MTdailynews
01-26-2009, 06:14 PM
Daily Market Commentary for January 26, 2009 from Millennium-Traders.Com (http://www.millennium-traders.com)
Laugh of the Day: Citigroup is proceeding with the purchase of a $50M Dassault Falcon 7X corporate Jet even after receiving TARP funds. (read more (http://www.millennium-traders.com/news/newscommentary.aspx))
Economic data released today:
Existing Home Sales:
U.S. December Existing Home Sales rose 6.5% to 4.74 Million rate; U.S. December Existing Home Sales consensus 4.40 Million Rate; U.S. Inventory Of Unsold US Homes at 9.3 Months Supply; U.S. December Median Existing Home Price fell 15.3% on the year to $175,400.
Leading Indicators:
U.S. Conference Board December Leading Index rose by 0.3%; U.S. Conference Board December Coincident Index fell by 0.5%; U.S. Conference Board December Lagging Index fell by 0.4%.
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) gain of 38.47 points to end the trading session at 8,116.03
NYSE (New York Stock Exchange) gain of 49.06 points to end the trading session at 5,244.61
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 12.17 points to end the trading session at 1,489.46
S&P 500 (SPX) gain of 4.62 points to end the trading session at 836.57
BEL 20 (BEL20) gain of 49.84 points to end the trading session at 1,884.03
CAC 40 (CAC40) triple digit gain of 106.23 points to end the trading session at 2,955.37
FTSE100 (UKX100) triple digit gain of 156.54 points to end the trading session at 4,209.01
NIKKEI 225 (NIK/O) loss of 63.11 points at the end the trading session at 7,682.14
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,077, declined stock prices 1,040, unchanged stock prices 76, stock prices hitting new highs 6 and stock prices hitting new lows 45. 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: JPMorgan Chase & Company (NYSE: JPM) stock price gained 0.22 points on the trading session, high on the trading session $25.75, low on the trading session $23.74, with a closing stock price at $24.50; ITT Educational Services Incorporated (NYSE: ESI) stock price shed 9.19 points on the trading session, high on the trading session $124.63, low on the trading session $108.80, with a closing stock price at $117.02; Deere & Company (NYSE: DE) stock price shed 1.30 points on the trading session, high on the trading session $37.05, low on the trading session $34.60, with a closing stock price at $35.32; Eaton Corporation (NYSE: ETN) stock price shed 0.78 points on the trading session, high on the trading session $45.89, low on the trading session $43.50, with a closing stock price at $44.55; Rohm and Haas Company (NYSE: ROH) stock price shed 8.72 points on the trading session, high on the trading session $59.38, low on the trading session $53.56, with a closing stock price at $57.10; American Express Company (NYSE: AXP) stock price shed 0.80 points on the trading session, high on the trading session $16.35, low on the trading session $15.01, with a closing stock price at $15.20; AFLAC Incorporated (NYSE: AFL) stock price shed 4.87 points on the trading session, high on the trading session $25.09, low on the trading session $19.35, with a closing stock price at $19.62; Caterpillar Incorporated (NYSE: CAT) stock price shed 2.99 points on the trading session, high on the trading session $34.24, low on the trading session $31.70, with a closing stock price at $32.67; Danaher Corporation (NYSE: DHR) stock price gained 4.77 points on the trading session, high on the trading session $57.12, low on the trading session $53.32, with a closing stock price at $56.2; Hess Corporation (NYSE: HES) stock price gained 2.46 points on the trading session, high on the trading session $62.18, low on the trading session $57.57, with a closing stock price at $60.00; ProShares Ultrashort Financials (NYSE: SKF) stock price gained 4.52 points on the trading session, high on the trading session $168.61, low on the trading session $146.72, with a closing stock price at $163.30; Direxion Financial Bear (NYSE: FAZ) stock price gained 2.56 points on the trading session, high on the trading session $65.87, low on the trading session $53.78, with a closing stock price at $62.93; MasterCard Incorporated (NYSE: MA) stock price shed 2.33 points on the trading session, high on the trading session $128.67, low on the trading session $121.56, with a closing stock price at $123.12; CME Group Incorporated (NYSE: CME) stock price shed 2.16 points on the trading session, high on the trading session $176.00, low on the trading session $162.77, with a closing stock price at $166.58; ProShares Ultrashort S&P 500 (NYSE: SDS) stock price shed 0.90 points on the trading session, high on the trading session $81.69, low on the trading session $76.75, with a closing stock price at $80.21.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,745, declined stock prices 1,046, unchanged stock prices 149, stock prices hitting new highs 8 and stock prices hitting new lows 103. 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: Baidu Incorporated (NasdaqGS: BIDU) stock price shed 3.62 points on the trading session, high on the trading session $119.30, low on the trading session $112.94, with a closing stock price at $115.57.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 293472, declined stock prices 219, unchanged stock prices 69, stock prices hitting new highs 3 and stock prices hitting new lows 10.
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 831.50; Change for the trading session 8.00
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,178.75; Change for the trading session 14.50
E-mini DOW $5 (YM) Mar 09: End of trading session price 8,041; Change for the trading session 68
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 501.60; Change for the trading session 6.20
E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 7,780; Change for the trading session 35
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7596 to U.S. Dollars 1.3165
Japanese Yen 89.020 to U.S. Dollars 0.0112
British Pound 0.7162 to U.S. Dollars 1.3963
Canadian Dollar 1.2331 to U.S. Dollars 0.8176
Swiss Franc 1.1380 to U.S. Dollars 0.8787
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 09) shed $0.74 on the trading session for a closing price of $45.73 per barrel ($US per barrel)
Heating Oil (March 09) shed $0.02 on the trading session for a closing price of $1.42 a gallon ($US per gallon)
Natural Gas (March 09) shed $0.04 on the trading session for a closing price of $4.45 per million BTU ($US per mmbtu.)
Unleaded Gas (February 09) no change on the trading session for a closing price of $1.15 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (February 09) gained $13.00 on the trading session for a closing price of $910.70 ($US per Troy ounce)
Silver (March 09) gained $0.17 on the trading session for a closing price of $12.11 ($US per Troy ounce)
Platinum (April 09) gained $15.90 on the trading session for a closing price of $971.50 ($US per Troy ounce)
Copper (March 09) gained $0.11 on the trading session for a closing price of $1.59 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 09) shed 1.63 on the trading session for a closing price of 62.78
Pork Bellies (February 09) shed 0.15 on the trading session for a closing price of 80.60
Live Cattle (April 09) shed 0.20 on the trading session for a closing price of 85.60
Feeder Cattle (March 09) shed 1.03 on the trading session for a closing price of 91.73
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) gained 3.25 on the trading session for a closing price of 393.75
Soybeans (March 09) no change on the trading session for a closing price of 1,009.00
BOND MARKET:
2 year Bond Closing price 100 2/32, change -1/32, Yield 0.83, Yield change 0.02
5 year Bond closing price of 99 9/32, change -3/32, Yield 1.65, Yield change 0.02
10 year Bond closing price 109 14/32, change -9/32, Yield 2.64, Yield change 0.03
30 year Bond closing price 120 20/32, change -1 9/32, Yield 3.38, Yield change 0.06
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 (http://www.millennium-traders.com)
Laugh of the Day: Citigroup is proceeding with the purchase of a $50M Dassault Falcon 7X corporate Jet even after receiving TARP funds. (read more (http://www.millennium-traders.com/news/newscommentary.aspx))
Economic data released today:
Existing Home Sales:
U.S. December Existing Home Sales rose 6.5% to 4.74 Million rate; U.S. December Existing Home Sales consensus 4.40 Million Rate; U.S. Inventory Of Unsold US Homes at 9.3 Months Supply; U.S. December Median Existing Home Price fell 15.3% on the year to $175,400.
Leading Indicators:
U.S. Conference Board December Leading Index rose by 0.3%; U.S. Conference Board December Coincident Index fell by 0.5%; U.S. Conference Board December Lagging Index fell by 0.4%.
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) gain of 38.47 points to end the trading session at 8,116.03
NYSE (New York Stock Exchange) gain of 49.06 points to end the trading session at 5,244.61
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 12.17 points to end the trading session at 1,489.46
S&P 500 (SPX) gain of 4.62 points to end the trading session at 836.57
BEL 20 (BEL20) gain of 49.84 points to end the trading session at 1,884.03
CAC 40 (CAC40) triple digit gain of 106.23 points to end the trading session at 2,955.37
FTSE100 (UKX100) triple digit gain of 156.54 points to end the trading session at 4,209.01
NIKKEI 225 (NIK/O) loss of 63.11 points at the end the trading session at 7,682.14
New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,077, declined stock prices 1,040, unchanged stock prices 76, stock prices hitting new highs 6 and stock prices hitting new lows 45. 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: JPMorgan Chase & Company (NYSE: JPM) stock price gained 0.22 points on the trading session, high on the trading session $25.75, low on the trading session $23.74, with a closing stock price at $24.50; ITT Educational Services Incorporated (NYSE: ESI) stock price shed 9.19 points on the trading session, high on the trading session $124.63, low on the trading session $108.80, with a closing stock price at $117.02; Deere & Company (NYSE: DE) stock price shed 1.30 points on the trading session, high on the trading session $37.05, low on the trading session $34.60, with a closing stock price at $35.32; Eaton Corporation (NYSE: ETN) stock price shed 0.78 points on the trading session, high on the trading session $45.89, low on the trading session $43.50, with a closing stock price at $44.55; Rohm and Haas Company (NYSE: ROH) stock price shed 8.72 points on the trading session, high on the trading session $59.38, low on the trading session $53.56, with a closing stock price at $57.10; American Express Company (NYSE: AXP) stock price shed 0.80 points on the trading session, high on the trading session $16.35, low on the trading session $15.01, with a closing stock price at $15.20; AFLAC Incorporated (NYSE: AFL) stock price shed 4.87 points on the trading session, high on the trading session $25.09, low on the trading session $19.35, with a closing stock price at $19.62; Caterpillar Incorporated (NYSE: CAT) stock price shed 2.99 points on the trading session, high on the trading session $34.24, low on the trading session $31.70, with a closing stock price at $32.67; Danaher Corporation (NYSE: DHR) stock price gained 4.77 points on the trading session, high on the trading session $57.12, low on the trading session $53.32, with a closing stock price at $56.2; Hess Corporation (NYSE: HES) stock price gained 2.46 points on the trading session, high on the trading session $62.18, low on the trading session $57.57, with a closing stock price at $60.00; ProShares Ultrashort Financials (NYSE: SKF) stock price gained 4.52 points on the trading session, high on the trading session $168.61, low on the trading session $146.72, with a closing stock price at $163.30; Direxion Financial Bear (NYSE: FAZ) stock price gained 2.56 points on the trading session, high on the trading session $65.87, low on the trading session $53.78, with a closing stock price at $62.93; MasterCard Incorporated (NYSE: MA) stock price shed 2.33 points on the trading session, high on the trading session $128.67, low on the trading session $121.56, with a closing stock price at $123.12; CME Group Incorporated (NYSE: CME) stock price shed 2.16 points on the trading session, high on the trading session $176.00, low on the trading session $162.77, with a closing stock price at $166.58; ProShares Ultrashort S&P 500 (NYSE: SDS) stock price shed 0.90 points on the trading session, high on the trading session $81.69, low on the trading session $76.75, with a closing stock price at $80.21.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,745, declined stock prices 1,046, unchanged stock prices 149, stock prices hitting new highs 8 and stock prices hitting new lows 103. 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: Baidu Incorporated (NasdaqGS: BIDU) stock price shed 3.62 points on the trading session, high on the trading session $119.30, low on the trading session $112.94, with a closing stock price at $115.57.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 293472, declined stock prices 219, unchanged stock prices 69, stock prices hitting new highs 3 and stock prices hitting new lows 10.
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 831.50; Change for the trading session 8.00
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,178.75; Change for the trading session 14.50
E-mini DOW $5 (YM) Mar 09: End of trading session price 8,041; Change for the trading session 68
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 501.60; Change for the trading session 6.20
E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 7,780; Change for the trading session 35
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7596 to U.S. Dollars 1.3165
Japanese Yen 89.020 to U.S. Dollars 0.0112
British Pound 0.7162 to U.S. Dollars 1.3963
Canadian Dollar 1.2331 to U.S. Dollars 0.8176
Swiss Franc 1.1380 to U.S. Dollars 0.8787
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 09) shed $0.74 on the trading session for a closing price of $45.73 per barrel ($US per barrel)
Heating Oil (March 09) shed $0.02 on the trading session for a closing price of $1.42 a gallon ($US per gallon)
Natural Gas (March 09) shed $0.04 on the trading session for a closing price of $4.45 per million BTU ($US per mmbtu.)
Unleaded Gas (February 09) no change on the trading session for a closing price of $1.15 a gallon ($US per gallon)
Metals Markets - Comex:
Gold (February 09) gained $13.00 on the trading session for a closing price of $910.70 ($US per Troy ounce)
Silver (March 09) gained $0.17 on the trading session for a closing price of $12.11 ($US per Troy ounce)
Platinum (April 09) gained $15.90 on the trading session for a closing price of $971.50 ($US per Troy ounce)
Copper (March 09) gained $0.11 on the trading session for a closing price of $1.59 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 09) shed 1.63 on the trading session for a closing price of 62.78
Pork Bellies (February 09) shed 0.15 on the trading session for a closing price of 80.60
Live Cattle (April 09) shed 0.20 on the trading session for a closing price of 85.60
Feeder Cattle (March 09) shed 1.03 on the trading session for a closing price of 91.73
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) gained 3.25 on the trading session for a closing price of 393.75
Soybeans (March 09) no change on the trading session for a closing price of 1,009.00
BOND MARKET:
2 year Bond Closing price 100 2/32, change -1/32, Yield 0.83, Yield change 0.02
5 year Bond closing price of 99 9/32, change -3/32, Yield 1.65, Yield change 0.02
10 year Bond closing price 109 14/32, change -9/32, Yield 2.64, Yield change 0.03
30 year Bond closing price 120 20/32, change -1 9/32, Yield 3.38, Yield change 0.06
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 (http://www.millennium-traders.com)