USA stock market daily report by Millenium Traders (May 18 2009, Monday, 10.30 p.m. GMT)

Date: 18 May 2009

Ahead of the Memorial Day holiday, drivers are watching gas prices slowly increase, so much for the cheap gas prices we've experienced. During the past three weeks the price at the pump has risen 25 cents a gallon. Its amazing how gas prices always rise ahead of and during, major U.S. holidays. Just another way for the consumer to be gouged at the gas pump to make the fat cats in the oil industry, even fatter. To top it off, then we start to hear stories of problems in Nigeria (didn't we know of some problem weeks ago before the price at the pump started to surge?!?) and of course refinery fires at a Sunoco refinery (have there not been any refinery fires in the past few months as the price at the pump sank?!?).

The markets were plain and simply, sluggish. Although major U.S. indices posted triple digit gains at the closing bell, trading action was pitiful for day traders throughout the session. Traders were able to post mild gains during the trading session amidst the Bull run but, gains were minimal. Whip action occurred when stocks decided to make a move, increasing the dismal trading atmosphere.

Economic data released today:

NAHB Housing Market Index: U.S. NAHB May housing index 16 versus 14 in April.

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 235.44 points, EOD 8,504.08
NYSE (New York Stock Exchange) triple digit gain 202.98 points, EOD 5,865.87
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 52.22 points, EOD 1,732.36
S&P 500 (SPX) gain 26.83 points, EOD 909.71
BEL 20 (BEL20) gain 44.34 points, EOD 2,049.67
CAC 40 (CAC40) gain 76.34 points, EOD 3,245.39
FTSE100 (UKX100) gain 98.34 points, EOD 4,446.45
NIKKEI 225 (NIK/O) triple digit loss 226.33 points, EOD 9,038.69

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,734, declined stock prices 387, unchanged stock prices 63, stock prices hitting new highs 10 and stock prices hitting new lows 6. 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: AFL: gain 3.38 points, HOD $35.73, LOD $32.50, EOD $35.52; DDS: gain 2.64 points, HOD $10.26, LOD $8.57, EOD $10.15; MOS: gain 3.70 points, HOD $55, LOD $52.02, EOD $55; STT: gain 3.09 points, HOD $41.86, LOD $38.12, EOD $41.60; CME: gain 10.88 points, HOD $290, LOD $279.35, EOD $288.18; RTP: gain 9.13 points, HOD $168.59, LOD $159.14, EOD $168.14; BAC: gain 1.03 points, HOD $12.10, LOD $11.52, EOD $11.70; LOW: gain 1.53 points, HOD $20.65, LOD $19.18, EOD $19.98; MDT: shed 0.56 points, HOD $34.21, LOD $33.13, EOD $33.96; BA: gain 1.37 points, HOD $44.53, LOD $43.81, EOD $44.37; IBN: gain 5.91 points, HOD $32.47, LOD $29, EOD $29.30; ESI: shed 2.52 points, HOD $102.75, LOD $96.58, EOD $99.21; POT: gain 2.71 points, HOD $111.46, LOD $107.83, EOD $109.85; DVN: gain 3.02 points, HOD $61.88, LOD $59.12, EOD $61.52.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,223, declined stock prices 555 unchanged stock prices 110, stock prices hitting new highs 31 and stock prices hitting new lows 8. 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 7.47 points, HOD $184.98, LOD $176.87, EOD $184.90.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 411, declined stock prices 153, unchanged stock prices 57, stock prices hitting new highs 10 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 908.75; Change 24
E-mini NASDAQ-100 (NQ) June 09: EOD 1,398.25; Change 32.75
E-mini DOW $5 (YM) June 09: EOD 8,473; Change 204
E-mini S&P MidCap 400 (MF) June 09: EOD 559; Change -5.30
Nikkei 225 (Yen) June 09; EOD 9,370; Change 5

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7375 to U.S. Dollars 1.356
Japanese Yen 96.30 to U.S. Dollars 0.0104
British Pound 0.6516 to U.S. Dollars 1.5346
Canadian Dollar 1.1615 to U.S. Dollars 0.861
Swiss Franc 1.1138 to U.S. Dollars 0.8978

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (June 09) gain $2.69, EOD $59.09 per barrel ($US per barrel)
Heating Oil (June 09) gain $0.08, EOD $1.50 a gallon ($US per gallon)
Natural Gas (June 09) gain $0.05, EOD $4.27 per million BTU ($US per mmbtu.)
Unleaded Gas (May 09) gain $0.08, EOD $1.76 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) shed $9.60, EOD $921.70 ($US per Troy ounce)
Silver (July 09) shed $0.18, EOD $13.83 ($US per Troy ounce)
Platinum (July 09) gain $28.60, EOD $1,137.60 ($US per Troy ounce)
Copper (July 09) gain $0.05, EOD $2.07 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) gain 0.03, EOD 68.60
Pork Bellies (July 09) gain 0.30 EOD 73.40
Live Cattle (June 09) gain 0.60, EOD 83.13
Feeder Cattle (August 09) gain 0.18, EOD 101.83

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) gain $4.25, EOD 421.50
Soybeans (July 09) gain $16, EOD 1,146.50

BOND MARKET:

2 year EOD 99 29/32, change -4/32, Yield 0.91, Yield change 0.06
5 year EOD 99 1/32, change -12/32, Yield 2.08, Yield change 0.08
10 year EOD 99 3/32, change -25/32, Yield 3.23, Yield change 0.10
30 year EOD 100 28/32, change -1 31/32, Yield 4.19, change 0.11

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 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.

US stock market opening report (March 18, 2010, Thursday)

European bourses opened lower, on the back of reduced risk appetite following the Greek IMF bailout plans announced overnight. However, moving into the North American open losses have almost been paired. The financial sector is the worst performing. Weakness has been observed in basic materials as well following the strength in the USD index. German 10-year bund futures open higher and have since fluctuated on large supply from France and Spain. Moving into the North American open, bund futures are trading in positive territory.

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

US economics, finance and companies review and analysis, 17 March 2010

Inflation and the fed, 17 March 2010

On the cusp of job growth, 10 March 2010

Under the weather, 1 March 2010

Everything you wanted to know about the fed..., 23 February 2010

Stock Market News: All News | USA News | Indian News | China News

Stock Market Reports: All Stock Reports | USA Stock Market Reports | Indian Stock Market Reports | China Stock Market Reports | Russian Stock Market Reports

About Us | Privacy Policy | Contacts | Links