|
|  |  |
|
Daily Market Commentary for November 18, 2009
|
Housing Starts Data
Commerce Department released this
month's housing starts data today, stocks fell when the report was released.
Housing starts plummeted 10.6% in October to a seasonally adjusted rate of
529,000, it was the biggest decline since January, economists had expected
590,000 starts last month, Year over year, starts are down 30.7%. New starts for
single-family homes fell 6.8% last month to an annual rate of 476,000 units, the
lowest since May. New building permits fell 4 percent to 552,000 units in
October, analysts' predicted 580,000 units, investors use new building permits
data as an indicator of future home construction. Housing data released today
was surprising to analysts, over the past couple of months people started
thinking the housing market was going to turn around after years of crumbling.
Recent recovery in the housing market was fueled by the $8,000 tax credit for
first-time buyers, the government recently extended the program hoping to a
further increase in sales. In other news, the Labor Department reported
consumer prices rose 0.3% in October, a little higher than the 0.2% economists
forecasted. Even though stocks were falling it didn't stop gold from continuing
it's rise, the commodity hit yet another high this morning of $1,149.60 after
the dollar fell against other currencies. Crude Oil prices were also on the
rise, it rose $0.44 to $79.58 a barrel in the trading session. Bond prices fell,
the yield on the benchmark 10-year Treasury note rose to 3.36 percent from 3.32
Tuesday.
Comments from St. Louis Federal Reserve Bank President James Bullard:
Possible fed won't hike rates until 2012; market focus on fed funds rate
'disappointing'; markets should focus on all aspects of fed stimulus; fed
mindful of keeping rates too low for too long; fed liquidity programs unlikely
to be inflation source; fed's main challenge is managing asset buying efforts;
economy aided by stabilizing income, housing market; global growth aiding U.S.
economic recovery; inflation low, but uncertainty is higher; labor market still
weak, but losses moderating; too-big-to-fail issues must be addressed; sees some
job growth in early 2010; 'ways to go' before labor markets improve; jobless
rate likely won't top early 1980's peak; too-big-to-fail issues must be
addressed; businesses 'cautious' about hiring; labor markets will lag rest of
economic recovery; 'substantial' inflation risk in 2 to 4 years; inflation not a
risk 'anytime soon'; 'substantial' inflation risk in 2 to 4 years; FOMC to focus
on preventing asset bubbles.
Economic data released today:
MBA Mortgage Applications:
U.S. MBA Refinance Index fell 1.4% at 2955.4; Last Week 2998.2; U.S. MBA
Purchase Index fell 4.7% at 210.6; Last Week 220.9; U.S. MBA Market Index fell
2.5% at 611.7; Last Week 627.5.
Building Permits:
Building Permits fell 4.0% to 552,000 Rate in October.
Housing Starts:
U.S. October Housing Starts fell 10.6% to 529,000 ; compared to consensus of
an increase by 1.7%; Sharp drop carries U.S. housing starts to lowest in six
months; Single-Family Starts, Apartment Construction both fall in October;
September Housing Starts Revised to rise 1.9% from an increase by 0.5%.
CPI [Consumer Price Index]:
U.S. October CPI Unrounded rose 0.275%; Core rose 0.182%; U.S. October CPI
Energy Prices rose 1.5%; Food Prices rose 0.1%; U.S. October Consumer Prices
rose 0.3%; compared to consensus of an increase by 0.2%; U.S. October CPI
Ex-Food & Energy rose 0.2%; compared to consensus of an increase by 0.1%; U.S.
Real Average Weekly Earnings fell 0.1% in October.
Crude Oil Inventories from Department of Energy:
U.S. Crude Oil Stockpiles -0.887 Million Barrels at 336.789 Million Barrels;
U.S. Crude Oil Stockpiles -0.887 Million Barrels in Week; Was Seen decreasing by
0.6 Million Barrels; U.S. Gasoline Stockpiles -1.755 Million Barrels at 209.082
Million Barrels; U.S. Gasoline Stockpiles -1.755 Million Barrels in Week; Was
Seen increasing by 0.1 Million Barrels; U.S. Distillate Stockpiles -0.328
Million Barrels at 167.397 Million Barrels; U.S. Distillate Stockpiles -0.328
Million Barrels in Week; Was Seen decreasing by 0.5 Million Barrels; U.S.
Refineries Ran at 79.44% capacity versus 79.93% Week Ago; U.S. Refineries Ran at
79.44% capacity; Was Seen at 79.80%.
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) shed 13.61 points, EOD 10,423.81
NYSE (New York Stock
Exchange) shed 7.35, EOD 7,226.71
National Association of Securities Dealers Automated Quotations (NASDAQ)
shed 10.9 points, EOD 2,192.88
S&P 500 (SPX) shed 0.74 points, EOD 1,109.58
BEL 20 (BEL20) shed 9.08 points, EOD 2,525.44
CAC 40 (CAC40) shed 26.58 points, EOD 3,828.16
FTSE100 (UKX100) shed 3.8 points, EOD 5,342.13
NIKKEI 225 (NIK/O) shed 53.13 points, EOD 9,676.80
New York Stock Exchange (NYSE) stock market indicators for the trading session
today:
Advanced stock prices 1,422 declined stock prices 1,668, unchanged stock
prices 98, stock prices hitting new highs 176 and stock prices hitting new lows
3. 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:
TGT shed 0.73, HOD 48.26, LOD 47.72, EOD 47.87; FAS gain 1.58, HOD
80.84, LOD 78.50, EOD 80.54; CRM shed 2.00, HOD 64.49, LOD 61.78, EOD 63.61; ICE
gain 0.13, HOD 109.75, LOD 108.50, EOD 109.40; NUE shed 0.31, HOD 42.88, LOD
41.37, EOD 41.92; POT gain 3.19, HOD 115.52, LOD 112.15, EOD 113.79; MA shed
3.72, HOD 231.93, LOD 225.91, EOD 227.28; MON gain 2.65, HOD 80.33, LOD 78.15,
EOD 79.98.
National Association of Securities Dealers Automated Quotations (NASDAQ)
stock market indicators for the trading session today:
Advanced stock prices 1,077, declined stock prices 1,649, unchanged
stock prices 135, stock prices hitting new highs 86 and stock prices hitting
new lows 19. 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: VVUS gain 0.20, HOD 9.60, LOD 8.56,
EOD 8.77; FSLR gain 0.68, HOD 127.99, LOD 123.10, EOD 124.67; ADSK shed 2.80,
HOD 25.30, LOD 23.86, EOD 24.20; CNQR shed 3.84, HOD 37.55, LOD 36.12, EOD
37.24; BIDU shed 6.38, HOD 440.99, LOD 431.18, EOD 435.12; ISRG shed 1.95, HOD
283.00, LOD 276.37, EOD 279.63; CERN shed 2.66, HOD 79.93, LOD 77.34, EOD 77.40;
NLST gain 0.73, HOD 5.39, LOD 4.22, EOD 4.83; VPRT shed 3.63, HOD 54.32, LOD
49.52, EOD 50.83; PCLN gain 0.39, HOD 210.40, LOD 207.00, EOD 209.68; DRYS gain
0.08, HOD 7.30, LOD 6.78, EOD 7.13.
Market trends on the American Stock Exchange (AMEX) and stock market indicators
for the trading session today:
Advanced stock prices 276, declined stock prices 244, unchanged stock
prices 49, stock prices hitting new highs 19 and stock prices hitting new lows
5.
Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1107.00; Change -0.50
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,799.75; Change -9.00
E-mini DOW $5 (YM) Dec 09: EOD 10,393; Change -5
E-mini S&P MidCap 400 (MF) Dec 09: EOD 705.20; Change -2.00
Nikkei 225 (Yen) Dec 09: EOD 9,665; Change -95
World Currencies for the Forex Market, for Forex Trading by active Forex
Traders, at time of this posting:
Euro 0.6685 U.S. Dollars 1.4959
Japanese Yen 89.3700 to U.S. Dollars 0.0112
British Pound 0.5973 to U.S. Dollars 1.6743
Canadian Dollar 1.0547 to U.S. Dollars 0.9481
Swiss Franc 1.0099 to U.S. Dollars 0.9920
COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $0.44, EOD $79.58 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.01, EOD $2.09 a gallon ($US per
gallon)
Natural Gas (December 09) shed $0.25, EOD $4.66 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) gain $0.01, EOD $2.01 a gallon ($US per
gallon)
Metals Markets - Comex:
Gold (December 09) gain $1.90, EOD $1,141.30 ($US per Troy ounce)
Silver (December 09) gain $0.03, EOD $18.42 ($US per Troy ounce)
Platinum (January 09) shed $10.50, EOD $1,452.00 ($US per Troy ounce)
Copper (December 09) gain $0.01, EOD $3.15 ($US per pound)
Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $0.25, EOD $64.23
Pork Bellies (February 10) gain $0.05, EOD $88.65
Live Cattle (December 09) shed $0.68, EOD $84.98
Feeder Cattle (January 10) shed $1.05, EOD $91.73
Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $3.75, EOD $413.75
Soybeans (January 10) shed $2.50, EOD $1,027.00
BOND MARKET:
2 year EOD 100 15/32, change 1/32, Yield 0.74, Yield change -0.01
5 year EOD 100 27/32, change -4/32, Yield 2.19, Yield change 0.03
10 year EOD 100 2/32, change -11/32, Yield 3.36, Yield change 0.04
30 year EOD 101 9/32, change -27/32, Yield 4.29, change 0.05
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 |
$130,685.00 |
$8,382.00 |
|
| |
Total for Year |
Last Week |
$32,847.50 |
$2,557.50 |
|
| |
Total for Year |
Last Week |
$123,550.00 |
$12,650.00 |
|
| |
Total for Year |
Last Week |
$106,480.00 |
$2,610.00 |
|
| |
Total for Year |
Last Week |
$0.00 |
$0.00 |
|
|
News & Commentary
Daily Market Commentary for March 12, 2010
Stocks Trading Room Performance for March 12, 2010
Futures Trading Room Performance for March 12, 2010
Forex Trading Room Performance for March 12, 2010
Daily Swing Trades Performance for March 12, 2010
Daily Market Commentary for March 11, 2010
Stocks Trading Room Performance for March 11, 2010
Futures Trading Room Performance for March 11, 2010
Forex Trading Room Performance for March 11, 2010
Daily Swing Trades Performance for March 11, 2010
 |
News & Commentary
|
|
|
Monthly Trading Lesson
|
Subscribe via RSS Feed
Always be up to date with the latest market information.
|
|
