Daily Market Commentary for February 12, 2009 from Millennium-Traders.Com
Trading activity increased during the final half hour of trading with the DOW coming back off a triple digit loss. (read more)
Economic data released today:
Retail Sales:
U. S. January Retail & Food Sales rose 1.0% compared to consensus of a drop by 0.8%; U. S. January Retail & Food Sales Excluding-Autos rose 0.9%; U. S. December Retail & Food Sales Revised to a decrease by 3.0% from a drop by 2.7%.
Jobless Claims:
U. S. Jobless Claims for week of February 7 fell by 8K to 623K compared to survey of a drop by 8K; U. S. January 31 Week Continuing Claims rose 11K to 4,810,000; U. S. January 31 Week Jobless Claims Revised to 631K from 626K; U. S. Continuing Jobless Claims at Record High.
Business Inventories:
U. S. December Business Inventories fell 1.3% compared to expectations of a drop by 1.0%.
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) loss of 6.77 points to end the trading session at 7,932.76
NYSE (New York Stock Exchange) gain of 3.67 points to end the trading session at 5,256.35
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 11.21 points to end the trading session at 1,541.71
S&P 500 (SPX) gain of 1.45 points to end the trading session at 835.19
BEL 20 (BEL20) loss of 41.02 points to end the trading session at 1,843.00
CAC 40 (CAC40) loss of 63.38 points to end the trading session at 2,964.34
FTSE100 (UKX100) loss of 32.02 points to end the trading session at 4,202.24
NIKKEI 225 (NIK/O) closed Feb 11 - loss of 23.09 points at the end the trading session at 7,945.94
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,384, declined stock prices 1,668, unchanged stock prices 118, stock prices hitting new highs 4 and stock prices hitting new lows 120. 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: Devon Energy Corporation (NYSE: DVN) stock price shed 0.86 points on the trading session, high on the trading session $52.08, low on the trading session $50.15, with a closing stock price at $51.77; Rio Tinto (NYSE: RTP) stock price shed 0.91 points on the trading session, high on the trading session $112.30, low on the trading session $102.18, with a closing stock price at $111.89; New Oriental Education & Technical (NYSE: EDU) stock price shed 12.37 points on the trading session, high on the trading session $43.33, low on the trading session $38.04 with a closing stock price at $40.76; Terex Corporation (NYSE: TEX) stock price shed 4.17 points on the trading session, high on the trading session $10.80, low on the trading session $8.65, with a closing stock price at $9.45; ITT Educational Services Incorporated (NYSE: ESI) stock price shed 5.94 points on the trading session, high on the trading session $124.32, low on the trading session $114.40, with a closing stock price at $123.06; ProShares Ultrashort Financials (NYSE: SKF) stock price gained 1.65 points on the trading session, high on the trading session $150.38, low on the trading session $134.40, with a closing stock price at $135.14; ProShares Ultrashort S&P500 (NYSE: SDS) stock price shed 0.11 points on the trading session, high on the trading session $83.40, low on the trading session $78.17, with a closing stock price at $78.41; MasterCard Incorporated (NYSE: MA) stock price shed 2.18 points on the trading session, high on the trading session $162.15, low on the trading session $155.15, with a closing stock price at $161.80; Direxion Financial Bear 3X (NYSE: FAZ) stock price gained 1.09 points on the trading session, high on the trading session $51.44, low on the trading session $44.24, with a closing stock price at $44.64; CME Group Incorporated (NYSE: CME) stock price gained 7.62 points on the trading session, high on the trading session $194.33, low on the trading session $181.27, with a closing stock price at $192.90.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,369, declined stock prices 1,333, unchanged stock prices 171, stock prices hitting new highs 8 and stock prices hitting new lows 138. 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: Strayer Education Incorporated (NasdaqGS: STRA) stock price shed 39.22 points on the trading session, high on the trading session $195.99, low on the trading session $179.01, with a closing stock price at $186.65; Asia Holdings Incorporated (NasdaqGS: ASIA) stock price gained 2.46 points on the trading session, high on the trading session $12.77, low on the trading session $11.00, with a closing stock price at $12.74; Buffalo Wild Wings Incorporated (NasdaqGS: BWLD) stock price gained 7.00 points on the trading session, high on the trading session $29.56, low on the trading session $27.11, with a closing stock price at $28.91; Apollo Group Incorporated (NasdaqGS: APOL) stock price shed 0.10 points on the trading session, high on the trading session $82.96, low on the trading session $76.35, with a closing stock price at $82.26; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 1.36 points on the trading session, high on the trading session $146.37, low on the trading session $139.78, with a closing stock price at $145.50.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 218, declined stock prices 327, unchanged stock prices 67, stock prices hitting new highs 6 and stock prices hitting new lows 14.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 09: End of trading session price 83250; Change for the trading session -0.25
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,240.25; Change for the trading session 17.00
E-mini DOW $5 (YM) Mar 09: End of trading session price 7,903; Change for the trading session 7
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 509.20; Change for the trading session 4.90
E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 7,760; Change for the trading session -25
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7781 to U.S. Dollars 1.2851
Japanese Yen 90.9500 to U.S. Dollars 0.0110
British Pound 0.7018 to U.S. Dollars 1.4249
Canadian Dollar 1.2439 to U.S. Dollars 0.8039
Swiss Franc 1.1637 to U.S. Dollars 0.8593
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 09) shed $1.96 on the trading session for a closing price of $33.98 per barrel ($US per barrel)
Heating Oil (March 09) gained $0.01 on the trading session for a closing price of $1.33 a gallon ($US per gallon)
Natural Gas (March 09) shed $0.05 on the trading session for a closing price of $4.48 per million BTU ($US per mmbtu.)
Unleaded Gas (March 09) gained $0.01 on the trading session for a closing price of $1.28 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 09) gained $4.70 on the trading session for a closing price of $949.20 ($US per Troy ounce)
Silver (March 09) shed $0.01 on the trading session for a closing price of $13.51 ($US per Troy ounce)
Platinum (April 09) shed $2.80 on the trading session for a closing price of $1,078.00 ($US per Troy ounce)
Copper (March 09) shed $0.01 on the trading session for a closing price of $1.53 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 09) gained 1.53 on the trading session for a closing price of 63.80
Pork Bellies (March 09) gained 1.13 on the trading session for a closing price of 82.10
Live Cattle (April 09) shed 0.10 on the trading session for a closing price of 87.55
Feeder Cattle (March 09) shed 0.25 on the trading session for a closing price of 95.15
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) shed 2.25 on the trading session for a closing price of 366.25
Soybeans (March 09) shed 9.50 on the trading session for a closing price of 968.50
BOND MARKET:
2 year Bond Closing price 99 30/32, change 0, Yield 0.89, Yield change 0.00
5 year Bond closing price of 99 31/32, change 0, Yield 1.75, Yield change 0.00
10 year Bond closing price 99 24/32, change 11/32, Yield 2.78, Yield change -0.01
30 year Bond closing price 117 30/32, change -1 13/32, Yield 3.44, Yield change 0.07
Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.
Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.
Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
Trading activity increased during the final half hour of trading with the DOW coming back off a triple digit loss. (read more)
Economic data released today:
Retail Sales:
U. S. January Retail & Food Sales rose 1.0% compared to consensus of a drop by 0.8%; U. S. January Retail & Food Sales Excluding-Autos rose 0.9%; U. S. December Retail & Food Sales Revised to a decrease by 3.0% from a drop by 2.7%.
Jobless Claims:
U. S. Jobless Claims for week of February 7 fell by 8K to 623K compared to survey of a drop by 8K; U. S. January 31 Week Continuing Claims rose 11K to 4,810,000; U. S. January 31 Week Jobless Claims Revised to 631K from 626K; U. S. Continuing Jobless Claims at Record High.
Business Inventories:
U. S. December Business Inventories fell 1.3% compared to expectations of a drop by 1.0%.
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) loss of 6.77 points to end the trading session at 7,932.76
NYSE (New York Stock Exchange) gain of 3.67 points to end the trading session at 5,256.35
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 11.21 points to end the trading session at 1,541.71
S&P 500 (SPX) gain of 1.45 points to end the trading session at 835.19
BEL 20 (BEL20) loss of 41.02 points to end the trading session at 1,843.00
CAC 40 (CAC40) loss of 63.38 points to end the trading session at 2,964.34
FTSE100 (UKX100) loss of 32.02 points to end the trading session at 4,202.24
NIKKEI 225 (NIK/O) closed Feb 11 - loss of 23.09 points at the end the trading session at 7,945.94
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,384, declined stock prices 1,668, unchanged stock prices 118, stock prices hitting new highs 4 and stock prices hitting new lows 120. 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: Devon Energy Corporation (NYSE: DVN) stock price shed 0.86 points on the trading session, high on the trading session $52.08, low on the trading session $50.15, with a closing stock price at $51.77; Rio Tinto (NYSE: RTP) stock price shed 0.91 points on the trading session, high on the trading session $112.30, low on the trading session $102.18, with a closing stock price at $111.89; New Oriental Education & Technical (NYSE: EDU) stock price shed 12.37 points on the trading session, high on the trading session $43.33, low on the trading session $38.04 with a closing stock price at $40.76; Terex Corporation (NYSE: TEX) stock price shed 4.17 points on the trading session, high on the trading session $10.80, low on the trading session $8.65, with a closing stock price at $9.45; ITT Educational Services Incorporated (NYSE: ESI) stock price shed 5.94 points on the trading session, high on the trading session $124.32, low on the trading session $114.40, with a closing stock price at $123.06; ProShares Ultrashort Financials (NYSE: SKF) stock price gained 1.65 points on the trading session, high on the trading session $150.38, low on the trading session $134.40, with a closing stock price at $135.14; ProShares Ultrashort S&P500 (NYSE: SDS) stock price shed 0.11 points on the trading session, high on the trading session $83.40, low on the trading session $78.17, with a closing stock price at $78.41; MasterCard Incorporated (NYSE: MA) stock price shed 2.18 points on the trading session, high on the trading session $162.15, low on the trading session $155.15, with a closing stock price at $161.80; Direxion Financial Bear 3X (NYSE: FAZ) stock price gained 1.09 points on the trading session, high on the trading session $51.44, low on the trading session $44.24, with a closing stock price at $44.64; CME Group Incorporated (NYSE: CME) stock price gained 7.62 points on the trading session, high on the trading session $194.33, low on the trading session $181.27, with a closing stock price at $192.90.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,369, declined stock prices 1,333, unchanged stock prices 171, stock prices hitting new highs 8 and stock prices hitting new lows 138. 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: Strayer Education Incorporated (NasdaqGS: STRA) stock price shed 39.22 points on the trading session, high on the trading session $195.99, low on the trading session $179.01, with a closing stock price at $186.65; Asia Holdings Incorporated (NasdaqGS: ASIA) stock price gained 2.46 points on the trading session, high on the trading session $12.77, low on the trading session $11.00, with a closing stock price at $12.74; Buffalo Wild Wings Incorporated (NasdaqGS: BWLD) stock price gained 7.00 points on the trading session, high on the trading session $29.56, low on the trading session $27.11, with a closing stock price at $28.91; Apollo Group Incorporated (NasdaqGS: APOL) stock price shed 0.10 points on the trading session, high on the trading session $82.96, low on the trading session $76.35, with a closing stock price at $82.26; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 1.36 points on the trading session, high on the trading session $146.37, low on the trading session $139.78, with a closing stock price at $145.50.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 218, declined stock prices 327, unchanged stock prices 67, stock prices hitting new highs 6 and stock prices hitting new lows 14.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 09: End of trading session price 83250; Change for the trading session -0.25
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,240.25; Change for the trading session 17.00
E-mini DOW $5 (YM) Mar 09: End of trading session price 7,903; Change for the trading session 7
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 509.20; Change for the trading session 4.90
E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 7,760; Change for the trading session -25
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7781 to U.S. Dollars 1.2851
Japanese Yen 90.9500 to U.S. Dollars 0.0110
British Pound 0.7018 to U.S. Dollars 1.4249
Canadian Dollar 1.2439 to U.S. Dollars 0.8039
Swiss Franc 1.1637 to U.S. Dollars 0.8593
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 09) shed $1.96 on the trading session for a closing price of $33.98 per barrel ($US per barrel)
Heating Oil (March 09) gained $0.01 on the trading session for a closing price of $1.33 a gallon ($US per gallon)
Natural Gas (March 09) shed $0.05 on the trading session for a closing price of $4.48 per million BTU ($US per mmbtu.)
Unleaded Gas (March 09) gained $0.01 on the trading session for a closing price of $1.28 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 09) gained $4.70 on the trading session for a closing price of $949.20 ($US per Troy ounce)
Silver (March 09) shed $0.01 on the trading session for a closing price of $13.51 ($US per Troy ounce)
Platinum (April 09) shed $2.80 on the trading session for a closing price of $1,078.00 ($US per Troy ounce)
Copper (March 09) shed $0.01 on the trading session for a closing price of $1.53 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 09) gained 1.53 on the trading session for a closing price of 63.80
Pork Bellies (March 09) gained 1.13 on the trading session for a closing price of 82.10
Live Cattle (April 09) shed 0.10 on the trading session for a closing price of 87.55
Feeder Cattle (March 09) shed 0.25 on the trading session for a closing price of 95.15
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) shed 2.25 on the trading session for a closing price of 366.25
Soybeans (March 09) shed 9.50 on the trading session for a closing price of 968.50
BOND MARKET:
2 year Bond Closing price 99 30/32, change 0, Yield 0.89, Yield change 0.00
5 year Bond closing price of 99 31/32, change 0, Yield 1.75, Yield change 0.00
10 year Bond closing price 99 24/32, change 11/32, Yield 2.78, Yield change -0.01
30 year Bond closing price 117 30/32, change -1 13/32, Yield 3.44, Yield change 0.07
Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.
Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.
Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.
Thanks for reading
Millennium-Traders.Com
