Daily Market Commentary for July 11, 2008 from Millennium-Traders.Com
Fannie Mae (NYSE: FNM) was created by Congress in 1938 to promote home buying to Americans; Freddie Mac (NYSE: FRE) was created in 1970 to expand the secondary market for mortgages. Combined, the two own or guarantee approximately $5 trillion of mortgages which makes up nearly 50% of all outstanding mortgages in the U.S. (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 world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) triple digit loss of 128.48 points on the day to end the trading session at 11,100.54
NYSE (New York Stock Exchange) loss of 88.70 points to end the trading session at 8,347.24
NASDAQ loss of 18.77 points to end the trading session at 2,239.08
S&P 500 loss of 13.90 points to end the trading session at 1,239.49
FTSE All-World ex-U.S. loss of 1.93 points to end the trading session at 222.47
FTSE RAFI 1000 loss of 58.68 points to end the trading session at 4,774.60
BEL 20 (BEL20) loss of 62.95 points to end the trading session at 2,959.35
CAC 40 (CAC40) triple digit loss of 130.92 points to end the trading session at 4,100.64
FTSE100 (UKX100) triple digit loss of 145.2 points to end the trading session at 5,261.6
NIKKEI 225 (NIK/O) loss of 27.52 points to end the trading session at 13,039.69
Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,024; declined stocks 2,209; unchanged stocks 67; stocks hitting new highs 18; stocks hitting new lows 821. List of volatile stocks 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 (DVN) gained 0.83 points on the trading session, high on the trading session $113.18, low on the trading session $108.43 for a closing stock price at $110.34; Fannie Mae (FNM) shed 2.95 points on the trading session, high on the trading session $11.89 low on the trading session $6.68 for a closing stock price at $10.25; Precision Castparts Corporation (PCP) shed 4.32 points on the trading session, high on the trading session $97.24, low on the trading session $92.25 for a closing stock price at $94.26; Freddie Mac (FRE) shed 0.25 points on the trading session, high on the trading session $8.63, low on the trading session $3.89 for a closing stock price at $7.75; Patriot Coal Corporation (PCX) gained 6.34 points on the trading session, high on the trading session $138.97, low on the trading session $126.00 for a closing stock price at $136.71; Ashland Incorporated (ASH) shed 6.31 points on the trading session, high on the trading session $45.44, low on the trading session $39.34 for a closing stock price at $41.10; Rockwell Collins Incorporated (COL) shed 4.30 points on the trading session, high on the trading session $50.65, low on the trading session $46.73 for a closing stock price at $47.16; Petroleo Brasileiro SA (PBR) shed 0.03 points on the trading session, high on the trading session $63.20, low on the trading session $60.91 for a closing stock price at $61.71; Continental Resources Incorporated (CLR) gained 1.37 points on the trading session, high on the trading session $83.81, low on the trading session $76.67 for a closing stock price at $80.02; Mosaic Company (MOS) gained 1.72 points on the trading session, high on the trading session $142.92, low on the trading session $136.77 for a closing stock price at $141.81; CME Group Incorporated (NYSE: CME) shed 3.20 points on the trading session, high on the trading session $320.00, low on the trading session $292.61 for a closing stock price at $306.50; Walter Industries Incorporated (NYSE: WLT) gained 2.18 points on the trading session, high on the trading session $93.71, low on the trading session $84.01 for a closing stock price at $88.73; IntercontinentalExchange Incorporated (ICE) gained 3.10 points on the trading session, high on the trading session $*90.61, low on the trading session $80.20 for a closing stock price at $88.40.
Market trends on the NASDAQ today: advanced stocks 1,368; declined stocks 1,495; unchanged stocks 151; stocks hitting new highs 16; stocks hitting new lows 396. List of volatile stocks 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: Google Incorporated (GOOG) shed 6.77 points on the trading session, high on the trading session $539.50, low on the trading session $519.43 for a closing stock price at $533.50; Deckers Outdoor Corporation (DECK) shed 10.45 points on the trading session, high on the trading session $126.78, low on the trading session $109.06 for a closing stock price at $112.85; Baidu.com Incorporated (BIDU) shed 24.23 points on the trading session, high on the trading session $323.99, low on the trading session $303.29 for a closing stock price at $305.08; Penn National Gaming (PENN) shed 2.59 points on the trading session, high on the trading session $26.81, low on the trading session $23.30 for a closing stock price at $24.47; WestAmerica Bancorp (WABC) shed 3.16 points on the trading session, high on the trading session $47.74, low on the trading session $35.50 for a closing stock price at $44.84.
Market trends on the American Stock Exchange (AMEX) today: advanced stocks 421; declined stocks 771; unchanged stocks 87; stocks hitting new highs 29; stocks hitting new lows 182.
Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1239.75, change 0.00
E-mini NASDAQ-100 (NQ) end of day price 1819.00, change -1.50
E-mini S&P SmallCap 600 (SMP) end of day price 354.20, change 0.10
$5 DJIA (YM) end of day price 11,090, change -6
World Currencies at time of this posting:
Euro 0.6288 to U.S. Dollars 1.5903
Japanese Yen 106.08 to U.S. Dollars 0.0094
British Pound 0.5023 to U.S. Dollars 1.9909
Canadian Dollar 1.0094 to U.S. Dollars 0.9907
Swiss Franc 1.0174 to U.S. Dollars 0.9829
Commodities Markets:
Energy Sector: Light Crude (NYM) gained $3.43 on the day for a closing price of the range of $145.08 a gallon ($US per bbl.); Heating Oil (NYM) gained $0.04 on the day for a closing price of $4.08 a gallon ($US per gal.); Natural Gas (NYM) shed $0.39 on the day for a closing price of $11.99 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.05 on the day for a closing price of $3.56 a gallon ($US per gal.).
Metals Markets: Gold Market Price (CMX) gained $18.60 on the day for a closing price of $960.60 ($US per Troy oz.); Silver (CMX) gained $0.50 on the day for a closing price of $18.82 ($US per Troy oz.); Platinum (NYM) gained $48.80 on the day for a closing price of $2,047.20 ($US per Troy oz.) and Copper (CMX) gained $0.02 on the day for a closing price of $3.74 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.38 on the day for a closing price of 71.25; Pork Bellies (CME) shed 0.40 on the day for a closing price of 66.38; Live Cattle (CME) shed 0.85 on the day for a closing price of 101.20; Feeder Cattle (CME) shed 0.93 on the day for a closing price of 111.73.
Other Commodities (cents per bu.): Corn (CBT) gained 5.00 on the day for a closing price of 709.25 and Soybeans (CBT) gained 9.0 on the day for a closing price of 1,596.00.
Bond action for the day: 2 year bond shed 5/32 on the day for a closing price of 100 23/32 with a Yield of 2.60, Yield Change +0.20; 5 year bond shed 13/32 on the day for a closing price of 100 30/32 with a Yield of 3.28, Yield Change +0.21; 10 year bond shed 18/32 on the day for a closing price of 100 1/32 with a Yield of 3.95, Yield Change +0.15; the 30 year bond shed 28/32 on the day for a closing price of 98 15/32 with a Yield of 4.52, Yield Change +0.11.
University of Michigan Mid-July Sentiment came in at 56.6 compared to reading in June at 56.4; University of Michigan Mid-July Current Index came in at 69.5 compared to reading in June at 67.6; University of Michigan Mid-July Expectations came in at 48.3 compared to reading in June at 49.2; University of Michigan 12-Month Inflation Forecast increased by 5.3% compared to reading in June of an increase by 5.1%; University of Michigan 5-Year Inflation Forecast increased by 3.4% compared to reading in June of an increase by 3.4%.
U.S. June Import Prices rose 2.6% compared to consensus was an increase by 2.0%; U.S. June Non-Petroleum Import Prices rose 0.9%; U.S. June Petroleum Import Prices rose 7.4%; U.S. Import Prices rose 20.5% on the year setting a record high; U.S. Import Prices from China up a record 4.8% on the year; U.S. May Trade Deficit came in at $59.79 Billion compared to consensus Deficit at $62.70 Billion; April Trade Balance revised to Deficit of $60.50 Billion from Deficit of $60.90 Billion; May Exports came in at $157.55 Billion at an increase by 0.9%; May Imports came in at $217.34 Billion at an increase by 0.3%.
At the close of the week, performance results for our Moderators:
Stocks Trading Room:
Jeannie $8,433
Barry $12,708
Marty $8,317
Sam $5,727
Futures Trading Room:
JT $5,302.50
Forex Trading Room:
JT $17,450
Daily Swing Trades:
Barry $8,810
Weekly Swing Trades:
Jeannie $5,100
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
Fannie Mae (NYSE: FNM) was created by Congress in 1938 to promote home buying to Americans; Freddie Mac (NYSE: FRE) was created in 1970 to expand the secondary market for mortgages. Combined, the two own or guarantee approximately $5 trillion of mortgages which makes up nearly 50% of all outstanding mortgages in the U.S. (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 world market as well as the emerging markets including the stock market closing price:
DOW (Dow Jones Industrial Average) triple digit loss of 128.48 points on the day to end the trading session at 11,100.54
NYSE (New York Stock Exchange) loss of 88.70 points to end the trading session at 8,347.24
NASDAQ loss of 18.77 points to end the trading session at 2,239.08
S&P 500 loss of 13.90 points to end the trading session at 1,239.49
FTSE All-World ex-U.S. loss of 1.93 points to end the trading session at 222.47
FTSE RAFI 1000 loss of 58.68 points to end the trading session at 4,774.60
BEL 20 (BEL20) loss of 62.95 points to end the trading session at 2,959.35
CAC 40 (CAC40) triple digit loss of 130.92 points to end the trading session at 4,100.64
FTSE100 (UKX100) triple digit loss of 145.2 points to end the trading session at 5,261.6
NIKKEI 225 (NIK/O) loss of 27.52 points to end the trading session at 13,039.69
Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 1,024; declined stocks 2,209; unchanged stocks 67; stocks hitting new highs 18; stocks hitting new lows 821. List of volatile stocks 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 (DVN) gained 0.83 points on the trading session, high on the trading session $113.18, low on the trading session $108.43 for a closing stock price at $110.34; Fannie Mae (FNM) shed 2.95 points on the trading session, high on the trading session $11.89 low on the trading session $6.68 for a closing stock price at $10.25; Precision Castparts Corporation (PCP) shed 4.32 points on the trading session, high on the trading session $97.24, low on the trading session $92.25 for a closing stock price at $94.26; Freddie Mac (FRE) shed 0.25 points on the trading session, high on the trading session $8.63, low on the trading session $3.89 for a closing stock price at $7.75; Patriot Coal Corporation (PCX) gained 6.34 points on the trading session, high on the trading session $138.97, low on the trading session $126.00 for a closing stock price at $136.71; Ashland Incorporated (ASH) shed 6.31 points on the trading session, high on the trading session $45.44, low on the trading session $39.34 for a closing stock price at $41.10; Rockwell Collins Incorporated (COL) shed 4.30 points on the trading session, high on the trading session $50.65, low on the trading session $46.73 for a closing stock price at $47.16; Petroleo Brasileiro SA (PBR) shed 0.03 points on the trading session, high on the trading session $63.20, low on the trading session $60.91 for a closing stock price at $61.71; Continental Resources Incorporated (CLR) gained 1.37 points on the trading session, high on the trading session $83.81, low on the trading session $76.67 for a closing stock price at $80.02; Mosaic Company (MOS) gained 1.72 points on the trading session, high on the trading session $142.92, low on the trading session $136.77 for a closing stock price at $141.81; CME Group Incorporated (NYSE: CME) shed 3.20 points on the trading session, high on the trading session $320.00, low on the trading session $292.61 for a closing stock price at $306.50; Walter Industries Incorporated (NYSE: WLT) gained 2.18 points on the trading session, high on the trading session $93.71, low on the trading session $84.01 for a closing stock price at $88.73; IntercontinentalExchange Incorporated (ICE) gained 3.10 points on the trading session, high on the trading session $*90.61, low on the trading session $80.20 for a closing stock price at $88.40.
Market trends on the NASDAQ today: advanced stocks 1,368; declined stocks 1,495; unchanged stocks 151; stocks hitting new highs 16; stocks hitting new lows 396. List of volatile stocks 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: Google Incorporated (GOOG) shed 6.77 points on the trading session, high on the trading session $539.50, low on the trading session $519.43 for a closing stock price at $533.50; Deckers Outdoor Corporation (DECK) shed 10.45 points on the trading session, high on the trading session $126.78, low on the trading session $109.06 for a closing stock price at $112.85; Baidu.com Incorporated (BIDU) shed 24.23 points on the trading session, high on the trading session $323.99, low on the trading session $303.29 for a closing stock price at $305.08; Penn National Gaming (PENN) shed 2.59 points on the trading session, high on the trading session $26.81, low on the trading session $23.30 for a closing stock price at $24.47; WestAmerica Bancorp (WABC) shed 3.16 points on the trading session, high on the trading session $47.74, low on the trading session $35.50 for a closing stock price at $44.84.
Market trends on the American Stock Exchange (AMEX) today: advanced stocks 421; declined stocks 771; unchanged stocks 87; stocks hitting new highs 29; stocks hitting new lows 182.
Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts, at time of this posting:
E-mini S&P 500 (ES) end of day price 1239.75, change 0.00
E-mini NASDAQ-100 (NQ) end of day price 1819.00, change -1.50
E-mini S&P SmallCap 600 (SMP) end of day price 354.20, change 0.10
$5 DJIA (YM) end of day price 11,090, change -6
World Currencies at time of this posting:
Euro 0.6288 to U.S. Dollars 1.5903
Japanese Yen 106.08 to U.S. Dollars 0.0094
British Pound 0.5023 to U.S. Dollars 1.9909
Canadian Dollar 1.0094 to U.S. Dollars 0.9907
Swiss Franc 1.0174 to U.S. Dollars 0.9829
Commodities Markets:
Energy Sector: Light Crude (NYM) gained $3.43 on the day for a closing price of the range of $145.08 a gallon ($US per bbl.); Heating Oil (NYM) gained $0.04 on the day for a closing price of $4.08 a gallon ($US per gal.); Natural Gas (NYM) shed $0.39 on the day for a closing price of $11.99 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.05 on the day for a closing price of $3.56 a gallon ($US per gal.).
Metals Markets: Gold Market Price (CMX) gained $18.60 on the day for a closing price of $960.60 ($US per Troy oz.); Silver (CMX) gained $0.50 on the day for a closing price of $18.82 ($US per Troy oz.); Platinum (NYM) gained $48.80 on the day for a closing price of $2,047.20 ($US per Troy oz.) and Copper (CMX) gained $0.02 on the day for a closing price of $3.74 ($US per lb.).
Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 0.38 on the day for a closing price of 71.25; Pork Bellies (CME) shed 0.40 on the day for a closing price of 66.38; Live Cattle (CME) shed 0.85 on the day for a closing price of 101.20; Feeder Cattle (CME) shed 0.93 on the day for a closing price of 111.73.
Other Commodities (cents per bu.): Corn (CBT) gained 5.00 on the day for a closing price of 709.25 and Soybeans (CBT) gained 9.0 on the day for a closing price of 1,596.00.
Bond action for the day: 2 year bond shed 5/32 on the day for a closing price of 100 23/32 with a Yield of 2.60, Yield Change +0.20; 5 year bond shed 13/32 on the day for a closing price of 100 30/32 with a Yield of 3.28, Yield Change +0.21; 10 year bond shed 18/32 on the day for a closing price of 100 1/32 with a Yield of 3.95, Yield Change +0.15; the 30 year bond shed 28/32 on the day for a closing price of 98 15/32 with a Yield of 4.52, Yield Change +0.11.
University of Michigan Mid-July Sentiment came in at 56.6 compared to reading in June at 56.4; University of Michigan Mid-July Current Index came in at 69.5 compared to reading in June at 67.6; University of Michigan Mid-July Expectations came in at 48.3 compared to reading in June at 49.2; University of Michigan 12-Month Inflation Forecast increased by 5.3% compared to reading in June of an increase by 5.1%; University of Michigan 5-Year Inflation Forecast increased by 3.4% compared to reading in June of an increase by 3.4%.
U.S. June Import Prices rose 2.6% compared to consensus was an increase by 2.0%; U.S. June Non-Petroleum Import Prices rose 0.9%; U.S. June Petroleum Import Prices rose 7.4%; U.S. Import Prices rose 20.5% on the year setting a record high; U.S. Import Prices from China up a record 4.8% on the year; U.S. May Trade Deficit came in at $59.79 Billion compared to consensus Deficit at $62.70 Billion; April Trade Balance revised to Deficit of $60.50 Billion from Deficit of $60.90 Billion; May Exports came in at $157.55 Billion at an increase by 0.9%; May Imports came in at $217.34 Billion at an increase by 0.3%.
At the close of the week, performance results for our Moderators:
Stocks Trading Room:
Jeannie $8,433
Barry $12,708
Marty $8,317
Sam $5,727
Futures Trading Room:
JT $5,302.50
Forex Trading Room:
JT $17,450
Daily Swing Trades:
Barry $8,810
Weekly Swing Trades:
Jeannie $5,100
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
