NASDAQ Futures Hit New High
Ignoring the threat of an October market crash, NASDAQ 100 futures [NDZ9>NDZ9] shadowed the NASDAQ composite index to close at a new record, making good on its Momentum-5 List signal. The December contract finished up 31.25 at 2611.75.
Other stock index contracts finished narrowly mixed: Dow futures [DJZ9>DJZ9] fell 11.0 to 10,715.0 and S&Ps [SPZ9>SPZ9] gained 1.00 to 1347.50.
Interest rate and currency futures were closed in observance of Columbus Day.
December dollar index futures [DXZ9>DXZ9] closed .34 lower at 98.44.
A forecast of higher global demand by the International Energy Agency snapped a five-day losing streak for oil and gasoline contracts. November crude [CLX9>CLX9] nonetheless, had a volatile day, gapping open then selling off to a new one-month low before ending .37 higher at 21.27. Unleaded gas [HUX9>HUX9] and heating oil [HOX9>HOX9] followed the same pattern, ending .0111 and .0116 higher, respectively. Natural gas [NGX9>NGX9] also saw a big day, finishing .133 higher at 2.825.
Copper [HGZ9>HGZ9] tumbled for a fourth consecutive day to a five-week low of 75.90, for a loss of .85. December gold [GCZ9>GCZ9] traded in its narrowest range in 13 days, shedding 1.4 to 320.3. December silver [SIZ9>SIZ9] also fell 1.8 to 553.2.
The grains moved mostly higher in narrow trade. December corn [CZ9>CZ9] fell a fraction, November soybeans [SX9>SX9] gained 1 3/4 and wheat [WZ9>WZ9] finished 1 3/4 lower at 253 1/2.
February pork bellies [PBG0>PBG0] set the tone for a negative day in the meats by falling 1.825 to 62.025. Other livestock contracts declined slightly.
Coffee [KCZ9>KCZ9] followed up on Friday’s momentum, adding another 5.85 to close at 90.95 and lead an otherwise quite day in softs and fibers