How To Read the Stock Market

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Daily Market Commentary for May 12, 2009

Its always been difficult to figure out how to read the stock market as you never know from one day to the next, what the market is going to bring you as a trader. (read more at Millennium-Traders.Com)

Economic data released today:

ICSC-Goldman Store Sales:
U.S. ICSC/Goldman Sachs Chain Store Sales rose 0.5% on the year; U.S. ICSC/Goldman Sachs Chain Store Sales rose 0.3% for week of May 9.
International Trade:
U.S. March Trade Deficit came in at $27.58B compared to consensus of Deficit $29.7B; U.S. February Trade Balance revised to Deficit of $26.13B from Deficit $25.97B; U.S. March Exports $123.62B fell 2.4%; U.S. March Imports $151.20B fell 1.0%.

Redbook:
U.S. Retail Sales for week ending May 9 rose 0.3% versus a year ago; U.S. Retail Sales for first week of May rose 0.3% versus May a year ago: U.S. Retail Sales for first week of May rose 0.1% versus April.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain 50.34 points, EOD 8,469.11
NYSE (New York Stock Exchange) gain 9.84 points, EOD 5,859.14
National Association of Securities Dealers Automated Quotations (NASDAQ) loss 15.32 points, EOD 1,715.92
S&P 500 (SPX) loss 0.89 points, EOD 908.35
BEL 20 (BEL20) loss 36.23 points, EOD 2,049.45
CAC 40 (CAC40) loss 17.57 points, EOD 3,231.10
FTSE100 (UKX100) loss 9.96 points, EOD 4,425.54
NIKKEI 225 (NIK/O) triple digit loss 153.37 points, EOD 9,298.61

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,102, declined stock prices 1,560, unchanged stock prices 509, stock prices hitting new highs 1 and stock prices hitting new lows 15. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: RTP: shed15.23 points, HOD $179.16, LOD $161.27, EOD $166.20; NKE: shed 2.19 points, HOD $52.85, LOD $50.24, EOD $50.95; GS: shed 0.37 points, HOD $138.40, LOD $132.21, EOD $135.41; SLG: gain 1.38 points, HOD $23.60, LOD $21.81, EOD $23.40; SKF: gain 1.62 points, HOD $46.94, LOD $41.85, EOD $44.48; NFP: shed 2.27 points, HOD $7.70, LOD $5.50, EOD $5.91; CME: gain 16.95 points, HOD $262.45, LOD $242, EOD $258.48; POT: gain 5.91 points, HOD $102.78, LOD $96.31, EOD $100.87.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,009, declined stock prices 1,794 unchanged stock prices 104, stock prices hitting new highs 27 and stock prices hitting new lows 8. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: STEC: gain 3.21 points, HOD $14.04, LOD $13, EOD $13.60; CTRP: gain 4.79 points, HOD $43.51, LOD $37.43, EOD $37.60; FSLR: shed 2.73 points, HOD $197.25, LOD $188.78, EOD $190.90.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 278, declined stock prices 234, unchanged stock prices 85, stock prices hitting new highs 8 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 907.25; Change -1.75
E-mini NASDAQ-100 (NQ) June 09: EOD 1,385.50; Change -11.25
E-mini DOW $5 (YM) June 09: EOD 8,432; Change 28
E-mini S&P MidCap 400 (MF) June 09: EOD 567.20; Change 0
Nikkei 225 (Yen) June 09; EOD 9,330; Change 0

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7333 to U.S. Dollars 1.3637
Japanese Yen 96.48 to U.S. Dollars 0.0104
British Pound 0.6552 to U.S. Dollars 1.5262
Canadian Dollar 1.1624 to U.S. Dollars 0.8603
Swiss Franc 1.1062 to U.S. Dollars 0.904

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (June 09) gain $0.35, EOD $58.75 per barrel ($US per barrel)
Heating Oil (June 09) gain $0.01, EOD $1.51 a gallon ($US per gallon)
Natural Gas (June 09) gain $0.15, EOD $4.49 per million BTU ($US per mmbtu.)
Unleaded Gas (May 09) shed $0.01, EOD $1.67 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) gain $10.40, EOD $923.90 ($US per Troy ounce)
Silver (July 09) gain $0.31, EOD $14.22 ($US per Troy ounce)
Platinum (July 09) gain $11.40, EOD $1,132.10 ($US per Troy ounce)
Copper (July 09) no change, EOD $2.09 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) gain 1.15, EOD 68.93
Pork Bellies (July 09) shed 0.50 EOD 78.55
Live Cattle (June 09) shed 0.33, EOD 83.55
Feeder Cattle (August 09) shed 0.15, EOD 101.45

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) gain 6.25, EOD 427.50
Soybeans (July 09) gain 1.50, EOD 1,117.50

BOND MARKET:
2 year EOD 99 30/32, change 0, Yield 0.89, Yield change -0.08
5 year EOD 99 11/32, change 2/32, Yield 2.01, Yield change -0.01
10 year EOD 99 18/32, change 0, Yield 3.17, Yield change 0
30 year EOD 101 16/32, change 13/32, Yield 4.16, change -0.02

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