USA stock market daily report by Millenium Traders (May 14, 2009, Thursday, 10.30 p.m. GMT)

Date: 14 May 2009

Major U.S. indices closed higher on the session today, with another nice trading session for day traders, with plenty of price action trading. Trading activity has shown substantial improvement this week, providing much more opportunity for profit potential for day traders and investors, for that matter. Activity has improved for both the long and short selling traders. Don't know if it could be called a rally but, merely improved trading action. Even though jobless claims climbed when anticipation was for them to move lower, traders shrugged off the bad news and enjoyed the trading activity. Chrysler reported today that almost 800 dealerships will be eliminated, across the U.S.A. in wake of the bankruptcy filings. General Motors (GM) is expected to hand pink slips to approximately 1,200 dealerships that their trend with GM has come to an end.

Economic data released today:

Producer Price Index:
U.S. April Producer Prices rose 0.3% compared to consensus of an increase by 0.1%; U.S. April PPI Excluding-Food & Energy rose 0.1% compared to consensus of an increase by 0.1%; U.S. April PPI Intermediate Goods fell 0.5%; U.S. Apr PPI Intermediate Goods Core fell 0.9%; U.S. April PPI Crude Goods rose 3.0%; U.S. April PPI Crude Goods Core fell 0.6%; U.S. April PPI Energy Prices fell 0.1%; U.S. April Passenger Car Prices rose 0.2%; U.S. March PPI Unrevised at a drop by 1.2%.

Jobless Claims:
U.S. Jobless Claims for week of May 9 rose by 32K to 637K compared to survey of an increase by 10K; U.S. May 2 Week Continuing Claims rose by 202K to 6,560,000; U.S. Week of May 2 Jobless Claims revised to 605K from 601K.

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 45.24 points, EOD 8,330.13
NYSE (New York Stock Exchange) gain 66.98 points, EOD 5,733.45
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 25.02 points, EOD 1,689.21
S&P 500 (SPX) gain 9.15 points, EOD 893.07
BEL 20 (BEL20) loss 38 points, EOD 1,978.37
CAC 40 (CAC40) gain 3.39 points, EOD 3,156.29
FTSE100 (UKX100) gain 31.21 points, EOD 4,362.58
NIKKEI 225 (NIK/O) triple digit loss 246.76 points, EOD 9,093.73

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,952, declined stock prices 722, unchanged stock prices 492, stock prices hitting new highs 1 and stock prices hitting new lows 8. 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: gain 8.53 points, HOD $161.23, LOD $150.77, EOD $159.45; KSS: shed 0.71 points, HOD $43.95, LOD $40.97, EOD $41.24; ANW: shed 1.50 points, HOD $14.26, LOD $11.82, EOD $13.25; CME: gain 14.38 points, HOD $297.18, LOD $281.80, EOD $288.48; SKF: shed 2.93 points, HOD $49.72, LOD $45.11, EOD $45.89; CLF: gain 1.17 points, HOD $22.29, LOD $20.62, EOD $22.01; ENS: shed 2.54 points, HOD $16.29, LOD $14.87, EOD $15.21; PNC: gain 0.92 points, HOD $44.69, LOD $40.36, EOD $43.12; URS: gain 3.05 points, HOD $47.20, LOD $44.41, EOD $46.19.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,865, declined stock prices 871 unchanged stock prices 103, stock prices hitting new highs 13 and stock prices hitting new lows 13. 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: gain 2.19 points, HOD $184.63, LOD $177.65, EOD $181.69; APOL: gain 2.86 points, HOD $64.60, LOD $61.10, EOD $3.87.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 273, declined stock prices 239, unchanged stock prices 100, stock prices hitting new highs 5 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 889.50; Change 4.50
E-mini NASDAQ-100 (NQ) June 09: EOD 1,354.25; Change 1.25
E-mini DOW $5 (YM) June 09: EOD 8,289; Change -7
E-mini S&P MidCap 400 (MF) June 09: EOD 548.50; Change 4.20
Nikkei 225 (Yen) June 09; EOD 9,140; Change 55

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7332 to U.S. Dollars 1.3638
Japanese Yen 95.76 to U.S. Dollars 0.0104
British Pound 0.6569 to U.S. Dollars 1.5223
Canadian Dollar 1.1703 to U.S. Dollars 0.8545
Swiss Franc 1.1044 to U.S. Dollars 0.9055

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (June 09) gain $0.60, EOD $58.52 per barrel ($US per barrel)
Heating Oil (June 09) no change, EOD $1.49 a gallon ($US per gallon)
Natural Gas (June 09) shed $0.04, EOD $4.29 per million BTU ($US per mmbtu.)
Unleaded Gas (May 09) gain $0.03, EOD $1.72 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) gain $2.50, EOD $928.40 ($US per Troy ounce)
Silver (July 09) gain $0.02, EOD $14.04 ($US per Troy ounce)
Platinum (July 09) shed $5.70, EOD $1,117.50 ($US per Troy ounce)
Copper (July 09) no change, EOD $2.03 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) shed 0.95, EOD 67
Pork Bellies (July 09) shed 2.00 EOD 73.55
Live Cattle (June 09) gain 0.03, EOD 82.85
Feeder Cattle (August 09) gain 0.43, EOD 101.65

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) gain $1.75, EOD 428.25
Soybeans (July 09) gain $19.50, EOD 1,147.50

BOND MARKET:

2 year EOD 100 1/32, change 1/32, Yield 0.85, Yield change -0.02
5 year EOD 99 18/32, change 2/32, Yield 1.96, Yield change -0.02
10 year EOD 100 7/32, change 5/32, Yield 3.09, Yield change -0.02
30 year EOD 103 6/32, change 18/32, Yield 4.06, change -0.10

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.

USA News

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