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Market Swing Wildly after Fed Announce

Discussion in 'Forex Daily News & Outlook' started by MTnews, Jan 30, 2008.

  1. MTnews

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    Daily Market Commentary for January 30, 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 40.89 points on the day to end the session at 12,439.41

    NYSE (New York Stock Exchange) loss of 34.15 points to end the session at 9,011.87

    NASDAQ loss of 9.06 points for a close at 2,349.00

    S&P 500 loss of 6.92 points for a close at 1,355.38

    RUSSELL 2000 loss of 9.54 points to close at 695.56

    FTSE Global Equity Index Series (GEIS) gain of 0.15 points to close at 241.58

    FTSE RAFI 1000 gain of 57.58 points to close at 5,660.33

    BEL 20 loss of 1.35 points to close at 3,767.06

    CAC 40 loss of 67.88 points to close at $4,873.57

    FTSE100 loss of 47.9 points to close at 5,837.30

    NIKKEI 225 loss of 133.9 points to close at 13,345.00

    On the NYSE today, advancers came in at 1,331; decliners totaled 1,834; unchanged came in at 92; new highs came in at 31 and new lows came in at 31. Momentum stocks traded by active Day Traders on the NYSE today: CME Group Incorporated (CME) shed 18.75 points with a high on the day of $618.65, a low of $593.98 for a closing price at $598.25; iShares FTSE/Xinhua China 25 Index (FXI) shed 6.95 points with a high on the day of $150.38, a low of $141.81 for a closing price at $142.35; Baker Hughes Incorporated (BHI) shed 6.17 points with a high on the day of $69.60, a low of $66.78 for a closing price at $67.27; Mosaic Corporation (MOS) shed 3.55 points with a high on the day of $94.73, a low of $87.61 for a closing price at $88.95; InterContinental Exchange, Incorporated (ICE) shed 3.53 points with a high on the day of $145.00, a low of $137.03 for a closing price at $138.36; Petroleo Brasileiro (PBR) gained 0.72 points with a high on the day of $114.24, a low of $107.05 for a closing price at $109.25; Schlumberger Limited (SLB) shed 2.94 points with a high on the day of $79.12, a low of $75.55 for a closing price at $75.75; Tupperware Brands Corporation (TUP) gained 5.19 points with a high on the day of $36.99, a low of $32.55 for a closing price at $34.55; Dover Corporation (DOV) gained 2.66 points with a high on the day of $42.20, a low of $39.20 for a closing price at $41.06; PepsiAmericas Incorporated (PAS) shed 5.63 points with a high on the day of $27.73, a low of $23.00 for a closing price at $23.25; Goldman Sachs Group Incorporated (GS) gained 2.50 points with a high on the day of $205.97, a low of $193.40 for a closing price at $198.55; Under Armour, Incorporated (UA) gained 1.20 points with a high on the day of $39.61, a low of $36.73 for a closing price at $37.59; Canon Incorporated (CAJ) shed 2.78 points with a high on the day of $43.17, a low of $41.19 for a closing price at $42.19; Alliance Data Systems Corporation (ADS) shed 0.30 points with a high on the day of $44.48, a low of $40.60 for a closing price at $42.70; MEMC Electronic Materials Incorporated (WFR) shed 3.33 points with a high on the day of $75.32, a low of $71.17 for a closing price at $71.53; New Oriental Education & Technology Group (EDU) shed 2.89 points with a high on the day of $54.54, a low of $50.68 for a closing price at $52.25; Uniao de Bancos Brasileiros S.A. (Unibanco) (UBB) shed 2.25 points with a high on the day of $135.35, a low of $125.48 for a closing price at $129.00; NVR Incorporated (NVR) shed 27.65 points with a high on the day of $633.50, a low of $600.05 for a closing price at $600.00; Fluor Corporation (FLR) shed 4.23 points with a high on the day of $123.80, a low of $118.69 for a closing price at $119.91; Potash Corp. of Saskatchewan, Incorporated (POT) shed 4.67 points with a high on the day of $142.95, a low of $135.60 for a closing price at $136.25; VMware, Incorporated (VMW) gained 1.03 points with a high on the day of $57.17, a low of $53.57 for a closing price at $55.90; Mastercard Incorporated (MA) shed 2.46 points with a high on the day of $197.71, a low of $188.00 for a closing price at $189.00; Inverness Medical Innovations Incorporated (IMA) shed 4.30 points with a high on the day of $47.85, a low of $43.75 for a closing price at $43.80; Companhia Siderurgica Nacional (SID) gained 1.83 points with a high on the day of $95.80, a low of $89.33 for a closing price at $92.88; Transocean, Incorporated (RIG) shed 3.21 points with a high on the day of $127.00, a low of $123.09 for a closing price at $123.27.

    On the NASDAQ today, advanced totaled 1,313; decliners totaled 1,710; unchanged came in at 109; new highs came in at 20 and new lows came in at 119. Momentum stocks traded by active Day Traders on the NASDAQ today: Baidu.com Incorporated (BIDU) shed 11.32 points with a high on the day of $272.99, a low of $253.83 for a closing price at $259.39; Cymer Incorporated (CYMI) shed 6.88 points with a high on the day of $29.35, a low of $26.55 for a closing price at $27.00; Healthways Incorporated (HWAY) shed 10.52 points with a high on the day of $56.99, a low of $53.35 for a closing price at $55.85; Apple Incorporated (AAPL) gained 0.64 points with a high on the day of $135.45, a low of $130.00 for a closing price at $132.18; First Solar Incorporated (FSLR) shed 7.55 points with a high on the day of $191.39, a low of $180.59 for a closing price at $184.35; Mercadolibre, Incorporated (MELI) shed 5.9059points with a high on the day of $41.00, a low of $35.96 for a closing price at $36.11; Google Incorporated (GOOG) shed 2.25 points with a high on the day of $560.43, a low of $543.51 for a closing price at $548.27; Ctrip.com International Limited (CTRP) shed 3.48 points with a high on the day of $46.37, a low of $42.25 for a closing price at $42.82; SunPower Corporation (SPWR) shed 4.30 points with a high on the day of $74.55, a low of $69.05 for a closing price at $70.30; Sears Holdings Corporation (SHLD) gained 1.11 points with a high on the day of $109.00, a low of $102.71 for a closing price at $105.07; AMAG Pharmaceuticals, Incorporated (AMAG) shed 5.64 points with a high on the day of $58.47, a low of $43.59 for a closing price at $50.02; Conceptus, Incorporated (CPTS) gained 0.79 points with a high on the day of $17.79, a low of $15.04 for a closing price at $16.04; SiRF Technology Holdings Incorporated (SIRF) shed 1.47 points with a high on the day of $15.86, a low of $14.50 for a closing price at $14.58; Garmin Limited (GRMN) gained 0.13 points with a high on the day of $71.35, a low of $68.03 for a closing price at $70.34.

    Fed cuts Fed Funds Rate 0.50 Basis Points to 3.0%, sees Downside Risks. FOMC Voted 9-1 for Fed Funds Rate Cut. Additional comments from FOMC: Inflation Should Moderate, will Monitor Closely; Credit Has Tightened for Businesses, Households; Financial Markets Remain Under Considerable Stress; Recent Information Shows Deepening Housing Contraction, Soft Labor Markets; Will Act In Timely Manner As Needed To Address Econ Risks; Rate Cut Should Promote Moderate Growth, Risks Remain; Fisher Dissented, Preferred no Change in Rates.

    Commodities Markets: The trend was higher across the board today for the Energy Sector: Light crude moved higher today by $0.11 to close at $91.75 a barrel; Heating Oil moved higher today by $0.01 to close at $2.54 a gallon; Natural Gas moved higher today by $0.10 to close at $8.05 per million BTU and Unleaded Gas closed with no change at $2.33 a gallon.

    Metals Markets: ended the session lower across the board today: Gold moved lower today by $4.50 to close at $926.30 a Troy ounce; Silver moved lower today by $0.04 to close at $16.76 per Troy ounce; Platinum moved sharply lower today by $34.50 to close at $1,687.40 per Troy ounce and Copper moved lower by $0.07 today to close at $3.23 per pound.

    On the Livestock and Meat Markets: the trend was mostly higher across the board today: Lean Hogs ended the day higher by $0.48 to close at $66.10; Pork Bellies ended the day higher by $2.18 to close at $93.03; Live Cattle ended the day lower by $0.23 at $94.53 and Feeder Cattle ended the day higher by $0.85 at $105.10.

    Other Commodities: Corn ended the day lower today by $2.50 at $498.50 and Soybeans moved nicely higher today by $10.75 to end the session at $1,275.75.

    Bonds: were mostly lower across the board today: 2 year bond moved higher by 4/32 to close at 99 25/32; 5 year bond moved lower by 3 15/32 to close at 99 28/32 today; 10 year bond moved lower by 8/32 to close at 104 12/32 and the 30 year bond moved lower by 20/32 to close at 109 23/32 on the day.

    The e-mini Dow ended the session today at 12,582 with a gain of 111 points on the trading session. The total Dow Exchange Volume for the day came in at 143,916 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 3,806,374; Open Interest for Futures moved higher by 12,394 points to close at 10,429,913; the Open Interest for Options moved higher by 159,427 points to close at 8,931,322 and the Cleared Only closed lower by 98 points to close at 21,822 for a total Open Interest on the day of 19,383,057 for a total Change on the day with a gain of 171,723 points.

    Monitor scheduled economic data every market morning by viewing the Daily Market Report from Millennium-Traders, free access to visitors on our website.

    Thanks for reading
    Millennium-Traders.Com

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