|
|  |  |
|
Daily Market Commentary for August 13, 2009
|
Retail Sales Reports
After two months of gains
retail sales reports show a drop of 0.1% in July compared to a gain of 0.8% in
June, economists expected a rise by 0.6%. Sales excluding automobiles and auto
parts reported an unexpected drop of 0.6% after a gain of 0.5% in June,
economists were predicting a gain of 0.3%. Retail king "Wal-Mart" posted a
surprising loss of 1.2% in second-quarter same store sales, however shares of
Wal-Mart continued to gain, rising 88 cents per share for the quarter.
Departments store sales fell 1.6%, including Target, who posted a decline of
0.6%, which is a little surprising after Macy's released they made profits in
the second quarter "Consumers continued to maintain a tight hold on their
wallets, worried about rising unemployment, falling home prices and tight
credit," Steven Wood, president of Insight Economics, told Bloomberg News.
"Overall economic activity will not fully revive until consumer spending
rebounds." More bad news was reported when the Labor Department released that
jobless claims rose by 4,000 to 558,000 week ending August 8th, experts expected
claims to fall to 543,000. Although jobless claims reports were not so
uplifting, the number of people continuing to collect benefits fell
141,000 to 6.2 million week ending August 1st to it's lowest level since April.
Business inventories fell for the 10th straight month by 1.1% in July, however
business sales posted their fist gains in a year of 0.9%. With all of the data
released today stocks were sliding, although major indexes were in the positive
territory in early trading, they took a turn in the late morning. Dow ended the
day gaining 21 points along with the Nasdaq gaining 7 points, the S&P 500 ended
the day in the green zone holding on by 0.52. Crude oil rose $1.32 to $71.48 a
barrel as commodities were mixed, gold also rose by $4.00 to 956.50 an ounce.
Economic data released today:
Retail Sales:
U.S. July Retail & Food Sales fell 0.1% compared to consensus of an increase by
0.8%; U.S. July Retail & Food Sales Ex-Autos fell 0.6%; June Retail & Food Sales
Revised to rise 0.8% from +0.6%.
Initial Jobless Claims:
U.S. Jobless Claims rose by 4K to 558K in week of August 8 compared to survey of
a drop by 5K; U.S. Continuing Claims for week of August 1 fell 141K to
6,202,000; U.S. Jobless Claims Revised for week of August 1 to 554K from 550K.
Import Price Index:
U.S. July Import Prices fell 0.7% compared to consensus of a decrease by 0.1%;
U.S. July Non-Petroleum Import Prices fell 0.2%; U.S. July Petroleum Import
Prices fell 2.8%; U.S. Import Prices down record 19.3% from a year ago.
Business Inventories:
U.S. June Business Inventories fell 1.1% compared to expectations of a drop by
0.8%; June Business Sales rose 0.9%; June Inventory-To-Sales Ratio falls to 1.38
from 1.41.
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 24.64 points, EOD 9,386.25
NYSE (New York Stock
Exchange) gain 65.23, EOD 6,604.10
National Association of Securities Dealers Automated Quotations (NASDAQ)
gain 8.94 points, EOD 2,007.66
S&P 500 (SPX) gain 5.53 points, EOD 1,011.34
BEL 20 (BEL20) gain 6.25 points, EOD 2,279.59
CAC 40 (CAC40) gain 17.15 points, EOD 3,524.39
FTSE100 (UKX100) gain 38.7 points, EOD 4,755.46
NIKKEI 225 (NIK/O) gain 82.19 points, EOD 10,517.19
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 2,040, declined stock prices 1,062, unchanged
stock prices 79, stock prices hitting new highs 90 and stock prices hitting new
lows 5. 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: UTA shed 1.66,
HOD 16.55, LOD 13.15, EOD 13.26; SRX shed 0.07, HOD 21.00, LOD 19.74, EOD 19.77;
HRS gain 3.70, HOD 37.24, LOD 33.87, EOD 34.19; LDK shed 2.06, HOD 9.97, LOD
8.97, EOD 9.15; CME gain 3.08, HOD 288.85, LOD 282.62, EOD 285.10; AAP shed
2.36, HOD 43.56, LOD 41.54, EOD 43.27; ANW gain 2.32, HOD 21.99, LOD 19.50, EOD
21.37; LVS gain 1.50, HOD 14.00, LOD 12.25, EOD 13.79; RTP gain 7.00, HOD
163.46, LOD 157.61, EOD 162.83; GS gain 0.72, HOD 165.49, LOD 162.61, EOD
164.48; AZO shed 3.36, HOD 145.36, LOD 141.00, EOD 145.13; CMP gain 0.85, HOD
52.66, LOD 51.30, EOD 52.58.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock
market indicators for the trading session today:
Advanced stock prices 1,499, declined stock prices 1,215, unchanged
stock prices 113, stock prices hitting new highs 65 and stock prices hitting new
lows 7. 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: BIDU shed 1.41, HOD 354.20, LOD
344.05, EOD 347.22; FSLR shed 0.23, HOD 148.40, LOD 142.50, EOD 144.76; MIDD
shed 0.53, HOD 52.05, LOD 46.28, EOD 51.98; AUXL shed 0.54, HOD 29.90, LOD
28.02, EOD 28.83.
Market trends on the American Stock Exchange (AMEX) and stock market
indicators for the trading session today:
Advanced stock prices 296, declined stock prices 236, unchanged stock
prices 54, stock prices hitting new highs 14 and stock prices hitting new lows
1.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 1009.75; Change 7.50
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,626.50; Change 7.75
E-mini DOW $5 (YM) Sept 09: EOD 9,361; Change 42
E-mini S&P MidCap 400 (MF) Sept 09: EOD 653.20; Change 4.30
Nikkei 225 (Yen) Sept 09: EOD 10,530; Change 10
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7001 to U.S. Dollars 1.4284
Japanese Yen 95.3400 to U.S. Dollars 0.0105
British Pound 0.6035 to U.S. Dollars 1.6571
Canadian Dollar 1.0885 to U.S. Dollars 0.9187
Swiss Franc 1.0701 to U.S. Dollars 0.9345
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 09) gain $0.36, EOD $70.52 per barrel ($US per barrel)
Heating Oil (September 09) gain $0.01, EOD $1.90 a gallon ($US per
gallon)
Natural Gas (September 09) shed $0.14, EOD $3.34 per million BTU ($US
per mmbtu.)
Unleaded Gas (September 09) shed $0.01, EOD $2.02 a gallon ($US per
gallon)
Metals Markets - Comex:
Gold (December 09) gain $4.00, EOD $956.50 ($US per Troy ounce)
Silver (September 09) gain $0.04, EOD $14.99 ($US per Troy ounce)
Platinum (October 09) gain $28.30, EOD $1,272.70 ($US per Troy ounce)
Copper (September 09) gain $0.09, EOD $2.91 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 09) gain $1.43, EOD $45.40
Pork Bellies (February 10) shed $0.25, EOD $79.15
Live Cattle (October 09) shed $0.15, EOD $88.20
Feeder Cattle (October 09) shed $0.10, EOD $100.08
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $4.25, EOD $332.00
Soybeans (November 09) shed $25.25, EOD $1,020.00
BOND MARKET:
2 year EOD 99 25/32, change 3/32, Yield 1.09, Yield change -0.06
5 year EOD 100 16/32, change 02.57 Yield 2.57, Yield change -0.10
10 year; N/A
30 year EOD 96 31/32, change 1 21/32, Yield 4.43, change -0.10
Access upcoming scheduled economic data anytime by viewing the
Economic Calendar from Millennium-Traders, free access to visitors
on our website.
Visitors may subscribe to our free
Weekly MarketNews for a review of the previous weeks trading news
plus, view upcoming economic data scheduled for the week ahead.
Review current edition as well as, archives of the
News & Commentary plus, view complete details of calls made in our
Trading Rooms and stock picks from our Swing Trading service. Traders should
review our FREE
Monthly Trading Lesson posted on our website.
|
|
Top of the page | |
| |
Total for Year |
Last Week |
$296,530.00 |
$11,526.00 |
|
| |
Total for Year |
Last Week |
$184,983.71 |
$7,197.50 |
|
| |
Total for Year |
Last Week |
$407,600.00 |
$13,100.00 |
|
| |
Total for Year |
Last Week |
$344,560.00 |
$20,460.00 |
|
| |
Total for Year |
Last Week |
$0.00 |
$0.00 |
|
|
News & Commentary
Daily Market Commentary for July 30, 2010
Stocks Trading Room Performance for July 30, 2010
Futures Trading Room Performance for July 30, 2010
Forex Trading Room Performance for July 30, 2010
Daily Swing Trades Performance for July 30, 2010
Daily Market Commentary for July 29, 2010
Stocks Trading Room Performance for July 29, 2010
Futures Trading Room Performance for July 29, 2010
Forex Trading Room Performance for July 29, 2010
Daily Swing Trades Performance for July 29, 2010
 |
News & Commentary
|
|
|
Monthly Trading Lesson
|
Subscribe via RSS Feed
Always be up to date with the latest market information.
|
|
