T-bonds Hit Lows, Index Hit Highs On Last Day Of The Millennium
On the last day of the millennium where futures markets were either closed or trading in shortened sessions, T-bonds [USH0>USH0] set a new contract low and settled down 16/32 at 90 29/32. The March contract indicated direction by registering on both the Momentum-5 and Pullback Off Lows list.
Stock index futures ended the year with a bang with the NASDAQ 100 futures [NDH0>NDH0] and the S&P futures [SPH0>SPH0] closing at all-time contract highs. Nasdaq 100 futures added another 19.70 to close at 3754.20 and the S&Ps edged up 3.40 to 1484.20. Dow futures [DJH0>DJH0] also moved up, gaining 62 to 11,625.
March dollar index futures [DXH0>DXH0], fell into negative territory in the final minutes of New York trading as countries in Australasia and Asia experienced no major Y2K calendar change glitches and traders who had used dollars as a hedge against overseas problems, covered long positions. March closed down .11 at 101.35. The Japanese yen [JYH0>JYH0] gained .0028 to .9892 and Swiss francs [SFH0>SFH0] rose .0020 to .6345.