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Short Selling

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

  1. MTnews

    MTnews Content Contributor

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

    It appears that todays trading activity to the down side should prove to Hank Paulson and company that day traders and investors who focused on short selling are not responsible for the falling prices of stocks related to the financial sector. (read more)

    Hot Stock picks on the move today for day trading:
    Devon Energy Corporation (NYSE: DVN) moved lower on the session from the opening bell. Devon provided day traders an interesting day trading stock both on the long end as well as the short selling end with a loss at the close of three and a quarter point.Pioneer Natural Resources Company (NYSE: PXD) posted a gain of just over a point and a quarter on the trading session. From the opening bell, Pioneer was able to climb steadily into the mid-afternoon trading session where it reversed and moved lower, ending the day slightly higher. A good day trading stock for both day traders going long and, short selling.

    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 372.75 points on the day to end the trading session at 11,015.69
    NYSE (New York Stock Exchange) triple digit loss of 268.46 points to end the trading session at 7,918.67
    NASDAQ loss of 94.92 points to end the trading session at 2,178.98
    S&P 500 loss of 47.99 points to end the trading session at 1,207.09
    FTSE All-World excluding U.S. loss of 1.93 points to end the trading session at 207.77
    FTSE RAFI 1000 triple digit loss of 235.47 points to end the trading session at 4,812.28
    BEL 20 (BEL20) loss of 85.13 points to end the trading session at 2,967.70
    CAC 40 (CAC40) triple digit loss of 101.36 points to end the trading session at 4,112.51
    FTSE100 (UKX100) loss of 75.04 points to end the trading session at 5,236.26
    NIKKEI 225 (NIK/O) triple digit gain of 169.73 points to end the trading session at 12,090.59

    New York Stock Exchange (NYSE) stock market indicators for the day:
    Advanced stock prices 629; declined stock prices 2,601; unchanged stock prices 59; stock prices hitting new highs 19 and stock prices hitting new lows 56.
    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: Amphenol Corporation (NYSE: APH) stock price gained 0.50 points on the trading session, high on the trading session $46.99, low on the trading session $45.07 with a closing stock price at $45.40; SPX Corporation (NYSE: SPW) stock price shed 4.43 points on the trading session, high on the trading session $100.08, low on the trading session $93.18 with a closing stock price at $96.72; Gardner Denver Incorporated (NYSE: GDI) stock price shed 2.53 points on the trading session, high on the trading session $39.48, low on the trading session $37.47 with a closing stock price at $38.04; Vulcan Materials Company (NYSE: VMC) stock price shed 6.19 points on the trading session, high on the trading session $82.84, low on the trading session $74.85 with a closing stock price at $76.80; Potash Corporation Saskatchewan (NYSE: POT) stock price gained 3.76 points on the trading session, high on the trading session $184.88, low on the trading session $175.12 with a closing stock price at $179.00; Devon Energy Corporation (NYSE: DVN) stock price shed 3.25 points on the trading session, high on the trading session $106.98, low on the trading session $101.60 with a closing stock price at $102.25; Ultrashort Financial Corporation (NYSE: SKF) stock price gained 0.92 points on the trading session, high on the trading session $102.60, low on the trading session $95.98 with a closing stock price at $100.92; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 9.02 points on the trading session, high on the trading session $135.64, low on the trading session $120.43 with a closing stock price at $120.78; Morgan Stanley (NYSE: MS) stock price shed 0.12 points on the trading session, high on the trading session $31.65, low on the trading session $26.61 with a closing stock price at $27.09; Pioneer Natural Resources Company (NYSE: PXD) stock price gained 1.38 points on the trading session, high on the trading session $58.06, low on the trading session $54.36 with a closing stock price at $55.25.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
    Advanced stock prices 684; declined stock prices 2,251; unchanged stock prices 106; stock prices hitting new highs 23; stock prices hitting new lows 64.
    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: Lihir Gold Limited (NasdaqGS: LIHR) stock price gained 0.42 points on the trading session, high on the trading session $25.50, low on the trading session $21.36 with a closing stock price at $24.80; Sears Holdings Corporation (NasdaqGS: SHLD) stock price shed 3.82 points on the trading session, high on the trading session $101.64, low on the trading session $95.00 with a closing stock price at $97.65; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 19.25 points on the trading session, high on the trading session $240.47, low on the trading session $221.02 with a closing stock price at $222.65; Goggle Incorporated (NasdaqGS: GOOG) stock price shed 18.24 points on the trading session, high on the trading session $454.13, low on the trading session $429.00 with a closing stock price at $430.91; Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 18.28 points on the trading session, high on the trading session $293.49, low on the trading session $265.60 with a closing stock price at $271.47.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
    Advanced stock prices 456; declined stock prices 749; unchanged stock prices 71; stock prices hitting new highs 5; stock prices hitting new lows 53.

    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 1,213.75 change -32.25
    E-mini NASDAQ-100 (NQ) end of day price 1,670.50, change -69.00
    E-mini S&P SmallCap 600 (SMP) end of day price 397.10, change 0.00
    $5 DJIA (YM) end of day price 11,064 change -295

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.6754 to U.S. Dollars 1.4806
    Japanese Yen 105.320 to U.S. Dollars 0.0095
    British Pound 0.5381 to U.S. Dollars 1.8585
    Canadian Dollar 1.0339 to U.S. Dollars 0.9672
    Swiss Franc 1.0722 to U.S. Dollars 0.9327

    Commodity Markets:
    Energy Sector: Light Crude (NYMEX: NYM) gained $16.37 on the day for a closing price of $120.00 a barrel ($US per barrel)
    Heating Oil (NYMEX: NYM) gained $0.15 on the day for a closing price of $3.06 a gallon ($US per gallon)
    Natural Gas (NYMEX: NYM) gained $0.10 on the day for a closing price of $7.94 per million BTU ($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) gained $44.30 on the day for a closing price of $909.00 ($US per Troy ounce)
    Silver (COMEX: CMX) gained $0.98 on the day for a closing price of $13.45 ($US per Troy ounce)
    Platinum (NYMEX: NYM) gained $88.80 on the day for a closing price of $1,235.80 ($US per Troy ounce)
    Copper (COMEX: CMX) gained $0.08 on the day for a closing price of $3.26 ($US per pound)

    Livestock and Meat Markets (cents per lb.):
    Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.45 on the day for a closing price of 68.65
    Pork Bellies (Chicago Mercantile Exchange: CME) gained 2.83 on the day for a closing price of 93.73
    Live Cattle (Chicago Mercantile Exchange: CME) gained 0.65 on the day for a closing price of 103.90
    Feeder Cattle (Chicago Mercantile Exchange: CME) gained 1.18 on the day for a closing price of 106.48

    Other Commodities (cents per bushel):
    Corn (Chicago Board of Trade: CBT) gained 16.25 on the day for a closing price of 558.50
    Soybeans (Chicago Board of Trade: CBT) gained 61.50 on the day for a closing price of 1,204.00

    Bond Market:
    2 year bond gained 4/32 on the day for a closing price of 100 16/32 with a Yield of 2.10, Yield Change -0.06
    5 year bond gained 2/32 on the day for a closing price of 100 15/32 with a Yield of 3.02, Yield Change -0.01
    10 year bond shed 3/32 on the day for a closing price of 101 16/32 with a Yield of 3.81, Yield Change 0.01
    30 year bond shed 7/32 on the day for a closing price of 101 23/32 with a Yield of 4.39, Yield Change 0.01

    Thanks for reading
    Millennium-Traders.Com
     
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