Daily Market Commentary for November 14, 2008 from Millennium-Traders.Com
During the upcoming weekend, world leaders from the Group of 20 consisting of the United States, members of the European Union, China, Saudi Arabia and Brazil, will be meeting in Washington for a summit on the current global economic crisis, in an effort to help right the economy. (read more)
Economic data released today:
Import and Export Prices: U.S. October Import Prices fell 4.7 percent compared to consensus of a drop by 4.0 percent; U.S. October Non-Petroleum Import Prices fell 0.9 percent; U.S. October Petroleum Import Prices fell 16.7 percent.
Retail Sales: U.S. October Retail & Food Sales fell 2.8 percent as compared to consensus of a drop by 2.4 percent; U.S. October Retail & Food Sales Excluding-Autos fell 2.2 percent; U.S. September Retail & Food Sales Revised to a drop by 1.3 percent from a drop by 1.2 percent.
Business Inventories: U.S. September Business Inventories fell 0.2 percent compared to expected drop by 0.1 percent.
Consumer Sentiment: University of Michigan Consumer Sentiment Mid-November Current Index came in at 61.4 compared to reading in October of 58.4; University of Michigan Consumer Sentiment Mid-November Expectations came in at 55.7 compared to reading in October of 57.0; University of Michigan Consumer Sentiment 12-Month Inflation Forecast rose 2.9 percent compared to increase in October of 3.9 percent; University of Michigan Consumer Sentiment 5-Year Inflation Forecast rose 2.9 percent compared to increase in October of 2.9 percent; University of Michigan Consumer Sentiment Mid-November Sentiment came in at 57.9 compared to reading in October of 57.6.
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) triple digit loss of 337.94 points to end the trading session at 8,497.31
NYSE (New York Stock Exchange) triple digit loss of 263.16 points to end the trading session at 5,452.63
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 79.85 points to end the trading session at 1,516.85
S&P 500 (SPX) loss of 38.00 points to end the trading session at 873.29
FTSE All-World Index data excluding U.S. (AW01UK) loss of 2.86 points to end the trading session at 142.11
FTSE RAFI 1000 triple digit loss of 147.89 points to end the trading session at 3,336.53
BEL 20 (BEL20) gain of 24.53 points to end the trading session at 2,087.35
CAC 40 (CAC40) gain of 22.01 points to end the trading session at 3,291.47
FTSE100 (UKX100) gain of 63.76 points to end the trading session at 4,232.97
NIKKEI 225 (NIK/O) triple digit gain of 223.75 points to end the trading session at 8,462.39
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 649, declined stock prices 2,541; unchanged stock prices 71; stock prices hitting new highs 2 and stock prices hitting new lows 124. 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: Nordstrom Incorporated (NYSE: JWN) stock price shed 1.22 points on the trading session, high on the trading session $13.20, low on the trading session $11.74 with a closing stock price at $11.74; Solera Holdings Incorporated (NYSE: SLH) stock price shed 5.65 points on the trading session, high on the trading session $22.98, low on the trading session with a closing stock price at $18.25; Travelers Companies Incorporated (NYSE: TRV) stock price shed 1.54 points on the trading session, high on the trading session $44.03, low on the trading session $41.13 with a closing stock price at $41.88; State Street Corporation (NYSE: STT) stock price shed 3.34 points on the trading session, high on the trading session $42.29, low on the trading session $38.37 with a closing stock price at $38.89; ITC Holdings Corporation (NYSE: ITC) stock price shed 4.52 points on the trading session, high on the trading session $47.00, low on the trading session $42.29 with a closing stock price at $43.06; Potash Corporation (NYSE: POT) stock price shed 4.38 points on the trading session, high on the trading session $74.48, low on the trading session $69.81 with a closing stock price at $69.81; Sunoco Incorporated (NYSE: SUN) stock price gained 1.96 points on the trading session, high on the trading session $39.79, low on the trading session $34.58 with a closing stock price at $37.97; Abercrombie & Fitch Corporation (NYSE: ANF) stock price shed 4.65 points on the trading session, high on the trading session $23.17, low on the trading session $17.73 with a closing stock price at $17.79; Rio Tinto (NYSE: RTP) stock price shed 16.82 points on the trading session, high on the trading session $164.27, low on the trading session $149.80 with a closing stock price at $149.80; LaSalle Hotel Properties Incorporated (NYSE: LHO) stock price shed 1.93 points on the trading session, high on the trading session $9.51, low on the trading session $8.28 with a closing stock price at $9.02.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 577; declined stock prices 2,294; unchanged stock prices 105; stock prices hitting new highs 4; stock prices hitting new lows 222. 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: Intuitive Surgical Incorporated (NasdaqGS: ISRG) stock price shed 11.67 points on the trading session, high on the trading session $164.49; low on the trading session $148.14 with a closing stock price at $147.97; Google Incorporated (NasdaqGS: GOOG) stock price shed 5.08 points on the trading session, high on the trading session $324.99; low on the trading session $302.56 with a closing stock price at $307.00.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 308; declined stock prices 489; unchanged stock prices 92; stock prices hitting new highs n/a and stock prices hitting new lows 61.
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 trading session price 860.50 change -47.25
E-mini NASDAQ-100 (NQ) end of trading session price 1,155.25 change -79.25
E-mini S&P SmallCap 600 (SMP) end of trading session price 242.10 change -19.90
$5 DJIA (YM) end of trading session price 8,357 change -473
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7893 to U.S. Dollars 1.2670
Japanese Yen 97.010 to U.S. Dollars 0.0103
British Pound 0.6781 to U.S. Dollars 1.4748
Canadian Dollar 1.2272 to U.S. Dollars 0.8149
Swiss Franc 1.1918 to U.S. Dollars 0.8391
Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $1.20 on the trading session for a closing price of $57.04 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.04 on the trading session for a closing price of $1.86 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.02 on the trading session for a closing price of $6.46 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.06 on the trading session for a closing price of $1.24 a gallon ($US per gallon)
Metals Markets:
Gold Market Price (COMEX: CMX) gained $37.50 on the trading session for a closing price of $742.50 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.69 on the trading session for a closing price of $9.49 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $32.10 on the trading session for a closing price of $845.10 ($US per Troy ounce)
Copper (COMEX: CMX) gained $0.09 on the trading session for a closing price of $1.72 ($US per pound)
Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 0.63 on the trading session for a closing price of 62.58
Pork Bellies (Chicago Mercantile Exchange: CME) gained 0.05 on the trading session for a closing price of 85.30
Live Cattle (Chicago Mercantile Exchange: CME) shed 1.05 on the trading session for a closing price of 90.68
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 1.10 on the trading session for a closing price of 95.28
Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 3.25 on the trading session for a closing price of 380.25
Soybeans (Chicago Board of Trade: CBT) gained 2.00 on the trading session for a closing price of 896.00
Bond Market:.
2 year bond gained 2/32 on the trading session for a closing price of 100 18/32 with a Yield of 1.21, Yield Change -0.03
5 year bond gained 20/32 on the trading session for a closing price of 102 2/32 with a Yield of 2.31, Yield Change -0.12
10 year bond gained 1 7/32 on the trading session for a closing price of 100 8/32 with a Yield of 3.74, Yield Change -0.22
30 year bond gained 1 20/32 on the trading session for a closing price of 104 25/32 with a Yield of 4.21, Yield Change -0.14
At the close of the week, performance results for our Moderators:
Stocks Trading Room:
Jeannie $10,344
Barry $10,920
Sam $5,622
Futures Trading Room:
JT $7,960
James $3,440
Forex Trading Room:
JT $34,750
Daily Swing Trades:
Barry $10,730
Thanks for reading
Millennium-Traders.Com
During the upcoming weekend, world leaders from the Group of 20 consisting of the United States, members of the European Union, China, Saudi Arabia and Brazil, will be meeting in Washington for a summit on the current global economic crisis, in an effort to help right the economy. (read more)
Economic data released today:
Import and Export Prices: U.S. October Import Prices fell 4.7 percent compared to consensus of a drop by 4.0 percent; U.S. October Non-Petroleum Import Prices fell 0.9 percent; U.S. October Petroleum Import Prices fell 16.7 percent.
Retail Sales: U.S. October Retail & Food Sales fell 2.8 percent as compared to consensus of a drop by 2.4 percent; U.S. October Retail & Food Sales Excluding-Autos fell 2.2 percent; U.S. September Retail & Food Sales Revised to a drop by 1.3 percent from a drop by 1.2 percent.
Business Inventories: U.S. September Business Inventories fell 0.2 percent compared to expected drop by 0.1 percent.
Consumer Sentiment: University of Michigan Consumer Sentiment Mid-November Current Index came in at 61.4 compared to reading in October of 58.4; University of Michigan Consumer Sentiment Mid-November Expectations came in at 55.7 compared to reading in October of 57.0; University of Michigan Consumer Sentiment 12-Month Inflation Forecast rose 2.9 percent compared to increase in October of 3.9 percent; University of Michigan Consumer Sentiment 5-Year Inflation Forecast rose 2.9 percent compared to increase in October of 2.9 percent; University of Michigan Consumer Sentiment Mid-November Sentiment came in at 57.9 compared to reading in October of 57.6.
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) triple digit loss of 337.94 points to end the trading session at 8,497.31
NYSE (New York Stock Exchange) triple digit loss of 263.16 points to end the trading session at 5,452.63
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 79.85 points to end the trading session at 1,516.85
S&P 500 (SPX) loss of 38.00 points to end the trading session at 873.29
FTSE All-World Index data excluding U.S. (AW01UK) loss of 2.86 points to end the trading session at 142.11
FTSE RAFI 1000 triple digit loss of 147.89 points to end the trading session at 3,336.53
BEL 20 (BEL20) gain of 24.53 points to end the trading session at 2,087.35
CAC 40 (CAC40) gain of 22.01 points to end the trading session at 3,291.47
FTSE100 (UKX100) gain of 63.76 points to end the trading session at 4,232.97
NIKKEI 225 (NIK/O) triple digit gain of 223.75 points to end the trading session at 8,462.39
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 649, declined stock prices 2,541; unchanged stock prices 71; stock prices hitting new highs 2 and stock prices hitting new lows 124. 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: Nordstrom Incorporated (NYSE: JWN) stock price shed 1.22 points on the trading session, high on the trading session $13.20, low on the trading session $11.74 with a closing stock price at $11.74; Solera Holdings Incorporated (NYSE: SLH) stock price shed 5.65 points on the trading session, high on the trading session $22.98, low on the trading session with a closing stock price at $18.25; Travelers Companies Incorporated (NYSE: TRV) stock price shed 1.54 points on the trading session, high on the trading session $44.03, low on the trading session $41.13 with a closing stock price at $41.88; State Street Corporation (NYSE: STT) stock price shed 3.34 points on the trading session, high on the trading session $42.29, low on the trading session $38.37 with a closing stock price at $38.89; ITC Holdings Corporation (NYSE: ITC) stock price shed 4.52 points on the trading session, high on the trading session $47.00, low on the trading session $42.29 with a closing stock price at $43.06; Potash Corporation (NYSE: POT) stock price shed 4.38 points on the trading session, high on the trading session $74.48, low on the trading session $69.81 with a closing stock price at $69.81; Sunoco Incorporated (NYSE: SUN) stock price gained 1.96 points on the trading session, high on the trading session $39.79, low on the trading session $34.58 with a closing stock price at $37.97; Abercrombie & Fitch Corporation (NYSE: ANF) stock price shed 4.65 points on the trading session, high on the trading session $23.17, low on the trading session $17.73 with a closing stock price at $17.79; Rio Tinto (NYSE: RTP) stock price shed 16.82 points on the trading session, high on the trading session $164.27, low on the trading session $149.80 with a closing stock price at $149.80; LaSalle Hotel Properties Incorporated (NYSE: LHO) stock price shed 1.93 points on the trading session, high on the trading session $9.51, low on the trading session $8.28 with a closing stock price at $9.02.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 577; declined stock prices 2,294; unchanged stock prices 105; stock prices hitting new highs 4; stock prices hitting new lows 222. 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: Intuitive Surgical Incorporated (NasdaqGS: ISRG) stock price shed 11.67 points on the trading session, high on the trading session $164.49; low on the trading session $148.14 with a closing stock price at $147.97; Google Incorporated (NasdaqGS: GOOG) stock price shed 5.08 points on the trading session, high on the trading session $324.99; low on the trading session $302.56 with a closing stock price at $307.00.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 308; declined stock prices 489; unchanged stock prices 92; stock prices hitting new highs n/a and stock prices hitting new lows 61.
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 trading session price 860.50 change -47.25
E-mini NASDAQ-100 (NQ) end of trading session price 1,155.25 change -79.25
E-mini S&P SmallCap 600 (SMP) end of trading session price 242.10 change -19.90
$5 DJIA (YM) end of trading session price 8,357 change -473
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7893 to U.S. Dollars 1.2670
Japanese Yen 97.010 to U.S. Dollars 0.0103
British Pound 0.6781 to U.S. Dollars 1.4748
Canadian Dollar 1.2272 to U.S. Dollars 0.8149
Swiss Franc 1.1918 to U.S. Dollars 0.8391
Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $1.20 on the trading session for a closing price of $57.04 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.04 on the trading session for a closing price of $1.86 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.02 on the trading session for a closing price of $6.46 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.06 on the trading session for a closing price of $1.24 a gallon ($US per gallon)
Metals Markets:
Gold Market Price (COMEX: CMX) gained $37.50 on the trading session for a closing price of $742.50 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.69 on the trading session for a closing price of $9.49 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $32.10 on the trading session for a closing price of $845.10 ($US per Troy ounce)
Copper (COMEX: CMX) gained $0.09 on the trading session for a closing price of $1.72 ($US per pound)
Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 0.63 on the trading session for a closing price of 62.58
Pork Bellies (Chicago Mercantile Exchange: CME) gained 0.05 on the trading session for a closing price of 85.30
Live Cattle (Chicago Mercantile Exchange: CME) shed 1.05 on the trading session for a closing price of 90.68
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 1.10 on the trading session for a closing price of 95.28
Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 3.25 on the trading session for a closing price of 380.25
Soybeans (Chicago Board of Trade: CBT) gained 2.00 on the trading session for a closing price of 896.00
Bond Market:.
2 year bond gained 2/32 on the trading session for a closing price of 100 18/32 with a Yield of 1.21, Yield Change -0.03
5 year bond gained 20/32 on the trading session for a closing price of 102 2/32 with a Yield of 2.31, Yield Change -0.12
10 year bond gained 1 7/32 on the trading session for a closing price of 100 8/32 with a Yield of 3.74, Yield Change -0.22
30 year bond gained 1 20/32 on the trading session for a closing price of 104 25/32 with a Yield of 4.21, Yield Change -0.14
At the close of the week, performance results for our Moderators:
Stocks Trading Room:
Jeannie $10,344
Barry $10,920
Sam $5,622
Futures Trading Room:
JT $7,960
James $3,440
Forex Trading Room:
JT $34,750
Daily Swing Trades:
Barry $10,730
Thanks for reading
Millennium-Traders.Com
