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Investing
Markets began the trading session in negative territory but, rebounded into positive territory during the first hour of trading, for the day. Markets held in the green zone through out the trading session amidst very light trading volume. Trading activity appeared so muted, it seemed as though today was a holiday and the markets remained open, for day traders and investors. Economic data released today did not provide any catalyst for the positive market tone and surprisingly, markets should have moved lower on the data. Crude oil ended the session slightly lower but, during the trading session, it had moved below $113 a barrel. The dollar gained strength today moving higher against the British pound, euro and the Japanese yen. Financial and energy stocks moved higher during the trading day, with investors beginning to nibble on taking positions on these recently beaten down stocks. Overall, the trading session was seriously far from day trader friendly during the ever so dull, market trading session. Nationwide foreclosure increased to 272,171 during July which results in an 8% increase from nationwide foreclosures recorded during June; the number indicates a hefty 55% surge from July 2007, according to RealtyTrac. Total number of filings includes delinquency notices, auction sale notices and bank repossessions. Bank seizures skyrocketed by 184% from a year ago to 77,295. "Bank repossessions, or REOs, continued to be the fastest-growing segment of foreclosure activity," RealtyTrac's chief executive officer, James Saccacio, said in a statement. "The sharp rise in REOs, combined with slow sales, has resulted in a bloated inventory of bank-owned properties for sale." Highest foreclosure levels were reported from Nevada, California and Florida. In the state of Nevada, one out of every 106 households filed for foreclosure. Hardest-hit metropolitan area was Cape Coral, Florida. Approximately one out of every 64 households in Cape Coral, Florida received a filing which equals seven times the national average. The median price for single-family existing homes fell 7.6% in the second quarter to $206,500 according to the National Association of Realtors (NAR).
Economic data released today:
Jobless Claims: U.S. Jobless Claims fell 10K to 450K for week of August 9 compared to survey of a drop by 7K; U.S. Continuing Claims for week of August 2 increased by 114K to 3,417,000; U.S. Jobless Claims for week of August 2 revised to 460K from 455K; U.S. Continuing Claims were highest since November 2003.
Consumer Price Index:
U.S. July Consumer Prices rose 0.8% compared to consensus of an increase by 0.4%; U.S. July CPI Excluding Food & Energy rose 0.3% compared to consensus of an increase by 0.2%; U.S. July CPI Unrounded rose 0.818%; U.S. July CPI Core rose 0.327%; U.S. July CPI Energy Prices rose 4.0%; U.S. July CPI Food Prices rose 0.9%; U.S. Real Average Weekly Earnings fell 0.8% in July; U.S. July CPI rose 5.6% on the year, being the highest since 1991.
Hot Stock picks on the move today for day trading:
Gannett Company Incorporated (NYSE: GCI) and Shaw Group Incorporated (NYSE: SGR). Gannett reported a cut of 1,000 positions and a lay off of 600 staffers and climbed steadily higher, through out the trading session. Day traders playing the stock as a long position, posted steady gains, into the closing bell where Gannett closed with a gain of just over 2 points. Shaw moved lower on downgrades and moved lower during the trading day, posting a loss at the closing bell of almost 4 and a half points.
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 session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain of 82.97 points on the day to end the trading session at 11,615.93
NYSE (New York Stock Exchange) gain of 10.58 points to end the trading session at 8,385.97
NASDAQ gain of 25.05 points to end the trading session at 2,453.67
S&P 500 gain of 7.10 points to end the trading session at 1,292.93
FTSE All-World excluding - U.S. gain of 0.48 points to end the trading session at 221.23
FTSE RAFI 1000 gain of 46.60 points to end the trading session at 5,087.38
BEL 20 (BEL20) gain of 10.81 points to end the trading session at 3,054.43
CAC 40 (CAC40) gain of 17.94 points to end the trading session at 4,421.91
FTSE100 (UKX100) gain of 48.8 points to end the trading session at 5,497.40
NIKKEI 225 (NIK/O) loss of 66.25 points on the day to end the trading session at 12,956.80
New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 1,999; declined stock prices 1,157; unchanged stock prices 115; stock prices hitting new highs 24 and stock prices hitting new lows 50.
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: IntercontinentalExchange Incorporated (NYSE: ICE) stock price gained 4.47 points on the trading session, high on the trading session $88.27, low on the trading session $81.87 for a closing stock price at $87.21; Walter Industries Incorporated (NYSE: WLT) stock price gained 1.19 points on the trading session, high on the trading session $85.39, low on the trading session $80.75 for a closing stock price at $85.33; Nexen Incorporated (NYSE: NXY) stock price shed 1.02 points on the trading session, high on the trading session $30.32, low on the trading session $28.59 for a closing stock price at $29.12; Flowers Foods Incorporated (NYSE: FLO) stock price shed 4.01 points on the trading session, high on the trading session $31.97, low on the trading session $25.97 for a closing stock price at $27.96; Shaw Group Incorporated (NYSE: SGR) stock price shed 4.42 points on the trading session, high on the trading session $54.00, low on the trading session $50.45 for a closing stock price at $51.57; Monsanto Company (NYSE: MON) stock price shed 2.89 points on the trading session, high on the trading session $117.22, low on the trading session $113.17 for a closing stock price at $114.39; Intrepid Potash Incorporated (NYSE: IPI) stock price shed 3.87 points on the trading session, high on the trading session $46.90, low on the trading session $42.64 for a closing stock price at $42.86; Gannett Company Incorporated (NYSE: GCI) stock price gained 2.05 points on the trading session, high on the trading session $21.40, low on the trading session $18.94 for a closing stock price at $21.31; CVR Energy Incorporated (NYSE: CVI) stock price shed 2.02 points on the trading session, high on the trading session $18.36, low on the trading session $13.54 for a closing stock price at $14.31; United States Steel Corporation (NYSE: X) stock price shed 2.96 points on the trading session, high on the trading session $139.40, low on the trading session $131.92 for a closing stock price at $134.96; Mosaic Company (NYSE: MOS) stock price shed 2.73 points on the trading session, high on the trading session $107.89, low on the trading session $102.25 for a closing stock price at $104.35; CME Group Incorporated (NYSE: CME) stock price gained 5.15 points on the trading session, high on the trading session $349.00, low on the trading session $335.51 for a closing stock price at $343.63; Nucor Corporation (NYSE: NUE) stock price shed 1.88 points on the trading session, high on the trading session $52.70, low on the trading session $50.46 for a closing stock price at $50.86; Ultrashort Financial Corporation (NYSE: SKF) stock price shed 5.60 points on the trading session, high on the trading session $129.01, low on the trading session $119.07 for a closing stock price at $120.70; Constellation Energy Group Incorporated (NYSE: CEG) stock price shed 3.07 points on the trading session, high on the trading session $64.69, low on the trading session $61.31 for a closing stock price at $61.68; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 0.30 points on the trading session, high on the trading session $182.28, low on the trading session $173.67 for a closing stock price at $179.18; Devon Energy Corporation (NYSE: DVN) stock price shed 1.47 points on the trading session, high on the trading session $99.04, low on the trading session $95.00 for a closing stock price at $96.65.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 1,744; declined stock prices 1,143; unchanged stock prices 133; stock prices hitting new highs 58; stock prices hitting new lows 54.
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: NetApp Incorporated (NasdaqGS: NTAP) stock price shed 0.99 points on the trading session, high on the trading session $25.23, low on the trading session $24.32 for a closing stock price at $24.69; Ctrip.com International Limited (NasdaqGS: CTRP) stock price gained 10.29 points on the trading session, high on the trading session $53.53, low on the trading session $45.45 for a closing stock price at $53.49; Baidu.com Incorporated (NasdaqGS: BIDU) stock price gained 9.11 points on the trading session, high on the trading session $327.43, low on the trading session $311.25 for a closing stock price at $324.68; Google Incorporated (NasdaqGS: GOOG) stock price gained 5.72 points on the trading session, high on the trading session $507.61, low on the trading session $496.29 for a closing stock price at $505.75.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 666; declined stock prices 517; unchanged stock prices 92; stock prices hitting new highs 11; stock prices hitting new lows 52.
Chicago Board of Trade Futures Market activity for the day, at time of this posting for September 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1,296.75 change 9.25
E-mini NASDAQ-100 (NQ) end of day price 1,965.75, change 24.25
E-mini S&P SmallCap 600 (SMP) end of day price 392.50, change 0.00
$5 DJIA (YM) end of day price 11,620, change 98
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6753 to U.S. Dollars 1.4809
Japanese Yen 109.62 to U.S. Dollars 0.0091
British Pound 0.5354 to U.S. Dollars 1.8676
Canadian Dollar 1.0637 to U.S. Dollars 0.9401
Swiss Franc 1.0944 to U.S. Dollars 0.9137
Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $0.99 on the day for a closing price of $115.01 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.03 on the day for a closing price of $3.10 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.31 on the day for a closing price of $8.24 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.02 on the day for a closing price of $2.91 a gallon ($US per gallon)
Metals Markets:
Gold Market Price (COMEX: CMX) shed $17.00 on the day for a closing price of $814.50 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.62 on the day for a closing price of $14.6 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $27.40 on the day for a closing price of $1,489.10 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.05 on the day for a closing price of $3.31 ($US per pound)
Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 0.15 on the day for a closing price of 76.08
Pork Bellies (Chicago Mercantile Exchange: CME) shed 1.03 on the day for a closing price of 102.03
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.45 on the day for a closing price of 107.90
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 0.58 on the day for a closing price of 115.35
Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 18.75 on the day for a closing price of 577.00
Soybeans (Chicago Board of Trade: CBT) shed 10.00 on the day for a closing price of 1,274.00
Bond Market:
2 year bond had no change for a closing price of 100 11/32 with a Yield of 2.55, Yield Change 0.00
5 year bond had no change for a closing price of 100 15/32 with a Yield of 3.26, Yield Change 0.00
10 year bond gained 11/32 on the day for a closing price of 100 27/32 with a Yield of 3.89, Yield Change -0.04
30 year bond gained 21/32 on the day for a closing price of 99 18/32 with a Yield of 4.52, Yield Change -0.04
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