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Discussion in 'Forex Daily News & Outlook' started by MTnews, Oct 20, 2008.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for October 20, 2008 from Millennium-Traders.Com

    We are in a severe slowdown, with severe consequences," Bernanke said. "A fiscal package would not only boost overall spending and economic activity. (read more)

    Economic data released today:
    Leading Indicators: U.S. Conference Board September Leading Index rose 0.3 percent; U.S. Conference Board September Coincident Index fell 0.5 percent; U.S. Conference Board September Lagging Index fell 0.2 percent.

    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 gain of 413.21 points on the day to end the trading session at 9,265.43
    NYSE (New York Stock Exchange) triple digit gain of 338.80 points to end the trading session at 6,287.80
    National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 58.74 points to end the trading session at 1,770.03
    S&P 500 gain of 44.85 points to end the trading session at 985.40
    FTSE All-World excluding U.S. gain of 6.19 points to end the trading session at 159.94
    FTSE RAFI 1000 triple digit gain of 161.02 points to end the trading session at 3,844.83
    BEL 20 (BEL20) gain of 94.23 points to end the trading session at 2,109.53
    CAC 40 (CAC40) triple digit gain of 118.59 points to end the trading session at 3,448.51
    FTSE100 (UKX100) triple digit gain of 219.66 points to end the trading session at 4,282.67
    NIKKEI 225 (NIK/O) triple digit gain of 311.77 points to end the trading session at 9,005.59

    New York Stock Exchange (NYSE) stock market indicators for the day:
    Advanced stock prices 2,700 declined stock prices 546; unchanged stock prices 42; stock prices hitting new highs 2 and stock prices hitting new lows 3.
    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: CME Group Incorporated (NYSE: CME) stock price short 4.88 points on the trading session, high on the trading session $370.98, low on the trading session $350.09 with a closing stock price at $360.32; Bunge Limited (NYSE: BG) stock price gained 2.05 points on the trading session, high on the trading session $47.72, low on the trading session $43.20 with a closing stock price at $44.51; Rio Tinto plc (NYSE: RTP) stock price gained 23.96 points on the trading session, high on the trading session $181.36, low on the trading session $163.43 with a closing stock price at $179.21; ACE Limited (NYSE: ACE) stock price gained 2.80 points on the trading session, high on the trading session $49.86, low on the trading session $46.49 with a closing stock price at $49.38; Williams Companies Incorporated (NYSE: WMB) stock price gained 2.37 points on the trading session, high on the trading session $20.95, low on the trading session $18.66 with a closing stock price at $20.71; Goldman Sachs Group Incorporated (NYSE: GS) stock price gained 7.20 points on the trading session, high on the trading session $123.80, low on the trading session $115.65 with a closing stock price at $121.50; ING Groep N.V. (NYSE: ING) stock price gained 2.24 points on the trading session, high on the trading session $14.15, low on the trading session $11.95 with a closing stock price at $12.89; ProShares UltraShort MidCap400 (NYSE: MZZ) stock price shed 9.44 points on the trading session, high on the trading session $100.39, low on the trading session $91.00 with a closing stock price at $92.00; Potash Corporation Saskatchewan (NYSE: POT) stock price gained 6.82 points on the trading session, high on the trading session $81.54, low on the trading session $76.03 with a closing stock price at $81.25; Ultrashort Financial Corporation (NYSE: SKF) stock price shed 9.00 points on the trading session, high on the trading session $139.21, low on the trading session $127.60 with a closing stock price at $126.25; Transocean Incorporated (NYSE: RIG) stock price gained 9.30 points on the trading session, high on the trading session $79.80, low on the trading session $72.35 with a closing stock price at $79.56.

    National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
    Advanced stock prices 2,151; declined stock prices 769; unchanged stock prices 107; stock prices hitting new highs 7; stock prices hitting new lows 99.
    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 1 point on the trading session, high on the trading session $100.03, low on the trading session $93.64 with a closing stock price at $98.40; Bed Bath & Beyond Incorporated (NasdaqGS: BBBY) stock price gained 1.22 points on the trading session, high on the trading session $25.97, low on the trading session $24.93 with a closing stock price at $25.58; Google Incorporated (NasdaqGS: GOOG) stock price shed 3.20 points on the trading session, high on the trading session $380.98, low on the trading session $359.59 with a closing stock price at $369.33.

    Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
    Advanced stock prices 821; declined stock prices 359; unchanged stock prices 56; stock prices hitting new highs 1 and stock prices hitting new lows 1.

    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 900.25 change 56.75
    E-mini NASDAQ-100 (NQ) end of day price 1,358.50 change 47.50
    E-mini S&P SmallCap 600 (SMP) end of day price 294.30, change 14.50
    $5 DJIA (YM) end of day price 9,321 change 550

    World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
    Euro 0.7510 to U.S. Dollars 1.3316
    Japanese Yen 101.950 to U.S. Dollars 0.0098
    British Pound 0.5834 to U.S. Dollars 1.7140
    Canadian Dollar 1.1933 to U.S. Dollars 0.8380
    Swiss Franc 1.1512 to U.S. Dollars 0.8687

    Commodity Markets:
    Energy Sector: Light Crude (NYMEX: NYM) gained $2.40 on the day for a closing price of $74.25 a barrel ($US per barrel)
    Heating Oil (NYMEX: NYM) gained $0.07 on the day for a closing price of $2.23 a gallon ($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) gained $0.05 on the day for a closing price of $1.72 a gallon ($US per gallon)

    Metals Markets:
    Gold Market Price (COMEX: CMX) gained $2.30 on the day for a closing price of $790.00 ($US per Troy ounce)
    Silver (COMEX: CMX) gained $0.36 on the day for a closing price of $9.69 ($US per Troy ounce)
    Platinum (NYMEX: NYM) gained $11.50 on the day for a closing price of $892.50 ($US per Troy ounce)
    Copper (COMEX: CMX) shed $0.06 on the day for a closing price of $2.12 ($US per pound)

    Livestock and Meat Markets (cents per lb.):
    Lean Hogs (Chicago Mercantile Exchange: CME) shed 0.35 on the day for a closing price of 65.63
    Pork Bellies (Chicago Mercantile Exchange: CME) gained 1.48 on the day for a closing price of 89.05
    Live Cattle (Chicago Mercantile Exchange: CME) shed 0.48 on the day for a closing price of 92.08
    Feeder Cattle (Chicago Mercantile Exchange: CME) shed 0.10 on the day for a closing price of 97.95

    Other Commodities (cents per bushel):
    Corn (Chicago Board of Trade: CBT) gained 15.50 on the day for a closing price of 418.50
    Soybeans (Chicago Board of Trade: CBT) gained 34.00 on the day for a closing price of 940.75

    Bond Market:
    2 year bond shed 6/32 on the day for a closing price of 100 17/32 with a Yield of 1.70, Yield Change 0.09
    5 year bond gained 5/32 on the day for a closing price of 101 17/32 with a Yield of 2.80, Yield Change -0.02
    10 year bond gained 21/32 on the day for a closing price of 101 7/32 with a Yield of 3.84, Yield Change -0.08
    30 year bond shed 1 9/32 on the day for a closing price of 104 10/32 with a Yield of 4.24, Yield Change -0.07

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    Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading services. Traders should review our FREE Monthly Trading Lesson posted on our website.

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