|
|  |  |
|
Daily Market Commentary for March 2, 2010
|
Ford Sales
Ford sales were up in February, the automaker
also had better sales than rival GM. Ford reported a 43% increase in sales, as
compared to the same period last year, analysts estimated a 35% increase. Ford's
results were also up 22% compared to January. The company said there was a
higher demand from rental-car companies and other corporate fleets, Ford's fleet
sales surged 74% over February of last year; February's rise was the 16th
monthly increase out of 17 months for Ford. The auto industry took a hard hit
last year, it was one the worst months for the industry in 19 years. Ford is in
the process of selling it's Volvo division, but with those sales included, Ford
outsold GM for the first time in more than a decade. It is believed Ford will be
the No. 1 seller in the U.S. for the month of February, passing the No. 1
current leader, Toyota. Toyota took a hit in
sales due to the recent recall problems; it is projected that Toyota's sales
were down 10% from last year. GM reported sales only rose 12% from the same
period last year, analysts estimated sales would be around double than reported.
Overall industry sales are expected to be up about 10% to 14% from a year ago.
Stocks rose most of the trading session, once
news was reported that Greece will not default on debt owed. Near the end of the
trading session stocks lost almost all of the gains of the day. Investors didn't
get any economic data today to help boost confidence, helping out with the
decline. Commodity prices saw gains, gold rose $19.10 to $1,137.40 and crude oil
rose $1.01 to $79.71. Bond prices rose, the yield on the benchmark 10-year note
fell to 3.60 from 3.60 Monday.
Federal Reserve Bank of Kansas City
President Thomas M. Hoenig;
Still opposes Fed's extended low rates
pledge; Fed shouldn't give certainty on rate outlook; Fed should raise rates
'sooner rather than later'; Funds rate could rise and still support growth;
'Inflation is very low'; Fed may need to lift rates amid high unemployment; Zero
percent interest rates invite future excesses; End of Fed MBS buying shouldn't
have much market impact.
Economic data released today: N/A
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 16.78 points, EOD 10,337.81
NYSE (New York Stock
Exchange) gain 35.22, EOD 7,135.97
National Association of Securities Dealers Automated Quotations (NASDAQ)
gain 6.00 points, EOD 2,279.57
S&P 500 (SPX) gain 2.27 points, EOD 1,117.98
BEL 20 (BEL20) gain 15.36 points, EOD 2,558.77
CAC 40 (CAC40) gain 42.38 points, EOD 3,811.92
FTSE100 (UKX100) unchanged, EOD 5,278.22
NIKKEI 225 (NIK/O) shed 12.5 points, EOD 10,221.84
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 2,111 declined stock prices 976 unchanged stock
prices 102, stock prices hitting new highs 357 and stock prices hitting new lows
7. 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: CF shed 1.12, EOD
106.78, LOD 101.33, EOD 106.42; CTB gain 0.65, EOD 19.70, LOD 18.22, EOD 18.48;
CME gain 8.43, EOD 312.68, LOD 300.08, EOD 309.46; POT gain 2.50, EOD 116.59,
LOD 114.51, EOD 115.45; ARD shed 7.47, EOD 40.76, LOD 34.32, EOD 35.22.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 1,802, declined stock prices 911, unchanged
stock prices 128, stock prices hitting new highs 225 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: NTRI shed 3.02, EOD 17.09, LOD 15.81,
EOD 15.88; DNDN gain 0.75, EOD 35.27, LOD 30.81, EOD 33.26; PCLN gain 2.80, EOD
245.00, LOD 238.90, EOD 241.34; ALTH shed 1.05, EOD 7.80, LOD 6.94, EOD 6.95;
FSLR gain 1.64, EOD 109.34, LOD 104.70, EOD 107.26; DBRN gain 1.12, EOD 27.08,
LOD 26.03, EOD 26.85; ALTH shed 1.05, EOD 7.80, LOD 6.94, EOD 6.95; TECD shed
2.87, EOD 43.75, LOD 41.02, EOD 41.96; ISRG gain 2.67, EOD 366.50, LOD 355.77,
EOD 361.30; DECK gain 2.45, EOD 126.20, LOD 122.12, EOD 125.25; GMCR gain 4.27,
EOD 89.75, LOD 83.50, EOD 87.88; CAGC shed 0.85, EOD 27.90, LOD 24.28, EOD
25.60.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 300, declined stock prices 185, unchanged stock
prices 52, stock prices hitting new highs 26 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) Mar 10: EOD 1117.00; Change 2.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,850.50; Change 7.75
E-mini DOW $5 (YM) Mar 10: EOD 10,388; Change 3
E-mini S&P MidCap 400 (MF) Mar 10: EOD 755.90; Change 7.20
Nikkei 225 (Yen) Mar 10: EOD 10,230; Change 0.0
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.7349 U.S. Dollars 1.3608
Japanese Yen 88.7000 to U.S. Dollars 0.0113
British Pound 0.6685 to U.S. Dollars 1.4959
Canadian Dollar 1.0363 to U.S. Dollars 0.9650
Swiss Franc 1.0752 to U.S. Dollars 0.9301
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 10) gain $1.04, EOD $79.74 per barrel ($US per barrel)
Heating Oil (April 10) gain $0.03, EOD $2.06 a gallon ($US per gallon)
Natural Gas (April 10) gain $0.04, EOD $4.72 per million BTU ($US per mmbtu.)
Unleaded Gas (April 10) gain $0.04, EOD $2.20 gallon ($US per gallon)
Metals Markets - Comex:
Gold (April 10) gain $19.00, EOD $1,137.30 ($US per Troy ounce)
Silver (May 10) gain $0.59, EOD $17.06 ($US per Troy ounce)
Platinum (April 10) gain $26.60, EOD $1,570.60 ($US per Troy ounce)
Copper (May 10) gain $0.06, EOD $3.41 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) shed $0.50, EOD $72.45
Pork Bellies (May 10) gain $1.38, EOD $95.58
Live Cattle (April 10) gain $1.05, EOD $92.78
Feeder Cattle (April 10) gain $0.78, EOD $104.43
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) shed $1.25, EOD $381.50
Soybeans (May 10) gain $1.50, EOD $963.50
BOND MARKET:
2 year EOD 100 5/32, change 1/32, Yield 0.79, Yield change -0.01
5 year EOD 100 16/32, change 3/32, Yield 2.26 Yield change -0.02
10 year EOD 100 4/32, change 1/, Yield 3.61 Yield change 0.00
30 year EOD 100 29/32, change -5/32, Yield 4.56, change 0.01
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 Market News 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.
|
|
