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Bailout

Discussion in 'Forex Daily News & Outlook' started by MTnews, Sep 25, 2008.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for September 25, 2008 from Millennium-Traders.Com

    The markets moved higher today on the potential approval of the bailout plan but, we all wait for details to be delivered to the American people. (read more)

    Economic data released today:

    Jobless Claims:
    U.S. Jobless Claims increased by 32K to 493K for week of September 20 compared to survey by economist of a drop by 5K; U.S. Continuing Claims for week of September 13 increased by 63K to 3,542,000; U.S. Jobless Claims for week of September 13 Revised to 461K from 455K; U.S. Jobless Claims at highest rate since September 2001; Hurricanes Gustav and Ike added 50K to Jobless Claims.

    Durable Goods Orders:
    U.S. August Durable Goods Orders fell by 4.5% as compared to economists consensus of a drop by 2.0%; August Durable Goods Orders, Excluding Transportation fell 3.0%; August Durable Goods Orders, Excluding Defense fell 5.0%; July Durable Goods Orders Revised to an increase by 0.8% from increase by 1.3%.

    New Home Sales:
    U.S. August New Home Sales fell 11.5% to 460,000 as compared to forecast of 508,000, by economists; U.S. July New Home Sales revised to 520,000 from original rate quoted by government of 515,000; U.S. August New Home Sales at lowest level in 17 years; The median price of a new home fell 6.2% to $221,900 in August from $236,500 in August 2007. The average home price tumbled by 12.4% to $263,900 from $301,300 a year earlier.

    Hot Stock picks on the move today for day trading:
    Ameron International Corporation (NYSE: AMN) posted a phenomenal loss on the trading session of a whopping 36 points or over 33 percent for a closing price of just over 72 points. Ameron was an interesting day trading stock for active day traders who were looking for a nice short-selling stock with no, prohibitions.

    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) triple digit gain of 196.89 points on the day to end the trading session at 11,022.06
    NYSE (New York Stock Exchange) triple digit gain of 159.05 points to end the trading session at 7,927.87
    NASDAQ gain of 30.89 points to end the trading session at 2,186.57
    S&P 500 gain of 23.31 points to end the trading session at 1,209.18
    FTSE All-World excluding U.S. gain of 2.70 points to end the trading session at 205.67
    FTSE RAFI 1000 gain of 93.27 points to end the trading session at 4,807.34
    BEL 20 (BEL20) gain of 40.07 points to end the trading session at 2,906.24
    CAC 40 (CAC40) triple digit gain of 112.27 points to end the trading session at 4,226.81
    FTSE100 (UKX100) triple digit gain of 101.45 points to end the trading session at 5,197.01
    NIKKEI 225 (NIK/O) triple digit loss of 108.5 points to end the trading session at 12,006.53

    New York Stock Exchange (NYSE) stock market indicators for the day:
    Advanced stock prices 2,282; declined stock prices 939; unchanged stock prices 67; stock prices hitting new highs 10 and stock prices hitting new lows 107.
    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: Rowan Companies Incorporated (NYSE: RDC) stock price gained 0.98 points on the trading session, high on the trading session $34.49, low on the trading session $31.99 with a closing stock price at $33.95; Ameron International Corporation (NYSE: AMN) stock price shed 36.12 points on the trading session, high on the trading session $92.00, low on the trading session $68.25 with a closing stock price at $72.02; CF Industries Holdings Incorporated (NYSE: CF) stock price shed 4.77 points on the trading session, high on the trading session $114.91, low on the trading session $106.31 with a closing stock price at $110.20; Autozone Incorporated (NYSE: AZO) stock price gained 2.79 points on the trading session, high on the trading session $130.38, low on the trading session $126.64 with a closing stock price at $128.77; First Potomac Realty Trust (NYSE: FPO) stock price gained 0.29 points on the trading session, high on the trading session $16.47, low on the trading session $15.92 with a closing stock price at $16.47; Streettracks Gold Trust (NYSE: GLD) stock price shed 0.26 points on the trading session, high on the trading session $87.80, low on the trading session $85.01 with a closing stock price at $86.45; NIKE, Incorporated (NYSE: NKE) stock price gained 5.74 points on the trading session, high on the trading session $65.78, low on the trading session $62.42 with a closing stock price at $65.01.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
    Advanced stock prices 1,711; declined stock prices 1,201; unchanged stock prices 126; stock prices hitting new highs 12; stock prices hitting new lows 126.
    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: Priceline.com Incorporated (NasdaqGS: PCLN ) stock price shed 1.39 points on the trading session, high on the trading session $79.24, low on the trading session $76.50 with a closing stock price at $77.42; Bed Bath & Beyond Incorporated (NasdaqGS: BBBY) stock price gained 1.48 points on the trading session, high on the trading session $33.14, low on the trading session $31.21 with a closing stock price at $32.20; Sequenom Incorporated (NasdaqGS: SQNM) stock price shed 0.62 points on the trading session, high on the trading session $29.14, low on the trading session $25.85 with a closing stock price at $27.13; H&E Equipment Services Incorporated (NasdaqGS: HEES) stock price shed 1.18 points on the trading session, high on the trading session $10.98, low on the trading session $8.26 with a closing stock price at $9.08; Google Incorporated (NasdaqGS: GOOG) stock price gained 0.54 points on the trading session, high on the trading session $450.00, low on the trading session $435.98 with a closing stock price at $435.65; First Solar Incorporated (NasdaqGS: FSLR) stock price gained 2.29 points on the trading session, high on the trading session $226.39, low on the trading session $216.63 with a closing stock price at $224.09.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
    Advanced stock prices 661; declined stock prices 541; unchanged stock prices 71; stock prices hitting new highs 2; stock prices hitting new lows 73.

    Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:
    E-mini S&P 500 (ES) end of day price 1,214.50 change 21.50
    E-mini NASDAQ-100 (NQ) end of day price 1,678.00, change 6.00
    E-mini S&P SmallCap 600 (SMP) end of day price 372.30, change 1.80
    $5 DJIA (YM) end of day price 11,017 change 157

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.6839 to U.S. Dollars 1.4622
    Japanese Yen 106.380 to U.S. Dollars 0.0094
    British Pound 0.5437 to U.S. Dollars 1.8394
    Canadian Dollar 1.0327 to U.S. Dollars 0.9683
    Swiss Franc 1.0895 to U.S. Dollars 0.9179

    Commodity Markets:
    Energy Sector: Light Crude (NYMEX: NYM) gained $2.29 on the day for a closing price of $108.02 a barrel ($US per barrel)
    Heating Oil (NYMEX: NYM) gained $0.01 on the day for a closing price of $3.03 a gallon ($US per gallon)
    Natural Gas (NYMEX: NYM) gained $0.02 on the day for a closing price of $7.93 per million BTU ($US per mmbtu.)
    Unleaded Gas (NYMEX: NYM) gained $0.10 on the day for a closing price of $2.70 a gallon ($US per gallon)

    Metals Markets:
    Gold Market Price (COMEX: CMX) shed $13.00 on the day for a closing price of $882.00 ($US per Troy ounce)
    Silver (COMEX: CMX) shed $0.17 on the day for a closing price of $13.28 ($US per Troy ounce)
    Platinum (NYMEX: NYM) shed $39.80 on the day for a closing price of $1,191.20 ($US per Troy ounce)
    Copper (COMEX: CMX) gained $0.03 on the day for a closing price of $3.13 ($US per pound)

    Livestock and Meat Markets (cents per lb.):
    Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.33 on the day for a closing price of 69.28
    Pork Bellies (Chicago Mercantile Exchange: CME) gained 0.13 on the day for a closing price of 98.15
    Live Cattle (Chicago Mercantile Exchange: CME) shed 1.58 on the day for a closing price of 102.63
    Feeder Cattle (Chicago Mercantile Exchange: CME) shed 1.08 on the day for a closing price of 106.38

    Other Commodities (cents per bushel):
    Corn (Chicago Board of Trade: CBT) shed 4.75 on the day for a closing price of 558.00
    Soybeans (Chicago Board of Trade: CBT) shed 4.00 on the day for a closing price of 1,185.00

    Bond Market:
    2 year bond shed 1 3/32 on the day for a closing price of 99 21/32 with a Yield of 2.16, Yield Change 0.20
    5 year bond shed 19/32 on the day for a closing price of 100 12/32 with a Yield of 3.03, Yield Change 0.12
    10 year bond shed 11/32 on the day for a closing price of 101 7/32 with a Yield of 3.84, Yield Change 0.04
    30 year bond gained 8/32 on the day for a closing price of 101 24/32 with a Yield of 4.39, Yield Change -0.01

    Thanks for reading
    Millennium-Traders.Com
     
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