USA stock market daily report by Millenium Traders (May 4, 2009, Monday, 10.30 p.m. GMT)

Date: 4 May 2009

The markets held firmly in positive territory today at the hands of the angry Bulls, steering to move the markets higher. Trading action was mostly to the upside, with gains seen across the board. At the closing bell, the major U.S. indices posted a triple digit gain on the first Monday of the month of May. the gains were mostly attributed to the jump in pending home sales data. "This increase could be the leading edge of first-time buyers responding to very favorable affordability conditions and an $8,000 tax credit," said Lawrence Yun, chief economist for the National Association of Realtors. Throughout the trading session, Standard & Poor continuously hosted watch negative alerts on many banks today, well over 20 banks got the slash. Stress test results are expected out on banks, come Thursday. They were originally expected out today but, bank executives negotiations with the Treasury Department about preliminary findings prompted the delay until Thursday. President Barack Obama worked diligently today on making it more difficult for U.S. multinational companies to use overseas tax havens.

Economic data released today:

Construction Spending:
U.S. Construction Spending in March increased by 0.3% compared to consensus of a drop by 1.3%; U.S. February Construction Spending revised to a drop by 1.0% from a drop by 0.9%.

Pending Home Sales Index by the National Association if Realtors:
U.S. Pending Home Sales Index in March increased by 3.2%; U.S. March Pending Home Sales increased by 1.1% from March 2008.

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 gain 214.17 points, EOD 8,426.58
NYSE (New York Stock Exchange) triple digit gain 231.46 points, EOD 5,800.22
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 44.36 points, EOD 1,763.56
S&P 500 (SPX) gain 29.72 points, EOD 907.24
BEL 20 (BEL20) gain 40.12 points, EOD 1,993.47
CAC 40 (CAC40) gain 78.12 points, EOD 3,237.97
FTSE100 (UKX100) unchanged, EOD 4,243.22
NIKKEI 225 (NIK/O) unchanged, EOD 8,977.37

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,295, declined stock prices 387, unchanged stock prices 497, stock prices hitting new highs 17 and stock prices hitting new lows 9. 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: BKC: gain 1.06 points, HOD $18.21, LOD $17.48, EOD $17.89; WFC: gain 4.64 points, HOD $24.25, LOD $20.26, EOD $24.25; EOG: gain 5.96 points, HOD $72.16, LOD $66.28, EOD $72.04; CCC: shed 2.02 points, HOD $17.84, LOD $13.92, EOD $15.04; OSG: gain 3.08 points, HOD $37.35, LOD $33.96, EOD $36.10; POT: gain 5.76 points, HOD $96.43, LOD $92.06, EOD $96.27; ESI: shed 0.19 points, HOD $95.64, LOD $89.34, EOD $93.52; CME: gain 9.02 points, HOD $234.83, LOD $223.26, EOD $231.61; MA: gain 6.09 points, HOD $179.22, LOD $171.67, EOD $178.99; APA: gain 3.22 points, HOD $80.19, LOD $77.14, EOD $80.19.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,162, declined stock prices 656, unchanged stock prices 101, stock prices hitting new highs 34 and stock prices hitting new lows 12. 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: CYOU: gain 0.48 points, HOD $37.71, LOD $32.40, EOD $32.63; NAFC: gain 5.54 points, HOD $36.10, LOD $33.65, EOD $34.66; PSEM: gain 0.50 points, HOD $9.41, LOD $8.80, EOD $9.13; JOYG: gain 2.60 points, HOD $30.36, LOD $28.50, EOD $29.81; BIDU: gain 12.87 points, HOD $248.27, LOD $236.64, EOD $248.48; FSLR: gain 12.79 points, HOD $195.18, LOD $179.09, EOD $193.68; WYNN: gain 3.89 points, HOD $43.83, LOD $40.03, EOD $43.05.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 357, declined stock prices 169, unchanged stock prices 83, stock prices hitting new highs 8 and stock prices hitting new lows 2.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 903.25; Change 27.25
E-mini NASDAQ-100 (NQ) June 09: EOD 1,423; Change 24.50
E-mini DOW $5 (YM) June 09: EOD 8,365; Change 184
E-mini S&P MidCap 400 (MF) June 09: EOD 579.30; Change 21.70
Nikkei 225 (Yen) June 09; EOD 9,300; Change 190

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7462 to U.S. Dollars 1.3402
Japanese Yen 98.87 to U.S. Dollars 0.0101
British Pound 0.6663 to U.S. Dollars 1.5009
Canadian Dollar 1.1731 to U.S. Dollars 0.8524
Swiss Franc 1.1265 to U.S. Dollars 0.8877

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (June 09) gain $1.27, EOD $54.55 per barrel ($US per barrel)
Heating Oil (June 09) gain $0.05, EOD $1.43 a gallon ($US per gallon)
Natural Gas (June 09) gain $0.18, EOD $3.73 per million BTU ($US per mmbtu.)
Unleaded Gas (May 09) gain $0.07, EOD $1.59 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) gain $14.00, EOD $902.20 ($US per Troy ounce)
Silver (July 09) gain $0.1618, EOD $13.11 ($US per Troy ounce)
Platinum (July 09) gain $25.60, EOD $1,122 ($US per Troy ounce)
Copper (July 09) gain $0.04, EOD $2.14 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) shed 1.80, EOD 63.78
Pork Bellies (July 09) gain 0.68, EOD 78.80
Live Cattle (June 09) shed 0.23, EOD 81.88
Feeder Cattle (August 09) gain 0.23, EOD 98.68

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) shed 8.25, EOD 405.50
Soybeans (July 09) gain 12.50, EOD 1,104

BOND MARKET:

2 year EOD 99 28/32, change -2/32, Yield 0.93 Yield change 0.03
5 year EOD 99 8/32, change -3/32, Yield 2.03, Yield change 0.03
10 year EOD 96 119/32, change -1/32, Yield 3.15, Yield change 0
30 year EOD 90 10/32, change 4/32, Yield 4.06, Yield change -0.01

Latest USA Stock Market Reports

US stock market opening report (March 19, 2010, Friday)

European bourses opened in positive territory, led by financials as Lloyds said its trading has been strong in the first 10 weeks of 2010. However, equities came under pressure later in the session following concerns regarding Greece not being able to get financial aid from the EU. Also adding to volatility is the fact that it is quadruple witching day today. German 10-year government bund futures gained strength into the European open on the back of ongoing concern regarding failure of Greece to get aid from the EU that led to widening of Greek/German 10-year government bond yield spread.

US stock market, economy and companies update (March 19, 2010)
US equity markets traded higher in the premarket this morning, continuing the slow but steady rally seen this week and throughout the month of March. But India's surprise rate hike just after the US open sparked sudden moves in FX markets and a wave of risk aversion(keep in mind that today is quadruple witching as well), with investors heading into the safe harbor of the greenback. Front-month crude has rapidly shed $1.50, giving up gains seen over the last two sessions while gold prices plunged $20. Initially US Treasury prices traded lower as focus shifted to next week's $108B in coupon supply, but risk aversion has been present there too pulling bids into the long end of the curve especially. The 10-year yield briefly ticked above 3.7% but has settled back towards 3.67%.

US stock market daily report. (March 18, 2010, Thursday)

Congressional Budget Office announced they estimate that the Democrats' revised health care bill will cost $940 billion over the next 10 years. If the bill is passed, it will be a 10-year plan that would provide coverage to around 32 million people who are currently uninsured. It would guarantee that 95% of Americans will be covered, it would also reduce Medicare expenses by 1.4%. The bill would cut the deficit by $130 billion during the first decade. And it would reduce the deficit by another $1.2 trillion in the following decade. In the future, the bill would put new obligations on business and individuals, requiring for the first time that most Americans carry health insurance and penalizing medium-sized and large companies that don't provide coverage for their workers. For the bill to be passed, first, the House will have to approve a Senate bill that many of its Democratic members object to and after that both chambers will quickly pass a package of fixes agreed to in negotiations with the White House. Democrats will promise 72 hours for everyone, including the public to look over the new piece of legislation, that would push back a House vote until Sunday at the earliest. In other news, Greece announced Thursday that it will be forced to tap the International Monetary Fund if the European Union can't make a decision by next week. Many feel if they go outside of the 16-nation euro zone, it could continue to help weaken the euro. Stocks rose for the eighth day in a row today. Helping with today's increases, was news from the Conference Board, who announced that leading economic indicators rose 0.1% in February, after rising 0.3% the month prior; analysts predictions were in line with the reading. Commodity prices fell, gold rose $3.40 to $1,127.40 and crude oil fell $0.73 to $82.20.

USA Stocks Recommendations

Intel Corp. (Nasdaq:INTC) is poised to top estimates over the next two quarters, 8 September 2009
Intel Corp. (Nasdaq: INTC) is a cyclical company. That is, its stock does extremely well when the economy is ready to accelerate, and does poorly when the economy decelerates. So it’s no wonder that last year the stock fell more than 50% from the record-high of $27.78 a share it reached December 2007. However, the company has rallied more than 50% from its Feb. 23 low of $12.08 a share. It closed Friday at $19.64.

Verint Systems price target reduced, 7 December 2007
RBC Capital Markets reduced its price target on Verint Systems from $34 to $25.

Thomas Weisel upgraded Intel to "overweight", 6 December 2007
Thomas Weisel Partners analyst Kevin Cassidy lifted price target on Intel shares from $28 to $33 per share, citing an expected jump in computer demand during 2008.

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