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USA stock market daily report by Millenium Traders (May 13, 2009, Wednesday, 10.30 p.m. GMT)

Weak retail sales set the stage early on as the government reported that consumers continue to spend 'grudgingly'. Trading activity was to the down side for the major U.S. indices, beginning during the pre-market trading session. Triple digit losses were seen by the DOW and the NYSE. The report of retail sales was the seventh consecutive drop which is the longest stretch in seven years. Selling pressure was strong across the board raising eyebrows as to whether the bottom has been tapped, or not. Day three of the week and today was the second loss by the DOW of over 150 points. During the month of April, one out of every 374 households in the United States were issued a foreclosure notice. The number of foreclosure notices in April was in excess of 342,000. Household repossessions reached a peak of 63,903 during the month of April. Since the housing crisis began last fall, over 1.3 million homeowners lost their homes to foreclosure. The highest foreclosure rate was felt in Nevada with one out of every 68 receiving a foreclosure filing. The city of Las Vega toped the mark of foreclosures with one in every 56 households receiving a foreclosure filing. Next highest metro area was in Florida, Cape Coral - Fort Myers with one in every 57 households receiving a foreclosure filing. Florida filings were one in every 135 households receiving foreclosure filings. California had one in every 138 households received a foreclosure filing. As investors looked for a safe haven, they reached toward the Treasury note which fell to 3.105% from 3.175% yesterday.

Comments from Treasury Secretary Timothy Geithner: Strong oversight needed for derivatives markets; requirements for large firms must be improved; large part of financial adjustment already behind us; housing recovery will take time; 'welcome signs' in housing market; new securities issuance starting to revive; lending conditions improving; systemic risk concerns have diminished; financial system starting to heal; Treasury plans to offer smaller banks more TARP capital.

Economic data released today:

Retail Sales:
U.S. March Retail & Food Sales revised to a drop by 1.3% from a drop by 1.2%; U.S. April Retail & Food Sales Excluding-Autos fell 0.5%; U.S. April Retail & Food Sales fell 0.4% compared to consensus of an increase by 0.1%.

Import and Export Prices:
U.S. April Petroleum Import Prices rose 15.4%; U.S. April Non-Petroleum Import Prices fell 0.4%; U.S. April Import Prices rose 1.6% compared to consensus of an increase by 0.7%.

Business Inventories:
U.S. March Business Inventories fell 1.0% compared to expectations of a drop by 1.2%.

Energy Information Administration (EIA) released Petroleum Status Report:
U.S. Crude Oil Stockpiles fell 4.7 Million Barrels at 370.6 Million Barrels; U.S. Gasoline Stockpiles fell 4.1 Million Barrels at 208.3 Million Barrels; U.S. Distillate Stockpiles increased by 1.0 Million Barrels at 147.5 Million Barrels; U.S. Refineries ran at 83.7% versus 85.3% week ago; U.S. Gasoline Stockpiles fell 4.1 Million Barrels in week, seen unchanged; U.S. Distillate Stockpiles increased by 1 Million Barrels in week compared to expectations of an increase by 1.3 Million Barrels; U.S. Refineries ran at 83.7% capacity compared to expectations of an increase by 0.1 point at 85.4%.

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) triple digit loss 184.22 points, EOD 8,284.89
NYSE (New York Stock Exchange) triple digit loss 192.67 points, EOD 5,666.47
National Association of Securities Dealers Automated Quotations (NASDAQ) loss 51.73 points, EOD 1,664.19
S&P 500 (SPX) loss 24.43 points, EOD 883.92
BEL 20 (BEL20) loss 33.08 points, EOD 2,016.37
CAC 40 (CAC40) loss 78.20 points, EOD 3,152.90
FTSE100 (UKX100) loss 94.17 points, EOD 4,331.37
NIKKEI 225 (NIK/O) gain 41.88 points, EOD 9,340.49

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 281, declined stock prices 2,426, unchanged stock prices 468, stock prices hitting new highs 3 and stock prices hitting new lows 17. 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: RTP: shed 15.28 points, HOD $155.73, LOD $149.50, EOD $150.92; CME: gain 17.66 points, HOD $280.48, LOD $253, EOD $276.14; POT: gain 1.76 points, HOD $105.44, LOD $100.06, EOD $102.63; MOS: shed 1.33 points, HOD $49.25, LOD $45.63, EOD $46.34; CLF: shed 5.71 points, HOD $25.90, LOD $22.84, EOD $23.18; BMC: shed 2.63 points, HOD $33.42, LOD $32.05, EOD $32.42; DPS: gain 0.81 points, HOD $23.25, LOD $21.44, EOD $22.07; TDW: shed 2.12 points, HOD $47.87, LOD $43.94, EOD $44.14; BBT: shed 0.98 points, HOD $22.18, LOD $20.23, EOD $21.52; SKF: gain 4.34 points, HOD $49.45, LOD $46.23, EOD $48.82; PRU: shed 2.29 points, HOD $39.75, LOD $36.61, EOD $37.02; DE: shed 2.30 points, HOD $43.07, LOD $40.82, EOD $41.41; ICE: gain 0.09 points, HOD $101.50, LOD $93.22, EOD $96.59.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 417, declined stock prices 2,353 unchanged stock prices 111, stock prices hitting new highs 11 and stock prices hitting new lows 14. 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: FSLR: shed 11.63 points, HOD $197.25, LOD $188.78, EOD $179.02; NCMI: shed 2.33 points, HOD $13.98, LOD $11.62, EOD $12.40; ISRG: shed 4.74 points, HOD $155.43, LOD $151, EOD $152.24; MDCO: shed 4.03 points, HOD $7.70, LOD $6.15, EOD $7.11; GOOG: shed 9.47 points, HOD $396.39, LOD $388.35, EOD $389.54.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 136, declined stock prices 382, unchanged stock prices 77, stock prices hitting new highs 5 and stock prices hitting new lows 4.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 885.25; Change -21.50
E-mini NASDAQ-100 (NQ) June 09: EOD 1,344.75; Change -40.25
E-mini DOW $5 (YM) June 09: EOD 8,296; Change -140
E-mini S&P MidCap 400 (MF) June 09: EOD 544.40; Change -22.80
Nikkei 225 (Yen) June 09; EOD 9,090; Change -240

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7358 to U.S. Dollars 1.3591
Japanese Yen 95.34 to U.S. Dollars 0.0105
British Pound 0.6602 to U.S. Dollars 1.5147
Canadian Dollar 1.1748 to U.S. Dollars 0.8512
Swiss Franc 1.1068 to U.S. Dollars 0.9035

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (June 09) shed $0.83, EOD $57.91 per barrel ($US per barrel)
Heating Oil (June 09) shed $0.03, EOD $1.48 a gallon ($US per gallon)
Natural Gas (June 09) shed $0.12, EOD $4.21 per million BTU ($US per mmbtu.)
Unleaded Gas (May 09) gain $0.02, EOD $1.69 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) gain $2.00, EOD $925.90 ($US per Troy ounce)
Silver (July 09) shed $0.20, EOD $14.02 ($US per Troy ounce)
Platinum (July 09) shed $8.90, EOD $1,123.20 ($US per Troy ounce)
Copper (July 09) shed $0.06, EOD $2.03 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) shed 0.98, EOD 67.95
Pork Bellies (July 09) shed 3.00 EOD 75.55
Live Cattle (June 09) shed 0.75, EOD 82.83
Feeder Cattle (August 09) shed 0.23, EOD 101.23

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) shed $1.00, EOD 426.50
Soybeans (July 09) gain $10.50, EOD 1,128.00

BOND MARKET:

2 year EOD 100, change 1/32, Yield 0.86, Yield change -0.03
5 year EOD 99 17/32, change 6/32, Yield 1.96, Yield change -0.05
10 year EOD 100 4/32, change 18/32, Yield 3.10, Yield change -0.07
30 year EOD 102 25/32, change 1 8/32, Yield  4.08, change -0.08