.
S&P 500 Futures gapped higher this morning to open at 1058.75. After putting in an early high at 1060.25 the session faded to close just off the lows at 1044.75 on 1.9m contracts. Down 9.75 -.92%
Dow Futures also gapped higher to open at 10077 before rallying to an intra-day high of 10086. Settlement was 9964 on 146k contracts. Down 83 -.83%
Gold Futures for December delivery lost $3.60, or 0.3%, to $1,237.70 an ounce on the Comex division of the New York Mercantile Exchange. Silver lost 0.2%, settling at $18.98 an ounce.
Crude Futures for October delivery settled up 84 cents, or 1.2%, at $73.36 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled $1.54, or 2.1%, higher at $75.02 a barrel.
Weekly Trading Zones / Daily Review
|S&P 500 Emini Futures|
|Dow Emini Futures / YM|
|Euro FX 6E|