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Discussion in 'Forex Daily News & Outlook' started by MTnews, Oct 22, 2008.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for October 22, 2008 from Millennium-Traders.Com

    DOW disaster, heavy selloff into the close of the market session, followed by a slight rebound after being down almost 700 points today and investor confidence continues to fade, as the flushing sound gets louder. (read more)

    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 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 loss of 514.45 points on the day to end the trading session at 8,519.21
    NYSE (New York Stock Exchange) triple digit loss of 420.78 points to end the trading session at 5,630.56
    National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 80.93 points to end the trading session at 1,615.75
    S&P 500 loss of 58.25 points to end the trading session at 896.80
    FTSE All-World excluding U.S. loss of 9.85 points to end the trading session at 146.50
    FTSE RAFI 1000 triple digit loss of 217.22 points to end the trading session at 3,521.20
    BEL 20 (BEL20) triple digit loss of 120.72 points to end the trading session at 1,968.63
    CAC 40 (CAC40) triple digit loss of 177.22 points to end the trading session at 3,298.18
    FTSE100 (UKX100) triple digit loss of 188.84 points to end the trading session at 4,040.89
    NIKKEI 225 (NIK/O) triple digit loss of 631.56 points to end the trading session at 8,674.69

    New York Stock Exchange (NYSE) stock market indicators for the day:
    Advanced stock prices 474 declined stock prices 2,739; unchanged stock prices 47; stock prices hitting new highs 1 and stock prices hitting new lows 436. 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: Agnico-Eagle Mines Limited (NYSE: AEM) stock price shed 8.75 points on the trading session, high on the trading session $32.93, low on the trading session $24.80 with a closing stock price at $25.80; Coventry Health Care Incorporated (NYSE: CVH) stock price shed 14.57 points on the trading session, high on the trading session $18.80, low on the trading session $13.49 with a closing stock price at $13.92; CEC Entertainment Incorporated (NYSE: CEC) stock price shed 4.57 points on the trading session, high on the trading session $22.48, low on the trading session $19.25 with a closing stock price at $22.00; Bunge Limited (NYSE: BG) stock price shed 5.72 points on the trading session, high on the trading session $40.46, low on the trading session $33.71 with a closing stock price at $35.25; Harley-Davidson Incorporated (NYSE: HOG) stock price shed 3.38 points on the trading session, high on the trading session $25.27, low on the trading session $21.42 with a closing stock price at $22.35; Rio Tinto plc (NYSE: RTP) stock price shed 24.750 points on the trading session, high on the trading session $157.50, low on the trading session $137.00 with a closing stock price at $143.00; Devon Energy Corporation (NYSE: DVN) stock price shed 7.87 points on the trading session, high on the trading session $73.58, low on the trading session $66.36 with a closing stock price at $69.34; Ultrashort Financial ProShares Corporation (NYSE: SKF) stock price gained 16.10 points on the trading session, high on the trading session $156.79, low on the trading session $135.82 with a closing stock price at $148.30; UltraShort MidCap400 (NYSE: MZZ) stock price gained 10.94 points on the trading session, high on the trading session $112.35, low on the trading session $100.87 with a closing stock price at $107.85; Massey Energy Company (NYSE: MEE) stock price shed 4.84 points on the trading session, high on the trading session $24.10, low on the trading session $19.27 with a closing stock price at $20.36; Transocean Incorporated (NYSE: RIG) stock price shed 9.92 points on the trading session, high on the trading session $74.81, low on the trading session $65.54 with a closing stock price at $68.88; CME Group Incorporated (NYSE: CME) stock price shed 24.19 points on the trading session, high on the trading session $326.46, low on the trading session $298.42 with a closing stock price at $304.50; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 5.86 points on the trading session, high on the trading session $71.85, low on the trading session $63.58 with a closing stock price at $67.50.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
    Advanced stock prices 423; declined stock prices 2,469; unchanged stock prices 89; stock prices hitting new highs 2; stock prices hitting new lows 304. 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: Apple Incorporated (NasdaqGS: AAPL) stock price gained 4.61 points on the trading session, high on the trading session $101.25, low on the trading session $92.93 with a closing stock price at $96.10; Cerner Corporation (NasdaqGS: CERN) stock price gained 2.32 points on the trading session, high on the trading session $39.26, low on the trading session $36.15 with a closing stock price at $37.34; Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 1.72 points on the trading session, high on the trading session $258.56, low on the trading session $237.45 with a closing stock price at $246.95.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
    Advanced stock prices 266; declined stock prices 898; unchanged stock prices 56; stock prices hitting new highs 2 and stock prices hitting new lows 123.

    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 898.00 change -61.25
    E-mini NASDAQ-100 (NQ) end of day price 1,241.00 change -51.50
    E-mini S&P SmallCap 600 (SMP) end of day price 271.00, change -15.00
    $5 DJIA (YM) end of day price 8,535 change -500

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7788 to U.S. Dollars 1.2841
    Japanese Yen 97.640 to U.S. Dollars 0.0102
    British Pound 0.6155 to U.S. Dollars 1.6247
    Canadian Dollar 1.2571 to U.S. Dollars 0.7955
    Swiss Franc 1.1619 to U.S. Dollars 0.8607

    Commodity Markets:
    Energy Sector: Light Crude (NYMEX: NYM) shed $5.43 on the day for a closing price of $66.75 a barrel ($US per barrel)
    Heating Oil (NYMEX: NYM) shed $0.14 on the day for a closing price of $2.06 a gallon ($US per gallon)
    Natural Gas (NYMEX: NYM) shed $0.10 on the day for a closing price of $7.21 per million BTU ($US per mmbtu.)
    Unleaded Gas (NYMEX: NYM) shed $0.12 on the day for a closing price of $1.57 a gallon ($US per gallon)

    Metals Markets:
    Gold Market Price (COMEX: CMX) shed $32.80 on the day for a closing price of $735.20 ($US per Troy ounce)
    Silver (COMEX: CMX) shed $0.62 on the day for a closing price of $9.46 ($US per Troy ounce)
    Platinum (NYMEX: NYM) shed $34.50 on the day for a closing price of $857.20 ($US per Troy ounce)
    Copper (COMEX: CMX) shed $0.14 on the day for a closing price of $1.87 ($US per pound)

    Livestock and Meat Markets (cents per lb.):
    Lean Hogs (Chicago Mercantile Exchange: CME) shed 0.13 on the day for a closing price of 57.65
    Pork Bellies (Chicago Mercantile Exchange: CME) shed 3.00 on the day for a closing price of 87.95
    Live Cattle (Chicago Mercantile Exchange: CME) shed 1.10 on the day for a closing price of 91.88
    Feeder Cattle (Chicago Mercantile Exchange: CME) shed 0.58 on the day for a closing price of 98.55

    Other Commodities (cents per bushel):
    Corn (Chicago Board of Trade: CBT) shed 26.00 on the day for a closing price of 385.00
    Soybeans (Chicago Board of Trade: CBT) shed 50.50 on the day for a closing price of 864.75

    Bond Market:
    2 year bond gained 5/32 on the day for a closing price of 100 28/32 with a Yield of 1.52, Yield Change -0.09
    5 year bond gained 15/32 on the day for a closing price of 102 621/32 with a Yield of 2.54, Yield Change -0.10
    10 year bond gained 24/32 on the day for a closing price of 103 7/32 with a Yield of 3.59, Yield Change -0.25
    30 year bond gained 2 19/32 on the day for a closing price of 107 15/32 with a Yield of 4.06, Yield Change -0.14

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