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Market Commentary for January 15, 2008 from Millennium-Traders.Com

Discussion in 'Forex Daily News & Outlook' started by MTnews, Jan 15, 2008.

  1. MTnews

    MTnews Content Contributor

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    At the closing bell, here is how the major indices ended the session: the DOW (Dow Jones Industrial Average) posted a triple digit loss of 277.04 points on the day to end the session at 12,501.11; the NYSE (New York Stock Exchange) posted a triple digit loss of 267.17 points to end the session at 9,172.17; the NASDAQ posted a loss of 60.71 points for a close at 2,417.59; the S&P 500 posted a loss of 35.30 points for a close at 1,380.95 and the RUSSELL 2000 moved lower by 15.05 points to close at 697.43. The FTSE All-World Index ex-US (top Large/Mid Cap aggregate from over 2,700 stocks from the FTSE Global Equity Index Series (GEIS) which covers 90% of the world’s investable market capitalization) posted a loss of 6.11 points to close at 248.27 and the FTSE RAFI 1000 posted a loss of 139.46 points to close at 5,592.44.

    On the NYSE today, advancers came in at 783; decliners totaled 2,391; unchanged came in at 92; new highs came in at 24 and new lows came in at 324.

    Momentum stocks traded by active Day Traders on the NYSE today: iShares FTSE/Xinhua China 25 Index (FXI) shed 13.21 points with a high on the day of $163.48, a low of $157.00 for a closing price at $157.54; CME Group, Incorporated (CME) shed 26.61 points with a high on the day of $619.93, a low of $596.39 for a closing price at $596.75; Goldman Sachs Group Incorporated (GS) shed 8.36 points with a high on the day of $199.55, a low of $192.36 for a closing price at $193.29; Petroleo Brasileiro (PBR) shed 5.76 points with a high on the day of $109.30, a low of $103.95 for a closing price at $105.50; LDK Solar Corporation Limited (LDK) shed 6.34 points with a high on the day of $42.31, a low of $36.13 for a closing price at $36.59; China Mobile Limited (CHL) shed 6.56 points with a high on the day of $80.80, a low of $76.95 for a closing price at $77.65; Citigroup Incorporated (C) shed 2.12 points with a high on the day of $28.36, a low of $26.71 for a closing price at $26.94; Fluor Corporation (FLR) shed 8.75 points with a high on the day of $142.24, a low of $133.50 for a closing price at $134.32; Suntech Power Holdings Corporation Limited (STP) shed 10.78 points with a high on the day of $70.00, a low of $58.46 for a closing price at $59.44; Potash Corp. of Saskatchewan, Incorporated (POT) shed 6.51 points with a high on the day of $152.44, a low of $142.19 for a closing price at $143.61; Harman International Industries Incorporated (HAR) shed 2.75 points with a high on the day of $42.12, a low of $39.80 for a closing price at $40.25; HDFC Bank Limited (HDB) shed 9.96 points with a high on the day of $138.67, a low of $129.88 for a closing price at $130.36; Mosaic Corporation (MOS) shed 8.30 points with a high on the day of $108.39, a low of $99.15 for a closing price at $101.24; New Oriental Education & Technology Group (EDU) shed 18.14 points with a high on the day of $77.21, a low of $53.71 for a closing price at $62.77; InterContinental Exchange, Incorporated (ICE) shed 8.92 points with a high on the day of $172.34, a low of $162.51 for a closing price at $163.55 and Oil Services HOLDRs (OIH) shed 9.38 points with a high on the day of $181.33, a low of $174.31 for a closing price at $175.22.

    On the NASDAQ today, advanced totaled 727; decliners totaled 2,291; unchanged came in at 110; new highs came in at 17 and new lows came in at 403.

    Momentum stocks traded by active Day Traders on the NASDAQ today: Hibbett Sports, Incorporated (HIBB) shed 2.58 points with a high on the day of $13.73, a low of $12.30 for a closing price at $13.38; JA Solar Holdings Corporation Limited (JASO) shed 9.25 points with a high on the day of $70.87, a low of $63.27 for a closing price at $63.88; Converted Organics Incorporated (COIN) gained 0.28 points with a high on the day of $13.55, a low of $11.26 for a closing price at $12.58; Apple Incorporated (AAPL) shed 9.74 points with a high on the day of $179.22, a low of $164.66 for a closing price at $169.04; First Solar Incorporated (FSLR) shed 19.97 points with a high on the day of $220.00, a low of $203.42 for a closing price at $204.79; SunPower Corporation (SPWR) shed 12.49 points with a high on the day of $109.07, a low of $95.67 for a closing price at $98.12; Intuitive Surgical, Incorporated (ISRG) shed 9.47 points with a high on the day of $264.40, a low of $250.50 for a closing price at $256.22; Baidu.com Incorporated (BIDU) shed 22.20 points with a high on the day of $334.96, a low of $314.53 for a closing price at $318.20; Priceline.com Incorporated (PCLN) gained 2.76 points with a high on the day of $105.25, a low of $96.51 for a closing price at $103.28; Garmin Limited (GRMN) shed 4.29 points with a high on the day of $69.20, a low of $65.05 for a closing price at $65.63; FCStone Group; Deckers Outdoor Corporation (DECK) shed 7.34 points with a high on the day of $134.83, a low of $125.48 for a closing price at $130.00 and Matria Healthcare Incorporated (MATR) gained 4.86 points with a high on the day of $30.40, a low of $21.79 for a closing price at $29.31.

    U.S. December Producer Prices fell 0.1% compared to consensus of an increase by 0.1%; U.S. December PPI Excluding-Food & Energy rose 0.2% compared to consensus of an increase by 0.1%; U.S. December PPI Intermediate Goods fell 0.2%; U.S. December PPI Core Intermediate Goods remained Unchanged; U.S. December PPI Crude Goods rose 1.0%; U.S. December PPI Core Crude Goods remained Unchanged; U.S. December PPI Energy Prices fell 1.9%; U.S. December Passenger Car Prices fell 0.9%; U.S. PPI rose 6.3% in 2007 which is highest Calendar-Year rise since 1981; U.S. November PPI remained unrevised at an increase by 3.2%; U.S. December Retail & Food Sales fell 0.4% compared to consensus of a drop by 0.1% and U.S. December Retail & Food Sales Excluding-Autos fell 0.4%.

    New York Fed's January Manufacturing Index came in at 9.03 versus 9.80 in December; New York Fed January New Orders came in at0.04 versus 13.18 in December; New York Fed January Employment came in at2.44 versus 5.00 in December and New York Fed January Prices Received came in at18.29 versus 12.50 in December.

    Redbook data released today: U.S. Retail Sales fell 0.1% for first week of January versus December.

    Commodities Markets
    The trend was lower across the board today for the Energy Sector: Light crude moved lower today by $2.30 to close at $91.9 a barrel; Heating Oil moved lower today by $0.04 to close at $2.53 a gallon; Natural Gas moved lower today by $0.14 to close at $8.13 per million BTU and Unleaded Gas moved lower today by $0.06 to close at $2.31 a gallon.

    Metals Market ended the session mostly lower across the board today: Gold moved lower today by $0.90 to close at $902.50 a Troy ounce; Silver moved lower today by $0.13 to close at $16.30 per Troy ounce; Platinum moved higher today by $1.50 to close at $1,585.50 per Troy ounce and Copper moved lower by $0.10 today to close at $3.24 per pound.

    On the Livestock and Meat Markets, the trend was mostly lower across the board today: Lean Hogs ended the day lower by $0.88 to close at $62.25; Pork Bellies ended the day higher by $0.03 at $84.65; Live Cattle ended the day lower by $0.90 at $94.30 and Feeder Cattle ended the day lower by $0.35 at $101.10.

    Other Commodities: Corn ended the day lower today by $3.00 at $508.75 and Soybeans moved higher today by $5.00 to end the session at $1,301.00.

    Bonds were higher across the board today: 2 year bond moved higher by 12/32 to close at 101 12/32; 5 year bond moved higher by 111/32 to close at 102 30/32 today; 10 year bond moved higher by 23/32 to close at 104 18/32 and the 30 year bond moved higher by 1 11/32 to close at 111 28/32 on the day.

    The e-mini Dow ended the session today at 12,588 with a loss of 162103 points on the trading session. The total Dow Exchange Volume for the day came in at 133,111 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 3,675,114; Open Interest for Futures moved higher by 36,364 points to close at 10,055,882; the Open Interest for Options moved higher by 221,362 points to close at 7,922,733 and the Cleared Only closed higher by 509 points to close at 21,762 for a total Open Interest on the day of 18,000,377 for a total Change on the day with a gain of 258,235 points.

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