Daily Market Commentary for April 23, 2008 from Millennium-Traders.Com
Todays top stock pick goes to Republic Airways Holdings Inc (NasdaqGS: RJET) which provided a very nice ride down followed by an exciting rebound for active day traders. After a dive from the $18 range traders watched RJET plummet to its low of the day at $11.23 during the early morning trading session. (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) gain of 42.99 points on the day to end the session at 12,763.22
NYSE (New York Stock Exchange) gain of 9.32 points to end the session at 9,237.29
NASDAQ gain of 28.27 points for a close at 2,379.98
S&P 500 gain of 4.04 points for a close at 1,379.98
FTSE All-World ex-U.S. gain of 0.17 points to close at 249.95
FTSE RAFI 1000 loss of 2.36 points to close at 5,520.81
BEL 20 gain of 20.01 points on the day to end the session at 3,879.15
CAC 40 gain of 72.01 points on the day to end the session at 4,944.65
FTSE100 gain of 48.9 points on the day to end the session at 6,083.60
NIKKEI 225 gain of 31.4 points on the day to end the session at 13,579.20
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,638; declined stocks 1,490; unchanged stocks 113; stocks hitting new highs 44; stocks hitting new lows 69.
Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today:
Norfolk Southern Corporation (NYSE: NSC) shed 2.40 points on the trading day, high on the trading day $60.00, low on the trading day $57.85, for a closing price at $58.74
Mechel Open Joint Stock Company (NYSE: MTL) shed 4.62 points on the trading day, high on the trading day $162.49, low on the trading day $152.01, for a closing price at $156.61
Mosaic Corporation (NYSE: MOS) shed 6.94 points on the trading day, high on the trading day $140.99, low on the trading day $132.19, for a closing price at $133.27
Allegheny Technologies Incorporated (NYSE: ATI) gained 2.11 points on the trading day, high on the trading day $76.65, low on the trading day $68.16, for a closing price at $73.75
Precision Castparts Corporation (NYSE: PCP) shed 0.27 points on the trading day, high on the trading day $114.99, low on the trading day $110.78, for a closing price at $111.16
VMware, Incorporated (NYSE: VMW) gained 2.82 points on the trading day, high on the trading day $64.88, low on the trading day $60.55, for a closing price at $60.84
Lindsay Corporation (NYSE: LNN) shed 15.33 points on the trading day, high on the trading day $129.18, low on the trading day $109.23, for a closing price at $113.56
Terra Nitrogen Company, Limited Partnership (NYSE: TNH) shed 10.07 points on the trading day, high on the trading day $158.41, low on the trading day $143.27, for a closing price at $148.20
MBIA Incorporated (NYSE: MBI) shed 4.49 points on the trading day, high on the trading day $12.40, low on the trading day $8.63, for a closing price at $8.79
Suntech Power Holdings Company Limited (NYSE: STP) shed 3.05 points on the trading day, high on the trading day $50.58, low on the trading day $45.49, for a closing price at $46.13
CF Industries Holdings, Incorporated (NYSE: CF) shed 4.37 points on the trading day, high on the trading day $154.17, low on the trading day $144.00, for a closing price at $148.09
CME Group, Incorporated (NYSE: CME) gained 4.10 points on the trading day, high on the trading day $494.00, low on the trading day $480.50, for a closing price at $487.60
UltraShort Financials ProShares (NYSE: SKF) gained 1.21 points on the trading day, high on the trading day $110.31, low on the trading day $105.88, for a closing price at $109.09
Transocean, Incorporated (NYSE: RIG) shed 1.34 points on the trading day, high on the trading day $157.98, low on the trading day $155.05, for a closing price at $156.77
Monsanto Company (NYSE: MON) shed 3.00 points on the trading day, high on the trading day $129.76, low on the trading day $124.14, for a closing price at $125.58
Potash Corporation of Saskatchewan, Incorporated (NYSE: POT) shed 10.71 points on the trading day, high on the trading day $215.97, low on the trading day $202.10, for a closing price at $204.12
News on the NASDAQ today: advanced stocks 1,570; declined stocks 1,340; unchanged stocks 150; stocks hitting new highs 15; stocks hitting new lows 128.
Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today:
Apple Incorporated (NasdaqGS: AAPL) gained 2.69 points on the trading day, high on the trading day $164.84, low on the trading day $161.08, closing price $162.89
Daktronics Incorporated (NasdaqGS: DAKT) shed 4.52 points on the trading day, high on the trading day $15.10, low on the trading day $13.88, for a closing price at $14.37
Republic Airways Holdings Incorporated (NasdaqGS: RJET) shed 0.51 points on the trading day, high on the trading day $18.16, low on the trading day $11.23, for a closing price at $17.45
Shire plc (NasdaqGS: SHPGY) gained 3.64 points on the trading day, high on the trading day $59.00, low on the trading day $54.79, closing price $58.71
Baidu.com, Incorporated (NasdaqGS: BIDU) shed 0.44 points on the trading day, high on the trading day $364.75, low on the trading day $347.69, closing price $349.66
Intuitive Surgical, Incorporated (NasdaqGS: ISRG) gained 7.43 points on the trading day, high on the trading day $284.47, low on the trading day $271.86, for a closing price at $282.95
First Solar, Incorporated (NasdaqGS: FSLR) shed 12.00 points on the trading day, high on the trading day $303.00, low on the trading day $285.07, for a closing price at $286.03
News on the American Stock Exchange (AMEX) today: advanced stocks 562; declined stocks 607; unchanged stocks 99; stocks hitting new highs 20; stocks hitting new lows 24.
Department Of Energy released Crude Oil and Gasoline Stockpiles today: U.S. Crude Oil Stockpiles increased by 2.4 Million Barrels at 316.1 Million Barrels; U.S. Gasoline Stockpiles decreased by 3.2 Million Barrels at 212.6 Million Barrels; U.S. Distillate Stockpiles decreased by 1.4 Million Barrels at 104.7 Million Barrels; U.S. Refineries Ran at 85.6% versus 81.4% a week ago; U.S. Crude Oil Stockpiles increased by 2.4 Million Barrels in the week; seen increasing by 1.1 Million Barrels; U.S. Gasoline Stockpiles decreased by 3.2 Million Barrels in the week; seen decreasing by 2.1 Million Barrels; U.S. Distillate Stockpiles decreased by 1.4 Million Barrels in the week; seen decreasing by 300,000 Barrels; U.S. Refineries Ran at 85.6%; seen increasing by 0.7 percent at 82.1%.
Commodities Markets
Energy Sector:
Light Crude (NYM) gained $0.23 on the day to close at $118.30 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.01 on the day to close at $3.31 a gallon ($US per gal.); Natural Gas (NYM) gained $0.18 on the day to close at $10.95 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.03 on the day to close at $3.05 a gallon ($US per gal.).
Metals Markets:
Gold (CMX) shed $16.20 to close at $909.00 ($US per Troy oz.); Silver (CMX) shed $0.55 to close at $17.28 ($US per Troy oz.); Platinum (NYM) shed $18.60 to close at $2,018.80 ($US per Troy oz.) and Copper (CMX) shed $0.06 to close at $3.90 ($US per lb.).
Livestock and Meat Markets (cents per lb.):
Lean Hogs (CME) gained 1.75 to close at 75.43; Pork Bellies (CME) gained 0.70 to close at 75.25; Live Cattle (CME) gained 0.78 to close at 92.88; Feeder Cattle (CME) shed 0.85 to close at 109.93.
Other Commodities (cents per bu.):
Corn (CBT) shed 6.25 to close the session at 601.50 and Soybeans (CBT) shed 4.00 to close the session at 1,385.50.
Bonds were higher across the board today:
2 year bond shed 1/32 at 99 4/32 with a Yield of 2.21, Yield Change +0.02; 5 year bond shed 5/32 to close at 97 27/32 with a Yield of 2.96, Yield Change +0.03; 10 year bond shed 12/32 to close at 98 2/32 with a Yield of 3.73, Yield Change +0.04; the 30 year bond shed 25/32 to close at 98 2/32 on the day with a Yield of 4.49, Yield Change +0.05.
The e-mini Dow $5 ended the commodity session today at 12,755 with a gain of 19 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.
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
Todays top stock pick goes to Republic Airways Holdings Inc (NasdaqGS: RJET) which provided a very nice ride down followed by an exciting rebound for active day traders. After a dive from the $18 range traders watched RJET plummet to its low of the day at $11.23 during the early morning trading session. (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) gain of 42.99 points on the day to end the session at 12,763.22
NYSE (New York Stock Exchange) gain of 9.32 points to end the session at 9,237.29
NASDAQ gain of 28.27 points for a close at 2,379.98
S&P 500 gain of 4.04 points for a close at 1,379.98
FTSE All-World ex-U.S. gain of 0.17 points to close at 249.95
FTSE RAFI 1000 loss of 2.36 points to close at 5,520.81
BEL 20 gain of 20.01 points on the day to end the session at 3,879.15
CAC 40 gain of 72.01 points on the day to end the session at 4,944.65
FTSE100 gain of 48.9 points on the day to end the session at 6,083.60
NIKKEI 225 gain of 31.4 points on the day to end the session at 13,579.20
News on the New York Stock Exchange (NYSE) today: advanced stocks 1,638; declined stocks 1,490; unchanged stocks 113; stocks hitting new highs 44; stocks hitting new lows 69.
Daily Trading Range and end of day trading results for volatile NYSE stocks traded by active Day Traders today:
Norfolk Southern Corporation (NYSE: NSC) shed 2.40 points on the trading day, high on the trading day $60.00, low on the trading day $57.85, for a closing price at $58.74
Mechel Open Joint Stock Company (NYSE: MTL) shed 4.62 points on the trading day, high on the trading day $162.49, low on the trading day $152.01, for a closing price at $156.61
Mosaic Corporation (NYSE: MOS) shed 6.94 points on the trading day, high on the trading day $140.99, low on the trading day $132.19, for a closing price at $133.27
Allegheny Technologies Incorporated (NYSE: ATI) gained 2.11 points on the trading day, high on the trading day $76.65, low on the trading day $68.16, for a closing price at $73.75
Precision Castparts Corporation (NYSE: PCP) shed 0.27 points on the trading day, high on the trading day $114.99, low on the trading day $110.78, for a closing price at $111.16
VMware, Incorporated (NYSE: VMW) gained 2.82 points on the trading day, high on the trading day $64.88, low on the trading day $60.55, for a closing price at $60.84
Lindsay Corporation (NYSE: LNN) shed 15.33 points on the trading day, high on the trading day $129.18, low on the trading day $109.23, for a closing price at $113.56
Terra Nitrogen Company, Limited Partnership (NYSE: TNH) shed 10.07 points on the trading day, high on the trading day $158.41, low on the trading day $143.27, for a closing price at $148.20
MBIA Incorporated (NYSE: MBI) shed 4.49 points on the trading day, high on the trading day $12.40, low on the trading day $8.63, for a closing price at $8.79
Suntech Power Holdings Company Limited (NYSE: STP) shed 3.05 points on the trading day, high on the trading day $50.58, low on the trading day $45.49, for a closing price at $46.13
CF Industries Holdings, Incorporated (NYSE: CF) shed 4.37 points on the trading day, high on the trading day $154.17, low on the trading day $144.00, for a closing price at $148.09
CME Group, Incorporated (NYSE: CME) gained 4.10 points on the trading day, high on the trading day $494.00, low on the trading day $480.50, for a closing price at $487.60
UltraShort Financials ProShares (NYSE: SKF) gained 1.21 points on the trading day, high on the trading day $110.31, low on the trading day $105.88, for a closing price at $109.09
Transocean, Incorporated (NYSE: RIG) shed 1.34 points on the trading day, high on the trading day $157.98, low on the trading day $155.05, for a closing price at $156.77
Monsanto Company (NYSE: MON) shed 3.00 points on the trading day, high on the trading day $129.76, low on the trading day $124.14, for a closing price at $125.58
Potash Corporation of Saskatchewan, Incorporated (NYSE: POT) shed 10.71 points on the trading day, high on the trading day $215.97, low on the trading day $202.10, for a closing price at $204.12
News on the NASDAQ today: advanced stocks 1,570; declined stocks 1,340; unchanged stocks 150; stocks hitting new highs 15; stocks hitting new lows 128.
Trading range and end of day trading results for volatile NASDAQ stocks traded by active Day Traders today:
Apple Incorporated (NasdaqGS: AAPL) gained 2.69 points on the trading day, high on the trading day $164.84, low on the trading day $161.08, closing price $162.89
Daktronics Incorporated (NasdaqGS: DAKT) shed 4.52 points on the trading day, high on the trading day $15.10, low on the trading day $13.88, for a closing price at $14.37
Republic Airways Holdings Incorporated (NasdaqGS: RJET) shed 0.51 points on the trading day, high on the trading day $18.16, low on the trading day $11.23, for a closing price at $17.45
Shire plc (NasdaqGS: SHPGY) gained 3.64 points on the trading day, high on the trading day $59.00, low on the trading day $54.79, closing price $58.71
Baidu.com, Incorporated (NasdaqGS: BIDU) shed 0.44 points on the trading day, high on the trading day $364.75, low on the trading day $347.69, closing price $349.66
Intuitive Surgical, Incorporated (NasdaqGS: ISRG) gained 7.43 points on the trading day, high on the trading day $284.47, low on the trading day $271.86, for a closing price at $282.95
First Solar, Incorporated (NasdaqGS: FSLR) shed 12.00 points on the trading day, high on the trading day $303.00, low on the trading day $285.07, for a closing price at $286.03
News on the American Stock Exchange (AMEX) today: advanced stocks 562; declined stocks 607; unchanged stocks 99; stocks hitting new highs 20; stocks hitting new lows 24.
Department Of Energy released Crude Oil and Gasoline Stockpiles today: U.S. Crude Oil Stockpiles increased by 2.4 Million Barrels at 316.1 Million Barrels; U.S. Gasoline Stockpiles decreased by 3.2 Million Barrels at 212.6 Million Barrels; U.S. Distillate Stockpiles decreased by 1.4 Million Barrels at 104.7 Million Barrels; U.S. Refineries Ran at 85.6% versus 81.4% a week ago; U.S. Crude Oil Stockpiles increased by 2.4 Million Barrels in the week; seen increasing by 1.1 Million Barrels; U.S. Gasoline Stockpiles decreased by 3.2 Million Barrels in the week; seen decreasing by 2.1 Million Barrels; U.S. Distillate Stockpiles decreased by 1.4 Million Barrels in the week; seen decreasing by 300,000 Barrels; U.S. Refineries Ran at 85.6%; seen increasing by 0.7 percent at 82.1%.
Commodities Markets
Energy Sector:
Light Crude (NYM) gained $0.23 on the day to close at $118.30 a barrel ($US per bbl.); Heating Oil (NYM) gained $0.01 on the day to close at $3.31 a gallon ($US per gal.); Natural Gas (NYM) gained $0.18 on the day to close at $10.95 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.03 on the day to close at $3.05 a gallon ($US per gal.).
Metals Markets:
Gold (CMX) shed $16.20 to close at $909.00 ($US per Troy oz.); Silver (CMX) shed $0.55 to close at $17.28 ($US per Troy oz.); Platinum (NYM) shed $18.60 to close at $2,018.80 ($US per Troy oz.) and Copper (CMX) shed $0.06 to close at $3.90 ($US per lb.).
Livestock and Meat Markets (cents per lb.):
Lean Hogs (CME) gained 1.75 to close at 75.43; Pork Bellies (CME) gained 0.70 to close at 75.25; Live Cattle (CME) gained 0.78 to close at 92.88; Feeder Cattle (CME) shed 0.85 to close at 109.93.
Other Commodities (cents per bu.):
Corn (CBT) shed 6.25 to close the session at 601.50 and Soybeans (CBT) shed 4.00 to close the session at 1,385.50.
Bonds were higher across the board today:
2 year bond shed 1/32 at 99 4/32 with a Yield of 2.21, Yield Change +0.02; 5 year bond shed 5/32 to close at 97 27/32 with a Yield of 2.96, Yield Change +0.03; 10 year bond shed 12/32 to close at 98 2/32 with a Yield of 3.73, Yield Change +0.04; the 30 year bond shed 25/32 to close at 98 2/32 on the day with a Yield of 4.49, Yield Change +0.05.
The e-mini Dow $5 ended the commodity session today at 12,755 with a gain of 19 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.
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
