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Crude Oil Spikes over $100 a Barrel

Discussion in 'Forex Daily News & Outlook' started by MTnews, Feb 19, 2008.

  1. MTnews

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    Daily Market Commentary for February 19, 2008 from Millennium-Traders.Com

    At the closing bell on the Stock Exchange, here is how the major indices ended the session on the U.S. Markets:

    DOW (Dow Jones Industrial Average) loss of 10.99 points on the day to end the session at 12,337.22

    NYSE (New York Stock Exchange) gain of 52.28 points to end the session at 9,023.04

    NASDAQ loss of 15.60 points for a close at 2,306.20

    S&P 500 loss of 1.21 points for a close at 1,348.78

    RUSSELL 2000 gain of 0.82 points to close at 702.34

    FTSE All-World ex-U.S. gain of 2.26 points to close at 241.33

    FTSE RAFI 1000 loss of 2.20 points to close at 5,555.68

    BEL 20 gain of 103.45 points to close at 3,766.23

    CAC 40 gain of 114.04 points to close at 4,885.83

    FTSE100 gain of 179.3 points to close at 5,966.90

    NIKKEI 225 gain of 135.3 points to close at 13,757.90

    On the NYSE today, advancers came in at 1,823 decliners totaled 1,349; unchanged came in at 74; new highs came in at 46 and new lows came in at 41. Momentum stocks traded by active Day Traders on the NYSE today: CME Group, Incorporated (CME) shed 6.97 points with a high on the day of $533.10, a low of $514.60 for a closing price at $533.10; Transocean, Incorporated (RIG) gained 0.58 points with a high on the day of $132.00, a low of $128.79 for a closing price at $129.65; CONSOL Energy Incorporated (CNX) gained 3.57 points with a high on the day of $79.80, a low of $76.31 for a closing price at $78.65; Petroleo Brasileiro (PBR) gained 3.21 points with a high on the day of $120.54, a low of $116.86 for a closing price at $117.66; Uniao de Bancos Brasileiros S.A. (Unibanco) (UBB) gained 4.14 points with a high on the day of $133.41, a low of $129.79 for a closing price at $130.51; Holly Corporation (HOC) gained 5.81 points with a high on the day of $53.91, a low of $49.99 for a closing price at $53.31; BlackRock, Incorporated (BLK) shed 7.42 points with a high on the day of $199.23, a low of $180.17 for a closing price at $188.36; Siemens AG (SI) gained 2.11 points with a high on the day of $133.51, a low of $130.80 for a closing price at $131.40; Monsanto Corporation (MON) gained 2.52 points with a high on the day of $119.99, a low of $117.02 for a closing price at $117.87; Mosaic Corporation (MOS) gained 6.18 points with a high on the day of $111.73, a low of $105.55 for a closing price at $109.55; Cleveland-Cliffs Incorporated (CLF) gained 4.70 points with a high on the day of $126.27, a low of $120.14 for a closing price at $122.26; Best Buy Co. Incorporated (BBY) shed 0.79 points with a high on the day of $45.10, a low of $43.41 for a closing price at $43.82; The Bear Stearns Companies, Incorporated (BSC) shed 2.77 points with a high on the day of $83.50, a low of $78.90 for a closing price at $80.02; Deere & Company (DE) shed 1.51 points with a high on the day of $86.34, a low of $82.36 for a closing price at $83.49; InterContinental Exchange, Incorporated (ICE) shed 4.78 points with a high on the day of $135.43, a low of $127.28 for a closing price at $127.58; Suntech Power Holdings Corporation Limited (STP) shed 2.61 points with a high on the day of $50.30, a low of $44.90 for a closing price at $45.89; ITT Educational Services Incorporated (ESI) shed 4.43 points with a high on the day of $71.23, a low of $66.04 for a closing price at $66.42; Goldman Sachs Group Incorporated (GS) shed 4.61 points with a high on the day of $181.37, a low of $172.68 for a closing price at $173.80.

    On the NASDAQ today, advanced totaled 1,408; decliners totaled 1,562; unchanged came in at 136; new highs came in at 21 and new lows came in at 140. Momentum stocks traded by active Day Traders on the NASDAQ today: First Solar, Incorporated (FSLR) shed 7.45 points with a high on the day of $220.80, a low of $210.02 for a closing price at $211.94; Baidu.com Incorporated (BIDU) shed 12.35 points with a high on the day of $266.67, a low of $244.50 for a closing price at $246.75; Deckers Outdoor Corporation (DECK) gained 4.77 points with a high on the day of $121.00, a low of $118.41 for a closing price at $119.15; Google Incorporated (GOOG) shed 20.69 points with a high on the day of $535.06, a low of $506.50 for a closing price at $508.95; SunPower Corporation (SPWR) shed 3.47 points with a high on the day of $82.38, a low of $75.14 for a closing price at $75.97; Priceline.com Incorporated (PCLN) shed 1.25 points with a high on the day of $125.73, a low of $120.22 for a closing price at $122.61; Onyx Pharmaceuticals Incorporated (ONXX) shed 11.89 points with a high on the day of $37.23, a low of $32.23 for a closing price at $33.09; United Stationers Incorporated (USTR) shed 5.15 points with a high on the day of $57.81, a low of $51.48 for a closing price at $51.99; Amedisys Incorporated (AMED) gained 2.14 points with a high on the day of $47.67, a low of $44.01 for a closing price at $45.50; Garmin Limited (GRMN) gained 3.15 points with a high on the day of $70.44, a low of $57.51 for a closing price at $69.50; Intuitive Surgical, Incorporated (ISRG) shed 12.77 points with a high on the day of $309.44, a low of $287.12 for a closing price at $29.50; Huron Consulting Group Incorporated (HURN) shed 7.53 points with a high on the day of $65.18, a low of $55.91 for a closing price at $56.03.

    Commodities Markets
    The trend was higher across the board today for the Energy Sector: Light crude moved sharply higher today by $4.51 to close at a record high at $100.01 a barrel; Heating Oil moved higher today by $0.12 to close at $2.74 a gallon; Natural Gas moved higher today by $0.33 to close at $9.00 per million BTU and Unleaded Gas moved higher today by $0.11 to close at $2.60 a gallon.

    Metals Markets ended the session higher across the board today: Gold moved sharply higher today by $23.70 to close at $929.80 a Troy ounce; Silver moved higher today by $0.39 to close at $17.51 per Troy ounce; Platinum moved strongly higher today by $89.40 to close at $2,153.10 per Troy ounce and Copper closed higher by $0.19 to close at $3.73 per pound.

    On the Livestock and Meat Markets, the trend was mostly higher across the board today: Lean Hogs ended the day higher by $0.33 to close at $64.53; Pork Bellies ended the day higher by $1.23 to close at $95.53; Live Cattle ended the day lower by $0.05 to close at $93.93 and Feeder Cattle ended the day higher by $0.28 at $104.90.

    Other Commodities: Corn ended the day higher by $5.50 at $532.50 and Soybeans moved sharply higher today by $26.50 to end the session at $1,417.00.

    Bonds were lower across the board today: 2 year bond moved lower by 10/32 to close at 100 2/32; 5 year bond moved lower by 26/32 to close at 99 22/32 today; 10 year bond moved lower by 30/32 to close at 96 23/32 and the 30 year bond moved lower by 1 16/32 to close at 95 5/32 on the day.

    The e-mini Dow ended the session today at 12,344 with a loss of 6 points on the trading session. The total Dow Exchange Volume for the day came in at 138,820 which are comprised of Electronic, Open Auction and Cash Exchange. Traders should review workshops available at the CBOT (Chicago Board of Trade) Educational in-person seminars schedules available on CBOT (Chicago Board of Trade) website.

    The end of day results for the CBOT (Chicago Board of Trade) which is comprised of the total Exchange Volume for Futures and Options (EVFO) including Electronic, Open Auction and Cash Exchange ended the day at 3,714,918; Open Interest for Futures moved lower by 55,782 points to close at 10,790,428; the Open Interest for Options moved higher by 94,313 points to close at 10,573,553 and the Cleared Only closed higher by 335 points to close at 26,634 for a total Open Interest on the day of 21,390,615 for a total Change on the day with a gain of 38,866 points.

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    Thanks for reading
    Millennium-Traders.Com

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