Daily Market Commentary for October 3, 2008 from Millennium-Traders.Com
U.S. House votes 263 - 171 to approve Financial Rescue Bill. President George W. Bush signed the Bill into law just before 3:00 pm Eastern Time today (read more)
Economic data released today:
Employment Situation:
U.S. September Nonfarm Payrolls fell by 159K as compared to consensus of an anticipated drop by 105K; U.S. September Unemployment Rate came in at 6.1 percent as compared to consensus of 6.1 percent; September Manufacturing Payrolls fell by 51K; September Service-Producing Payrolls fell by 82K; U.S. September Overall Workweek fell by 0.1 Hour to 33.6 Hours; U.S. August Payrolls Revised to a drop by 73K from a drop by 84K; U.S. August Unemployment Left Unrevised at 6.1 percent; U.S. September Payroll posted largest drop since March 2003; Labor Department stated that Hurricane Ike did not affect Payrolls in September.
Institute for Supply Management (ISM) Non-Manufacturing Survey:
U.S. ISM September Non-Manufacturing Composite Index came in at 50.2; U.S. ISM September Non-Manufacturing Composite Index expected to come in at 50.0; U.S. ISM September Non-Manufacturing Business Index came in at 52.1; U.S. ISM September Non-Manufacturing Composite Index came in at 50.2 versus August reading of 50.6; U.S. ISM September Non-Manufacturing Business Index came in at 52.1 versus August reading of 51.6; U.S. ISM September Non-Manufacturing Employment Index came in at 44.2 versus August reading of 45.4; U.S. ISM September Non-Manufacturing Prices Index came in at 70.0 versus August reading of 72.9; U.S. ISM September Non-Manufacturing New Orders Index came in at 50.8 versus August reading of 49.7.
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 session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit loss of 157.47 points on the day to end the trading session at 10,325.38
NYSE (New York Stock Exchange) loss of 66.47 points to end the trading session at 7,088.94
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 29.33 points to end the trading session at 1,947.39
S&P 500 loss of 15.05 points to end the trading session at 1,099.23
FTSE All-World excluding U.S. loss of 0.79 points to end the trading session at 185.92
FTSE RAFI 1000 loss of 88.79 points to end the trading session at 4,378.78
BEL 20 (BEL20) gain of 15.93 points to end the trading session at 2,757.01
CAC 40 (CAC40) triple digit gain of 117.47 points to end the trading session at 4,080.75
FTSE100 (UKX100) triple digit gain of 109.91 points to end the trading session at 4,980.25
NIKKEI 225 (NIK/O) triple digit loss of 216.62 points to end the trading session at 10,938.14
New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 1,178 declined stock prices 2,029; unchanged stock prices 68; stock prices hitting new highs 7 and stock prices hitting new lows 530.
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: Transocean Incorporated (NYSE: RIG) stock price shed 1.53 points on the trading session, high on the trading session $101.67, low on the trading session $94.16 with a closing stock price at $94.65; Alpha Natural Resources Incorporated (NYSE: ANR) stock price gained 1.75 points on the trading session, high on the trading session $48.94, low on the trading session $40.73 with a closing stock price at $42.25; CME Group Incorporated (NYSE: CME) stock price shed 10.52 points on the trading session, high on the trading session $402.50, low on the trading session $362.30 with a closing stock price at $363.15; Petroleo Brasileiro (NYSE: PBR) stock price shed 1.36 points on the trading session, high on the trading session $41.56, low on the trading session $36.60 with a closing stock price at $36.72; Pediatrix Medical Group Incorporated (NYSE: PDX) stock price shed 2.41 points on the trading session, high on the trading session $47.36, low on the trading session $42.00 with a closing stock price at $43.15.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 835; declined stock prices 2,064; unchanged stock prices 107; stock prices hitting new highs 6; stock prices hitting new lows 435.
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: Interwoven Incorporated (NasdaqGS: IWOV) stock price shed 0.12 points on the trading session, high on the trading session $13.87, low on the trading session $12.51 with a closing stock price at $12.62; Penn National Gaming Incorporated (NasdaqGS: PENN) stock price shed 2.97 points on the trading session, high on the trading session $21.74, low on the trading session $19.60 with a closing stock price at $20.39; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 15.84 points on the trading session, high on the trading session $194.30, low on the trading session $153.62 with a closing stock price at $162.02; Central European Media Enterprise (NasdaqGS: CETV) stock price shed 7.06 points on the trading session, high on the trading session $57.92, low on the trading session $46.87 with a closing stock price at $50.38; Google Incorporated (NasdaqGS: GOOG) stock price shed 3.58 points on the trading session, high on the trading session $412.49, low on the trading session $383.07 with a closing stock price at $386.90.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 455; declined stock prices 708; unchanged stock prices 76; stock prices hitting new highs 16; stock prices hitting new lows 250.
Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1,109.00 change -15.50
E-mini NASDAQ-100 (NQ) end of day price 1,478.25, change -32.25
E-mini S&P SmallCap 600 (SMP) end of day price 330.50, change -11.30
$5 DJIA (YM) end of day price 10,361 change -196
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7251 to U.S. Dollars 1.3792
Japanese Yen 105.21 to U.S. Dollars 0.0095
British Pound 0.5636 to U.S. Dollars 1.7743
Canadian Dollar 1.0809 to U.S. Dollars 0.9252
Swiss Franc 1.1274 to U.S. Dollars 0.8870
Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $0.09 on the day for a closing price of $93.88 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.05 on the day for a closing price of $2.66 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.12 on the day for a closing price of $7.36 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.03 on the day for a closing price of $2.23 a gallon ($US per gallon)
Metals Markets:
Gold Market Price (COMEX: CMX) shed $11.10 on the day for a closing price of $833.20 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.21 on the day for a closing price of $11.33 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $20.80 on the day for a closing price of $965.80 ($US per Troy ounce)
Copper (COMEX: CMX) gained $0.06 on the day for a closing price of $2.69 ($US per pound)
Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.48 on the day for a closing price of 66.43
Pork Bellies (Chicago Mercantile Exchange: CME) gained 2.28 on the day for a closing price of 94.10
Live Cattle (Chicago Mercantile Exchange: CME) shed 0.30 on the day for a closing price of 97.78
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 0.20 on the day for a closing price of 100.80
Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) no change on the day for a closing price of 454.00
Soybeans (Chicago Board of Trade: CBT) shed 12.00 on the day for a closing price of 992.00
Bond Market:
2 year bond shed 2/32 on the day for a closing price of 100 21/32 with a Yield of 1.65, Yield Change 0.03
5 year bond gained 1/32 on the day for a closing price of 102 4/32 with a Yield of 2.66, Yield Change 0.00
10 year bond gained 6/32 on the day for a closing price of 103 7/32 with a Yield of 3.60, Yield Change -0.20
30 year bond gained 25/32 on the day for a closing price of 106 23/32 with a Yield of 4.10, Yield Change -0.04
At the close of the week, performance results for our Moderators:
Stocks Trading Room:
Jeannie $4,758
Barry $6,606
Sam $8,371
Futures Trading Room:
JT $8,047.50
Forex Trading Room:
JT $32,750
Daily Swing Trades:
Barry $2,810
Weekly Swing Trades:
Jeannie $1,050
Thanks for reading
Millennium-Traders.Com
U.S. House votes 263 - 171 to approve Financial Rescue Bill. President George W. Bush signed the Bill into law just before 3:00 pm Eastern Time today (read more)
Economic data released today:
Employment Situation:
U.S. September Nonfarm Payrolls fell by 159K as compared to consensus of an anticipated drop by 105K; U.S. September Unemployment Rate came in at 6.1 percent as compared to consensus of 6.1 percent; September Manufacturing Payrolls fell by 51K; September Service-Producing Payrolls fell by 82K; U.S. September Overall Workweek fell by 0.1 Hour to 33.6 Hours; U.S. August Payrolls Revised to a drop by 73K from a drop by 84K; U.S. August Unemployment Left Unrevised at 6.1 percent; U.S. September Payroll posted largest drop since March 2003; Labor Department stated that Hurricane Ike did not affect Payrolls in September.
Institute for Supply Management (ISM) Non-Manufacturing Survey:
U.S. ISM September Non-Manufacturing Composite Index came in at 50.2; U.S. ISM September Non-Manufacturing Composite Index expected to come in at 50.0; U.S. ISM September Non-Manufacturing Business Index came in at 52.1; U.S. ISM September Non-Manufacturing Composite Index came in at 50.2 versus August reading of 50.6; U.S. ISM September Non-Manufacturing Business Index came in at 52.1 versus August reading of 51.6; U.S. ISM September Non-Manufacturing Employment Index came in at 44.2 versus August reading of 45.4; U.S. ISM September Non-Manufacturing Prices Index came in at 70.0 versus August reading of 72.9; U.S. ISM September Non-Manufacturing New Orders Index came in at 50.8 versus August reading of 49.7.
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 session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit loss of 157.47 points on the day to end the trading session at 10,325.38
NYSE (New York Stock Exchange) loss of 66.47 points to end the trading session at 7,088.94
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 29.33 points to end the trading session at 1,947.39
S&P 500 loss of 15.05 points to end the trading session at 1,099.23
FTSE All-World excluding U.S. loss of 0.79 points to end the trading session at 185.92
FTSE RAFI 1000 loss of 88.79 points to end the trading session at 4,378.78
BEL 20 (BEL20) gain of 15.93 points to end the trading session at 2,757.01
CAC 40 (CAC40) triple digit gain of 117.47 points to end the trading session at 4,080.75
FTSE100 (UKX100) triple digit gain of 109.91 points to end the trading session at 4,980.25
NIKKEI 225 (NIK/O) triple digit loss of 216.62 points to end the trading session at 10,938.14
New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 1,178 declined stock prices 2,029; unchanged stock prices 68; stock prices hitting new highs 7 and stock prices hitting new lows 530.
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: Transocean Incorporated (NYSE: RIG) stock price shed 1.53 points on the trading session, high on the trading session $101.67, low on the trading session $94.16 with a closing stock price at $94.65; Alpha Natural Resources Incorporated (NYSE: ANR) stock price gained 1.75 points on the trading session, high on the trading session $48.94, low on the trading session $40.73 with a closing stock price at $42.25; CME Group Incorporated (NYSE: CME) stock price shed 10.52 points on the trading session, high on the trading session $402.50, low on the trading session $362.30 with a closing stock price at $363.15; Petroleo Brasileiro (NYSE: PBR) stock price shed 1.36 points on the trading session, high on the trading session $41.56, low on the trading session $36.60 with a closing stock price at $36.72; Pediatrix Medical Group Incorporated (NYSE: PDX) stock price shed 2.41 points on the trading session, high on the trading session $47.36, low on the trading session $42.00 with a closing stock price at $43.15.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 835; declined stock prices 2,064; unchanged stock prices 107; stock prices hitting new highs 6; stock prices hitting new lows 435.
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: Interwoven Incorporated (NasdaqGS: IWOV) stock price shed 0.12 points on the trading session, high on the trading session $13.87, low on the trading session $12.51 with a closing stock price at $12.62; Penn National Gaming Incorporated (NasdaqGS: PENN) stock price shed 2.97 points on the trading session, high on the trading session $21.74, low on the trading session $19.60 with a closing stock price at $20.39; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 15.84 points on the trading session, high on the trading session $194.30, low on the trading session $153.62 with a closing stock price at $162.02; Central European Media Enterprise (NasdaqGS: CETV) stock price shed 7.06 points on the trading session, high on the trading session $57.92, low on the trading session $46.87 with a closing stock price at $50.38; Google Incorporated (NasdaqGS: GOOG) stock price shed 3.58 points on the trading session, high on the trading session $412.49, low on the trading session $383.07 with a closing stock price at $386.90.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 455; declined stock prices 708; unchanged stock prices 76; stock prices hitting new highs 16; stock prices hitting new lows 250.
Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1,109.00 change -15.50
E-mini NASDAQ-100 (NQ) end of day price 1,478.25, change -32.25
E-mini S&P SmallCap 600 (SMP) end of day price 330.50, change -11.30
$5 DJIA (YM) end of day price 10,361 change -196
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7251 to U.S. Dollars 1.3792
Japanese Yen 105.21 to U.S. Dollars 0.0095
British Pound 0.5636 to U.S. Dollars 1.7743
Canadian Dollar 1.0809 to U.S. Dollars 0.9252
Swiss Franc 1.1274 to U.S. Dollars 0.8870
Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $0.09 on the day for a closing price of $93.88 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.05 on the day for a closing price of $2.66 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.12 on the day for a closing price of $7.36 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.03 on the day for a closing price of $2.23 a gallon ($US per gallon)
Metals Markets:
Gold Market Price (COMEX: CMX) shed $11.10 on the day for a closing price of $833.20 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.21 on the day for a closing price of $11.33 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $20.80 on the day for a closing price of $965.80 ($US per Troy ounce)
Copper (COMEX: CMX) gained $0.06 on the day for a closing price of $2.69 ($US per pound)
Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.48 on the day for a closing price of 66.43
Pork Bellies (Chicago Mercantile Exchange: CME) gained 2.28 on the day for a closing price of 94.10
Live Cattle (Chicago Mercantile Exchange: CME) shed 0.30 on the day for a closing price of 97.78
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 0.20 on the day for a closing price of 100.80
Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) no change on the day for a closing price of 454.00
Soybeans (Chicago Board of Trade: CBT) shed 12.00 on the day for a closing price of 992.00
Bond Market:
2 year bond shed 2/32 on the day for a closing price of 100 21/32 with a Yield of 1.65, Yield Change 0.03
5 year bond gained 1/32 on the day for a closing price of 102 4/32 with a Yield of 2.66, Yield Change 0.00
10 year bond gained 6/32 on the day for a closing price of 103 7/32 with a Yield of 3.60, Yield Change -0.20
30 year bond gained 25/32 on the day for a closing price of 106 23/32 with a Yield of 4.10, Yield Change -0.04
At the close of the week, performance results for our Moderators:
Stocks Trading Room:
Jeannie $4,758
Barry $6,606
Sam $8,371
Futures Trading Room:
JT $8,047.50
Forex Trading Room:
JT $32,750
Daily Swing Trades:
Barry $2,810
Weekly Swing Trades:
Jeannie $1,050
Thanks for reading
Millennium-Traders.Com
