Daily Market Commentary for April 21, 2008 from Millennium-Traders.Com
Our not-so-friendly Crude Oil closed at a new record high over $117 a barrel today which results, as we all know, of pain staking increases at the gas pump. The weak dollar only results in rising prices for Crude Oil which in all reality is bunk. There is simply no realistic reason for Crude Oil to be this high. (read more)
At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:
DOW (Dow Jones Industrial Average) loss of 24.34 points on the day to end the session at 12,825.02
NYSE (New York Stock Exchange) gain of 2.05 points to end the session at 9,312.29
NASDAQ gain of 5.07 points for a close at 2,408.04
S&P 500 loss of 2.16 points for a close at 1,388.17
FTSE All-World ex-U.S. gain of 1.55 points to close at 251.03
FTSE RAFI 1000 loss of 21.81 points to close at 5,584.37
BEL 20 loss of 43.29 points on the day to end the session at 3,890.09
CAC 40 loss of 51.34 points on the day to end the session at 4,910.35
FTSE100 loss of 3.5 points on the day to end the session at 6,053.00
NIKKEI 225 gain of 220.1 points on the day to end the session at 13,696.60
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,349; declined stocks 1,814; unchanged stocks 84; stocks hitting new highs 111; stocks hitting new lows 28. Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today: Arch Coal Incorporated (NYSE: ACI) gained 3.81 points on the trading day, high on the trading day $62.99, low on the trading day $59.72, for a closing price at $62.18; National City Corporation (NYSE: NCC) shed 2.30 points on the trading day, high on the trading day $7.10, low on the trading day $5.91, for a closing price at $6.03; Apache Corporation (NYSE: APA) shed 1.36 points on the trading day, high on the trading day $143.67, low on the trading day $139.74, for a closing price at $141.15; CME Group, Incorporated (NYSE: CME) gained 19.77 points on the trading day, high on the trading day $524.88, low on the trading day $501.01, for a closing price at $523.50; Hess Corporation (NYSE: HES) gained 7.31 points on the trading day, high on the trading day $113.07, low on the trading day $105.40, for a closing price at $112.56; PetroChina Company Limited (NYSE: PTR) gained 8.88 points on the trading day, high on the trading day $136.64, low on the trading day $128.00, for a closing price at $135.03; Potash Corporation of Saskatchewan, Incorporated (NYSE: POT) gained 4.12 points on the trading day, high on the trading day $209.95, low on the trading day $203.91, for a closing price at $208.79; Mastercard Incorporated (NYSE: MA) gained 2.29 points on the trading day, high on the trading day $238.44, low on the trading day $231.02, for a closing price at $236.00; Cleveland-Cliffs Incorporated (CLF) shed 2.41 points on the trading day, high on the trading day $164.7344 low on the trading day $159.52, for a closing price at $160.90.
News on the NASDAQ today: advanced stocks 1,263; declined stocks 1,677; unchanged stocks 135; stocks hitting new highs 39; stocks hitting new lows 75. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: MedCath Corporation (NasdaqGS: MDTH) shed 3.58 points on the trading day, high on the trading day $20.00, low on the trading day $16.09, for a closing price at $19.44; Apple Incorporated (NasdaqGS: AAPL) gained 7.12 points on the trading day, high on the trading day $168.50, low on the trading day $161.76, for a closing price at $168.16; Baidu.com, Incorporated (NasdaqGS: BIDU) gained 16.51 points on the trading day, high on the trading day $359.44, low on the trading day $338.20, closing price $357.51; Google Incorporated (NasdaqGS: GOOG) shed 1.62 points on the trading day, high on the trading day $542.59, low on the trading day $530.29, closing price $537.79.
News on the American Stock Exchange (AMEX) today: advanced stocks 538; declined stocks 655; unchanged stocks 89; stocks hitting new highs 32; stocks hitting new lows 26.
Commodities Markets
Energy Sector:
Light Crude (NYM) gained $0.79 on the day to close at $117.48 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.02 on the day to close at $3.28 a gallon ($US per gal.); Natural Gas (NYM) gained $0.17 on the day to close at $10.87 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.01 on the day to close at $2.98 a gallon ($US per gal.).
Metals Markets:
Gold (CMX) gained $2.40 to close at $917.60 ($US per Troy oz.); Silver (CMX) shed $0.46 to close at $17.36 ($US per Troy oz.); Platinum (NYM) shed $44.00 to close at $2,027.30 ($US per Troy oz.) and Copper (CMX) shed $0.03 to close at $3.87 ($US per lb.).
Livestock and Meat Markets (cents per lb.):
Lean Hogs (CME) shed 1.38 to close at 72.98; Pork Bellies (CME) shed 2.45 to close at 75.50; Live Cattle (CME) shed 0.38 to close at 91.95; Feeder Cattle (CME) gained 0.58 to close at 109.10.
Other Commodities (cents per bu.):
Corn (CBT) shed 19.25 to close the session at 593.75 and Soybeans (CBT) shed 46.50 to close the session at 1,330.50.
Bonds were higher across the board today:
2 year bond shed 2/32 at 99 6/32 with a Yield of 2., Yield Change +0.04; 5 year bond shed 4/32 to close at 98 1/32 with a Yield of 2.93, Yield Change +0.04; 10 year bond shed 1/32 to close at 98 7/32 with a Yield of 3.71, Yield Change 0.00; the 30 year bond gained 13/32 to close at 98 9/32 on the day with a Yield of 4.47, Yield Change 0.03.
The e-mini Dow $5 ended the commodity session today at 12,838 with a gain of 28 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.
The end of day results for the CBOT (Chicago Board of Trade) which is comprised of the total Exchange Volume for Futures and Options (EVFO) including Electronic, Open Auction, Cash Exchange, Wholesale and Cleared Only ended the day at 3,796,185; Open Interest for Futures gained 73,684 points to close at 9,599,805; the Open Interest for Options gained 130,283 points to close at 9,469,248 and the Cleared Only gained 428 points to close at 30,588 for a total Open Interest on the day of 19,099,641 for a total Change on the day with a gain of 204,395 points.
Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.
Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
Our not-so-friendly Crude Oil closed at a new record high over $117 a barrel today which results, as we all know, of pain staking increases at the gas pump. The weak dollar only results in rising prices for Crude Oil which in all reality is bunk. There is simply no realistic reason for Crude Oil to be this high. (read more)
At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets:
DOW (Dow Jones Industrial Average) loss of 24.34 points on the day to end the session at 12,825.02
NYSE (New York Stock Exchange) gain of 2.05 points to end the session at 9,312.29
NASDAQ gain of 5.07 points for a close at 2,408.04
S&P 500 loss of 2.16 points for a close at 1,388.17
FTSE All-World ex-U.S. gain of 1.55 points to close at 251.03
FTSE RAFI 1000 loss of 21.81 points to close at 5,584.37
BEL 20 loss of 43.29 points on the day to end the session at 3,890.09
CAC 40 loss of 51.34 points on the day to end the session at 4,910.35
FTSE100 loss of 3.5 points on the day to end the session at 6,053.00
NIKKEI 225 gain of 220.1 points on the day to end the session at 13,696.60
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,349; declined stocks 1,814; unchanged stocks 84; stocks hitting new highs 111; stocks hitting new lows 28. Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today: Arch Coal Incorporated (NYSE: ACI) gained 3.81 points on the trading day, high on the trading day $62.99, low on the trading day $59.72, for a closing price at $62.18; National City Corporation (NYSE: NCC) shed 2.30 points on the trading day, high on the trading day $7.10, low on the trading day $5.91, for a closing price at $6.03; Apache Corporation (NYSE: APA) shed 1.36 points on the trading day, high on the trading day $143.67, low on the trading day $139.74, for a closing price at $141.15; CME Group, Incorporated (NYSE: CME) gained 19.77 points on the trading day, high on the trading day $524.88, low on the trading day $501.01, for a closing price at $523.50; Hess Corporation (NYSE: HES) gained 7.31 points on the trading day, high on the trading day $113.07, low on the trading day $105.40, for a closing price at $112.56; PetroChina Company Limited (NYSE: PTR) gained 8.88 points on the trading day, high on the trading day $136.64, low on the trading day $128.00, for a closing price at $135.03; Potash Corporation of Saskatchewan, Incorporated (NYSE: POT) gained 4.12 points on the trading day, high on the trading day $209.95, low on the trading day $203.91, for a closing price at $208.79; Mastercard Incorporated (NYSE: MA) gained 2.29 points on the trading day, high on the trading day $238.44, low on the trading day $231.02, for a closing price at $236.00; Cleveland-Cliffs Incorporated (CLF) shed 2.41 points on the trading day, high on the trading day $164.7344 low on the trading day $159.52, for a closing price at $160.90.
News on the NASDAQ today: advanced stocks 1,263; declined stocks 1,677; unchanged stocks 135; stocks hitting new highs 39; stocks hitting new lows 75. Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today: MedCath Corporation (NasdaqGS: MDTH) shed 3.58 points on the trading day, high on the trading day $20.00, low on the trading day $16.09, for a closing price at $19.44; Apple Incorporated (NasdaqGS: AAPL) gained 7.12 points on the trading day, high on the trading day $168.50, low on the trading day $161.76, for a closing price at $168.16; Baidu.com, Incorporated (NasdaqGS: BIDU) gained 16.51 points on the trading day, high on the trading day $359.44, low on the trading day $338.20, closing price $357.51; Google Incorporated (NasdaqGS: GOOG) shed 1.62 points on the trading day, high on the trading day $542.59, low on the trading day $530.29, closing price $537.79.
News on the American Stock Exchange (AMEX) today: advanced stocks 538; declined stocks 655; unchanged stocks 89; stocks hitting new highs 32; stocks hitting new lows 26.
Commodities Markets
Energy Sector:
Light Crude (NYM) gained $0.79 on the day to close at $117.48 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.02 on the day to close at $3.28 a gallon ($US per gal.); Natural Gas (NYM) gained $0.17 on the day to close at $10.87 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) shed $0.01 on the day to close at $2.98 a gallon ($US per gal.).
Metals Markets:
Gold (CMX) gained $2.40 to close at $917.60 ($US per Troy oz.); Silver (CMX) shed $0.46 to close at $17.36 ($US per Troy oz.); Platinum (NYM) shed $44.00 to close at $2,027.30 ($US per Troy oz.) and Copper (CMX) shed $0.03 to close at $3.87 ($US per lb.).
Livestock and Meat Markets (cents per lb.):
Lean Hogs (CME) shed 1.38 to close at 72.98; Pork Bellies (CME) shed 2.45 to close at 75.50; Live Cattle (CME) shed 0.38 to close at 91.95; Feeder Cattle (CME) gained 0.58 to close at 109.10.
Other Commodities (cents per bu.):
Corn (CBT) shed 19.25 to close the session at 593.75 and Soybeans (CBT) shed 46.50 to close the session at 1,330.50.
Bonds were higher across the board today:
2 year bond shed 2/32 at 99 6/32 with a Yield of 2., Yield Change +0.04; 5 year bond shed 4/32 to close at 98 1/32 with a Yield of 2.93, Yield Change +0.04; 10 year bond shed 1/32 to close at 98 7/32 with a Yield of 3.71, Yield Change 0.00; the 30 year bond gained 13/32 to close at 98 9/32 on the day with a Yield of 4.47, Yield Change 0.03.
The e-mini Dow $5 ended the commodity session today at 12,838 with a gain of 28 points on the trading session. Futures Traders should review workshops available at the CBOT (Chicago Board of Trade). Educational in-person seminars schedules available on the CBOT (Chicago Board of Trade) website.
The end of day results for the CBOT (Chicago Board of Trade) which is comprised of the total Exchange Volume for Futures and Options (EVFO) including Electronic, Open Auction, Cash Exchange, Wholesale and Cleared Only ended the day at 3,796,185; Open Interest for Futures gained 73,684 points to close at 9,599,805; the Open Interest for Options gained 130,283 points to close at 9,469,248 and the Cleared Only gained 428 points to close at 30,588 for a total Open Interest on the day of 19,099,641 for a total Change on the day with a gain of 204,395 points.
Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.
Subscribe to our free Weekly MarketNews for a review of the past weeks trading action plus, view upcoming economic data for the week ahead.
Review archives of the News & Commentary plus, our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
