JPMorgan

Daily Market Commentary for January 14, 2011

JPMorgan

This morning JPMorgan reported strong earnings for the fourth quarter, helping pull stocks up slightly. (Read more at Millennium-Traders.Com)

Economic data released today:

CPI (MoM):
U.S. December CPI Energy Prices rose 4.6%; Food Prices rose 0.1%; U.S. December CPI Unrounded rose 0.505%; Core rose 0.092%; U.S. December CPI Ex-Food & Energy rose 0.1%; Compared to Consensus of an increase by 0.1%; U.S. December Consumer Prices rose 0.5%; Compared to Consensus of an increase by 0.5%.

Retail Sales (MoM):
November Retail & Food Sales Unrevised at +0.8%; U.S. December Retail & Food Sales Excluding-Autos rose 0.5%; U.S. December Retail & Food Sales rose 0.6%; Compared to Consensus of an increase by 0.9%; U.S. Real Average Weekly Earnings fell 0.4% in December.

Capacity Utilization Rate:
U.S. November Capacity Use Revised to 75.4% from 75.2%; U.S. December Capacity Utilization rose 0.6-Pt at 76.0%; Compared to Consensus of 75.6%.

Industrial Production (MoM):
U.S. November Industrial Production Revised to +0.3% from +0.4%; U.S. December Industrial Production rose 0.8%; Compared to Consensus of an increase by 0.6%.

University of Michigan Consumer Sentiment Index:
University of Michigan 5-Year Inflation Forecast rose 2.8%; University of Michigan Mid-Jan Current Index 79.8; University of Michigan Mid-Jan Sentiment 72.7.

University of Michigan Inflation Expectations:
University of Michigan Mid-January Expectations 68.2; University of Michigan 12-Month Inflation Forecast rose 3.3%.

Business Inventories (MoM):
U.S. November Business Inventories rose 0.2%; Was Expected to increase by 0.8%.

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 trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain 54.11 points, EOD 11,786.01
NYSE (New York Stock Exchange) gain 54.59 EOD 8,174.02
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 18.61 points, EOD 2,753.90
S&P 500 (SPX) gain 9.11 points, EOD 1,292.87
BEL 20 (BEL20) shed 11.37 points, EOD 2,621.31
CAC 40 (CAC40) gain 8.45 points, EOD 3,983.28
FTSE100 (UKX100) shed 21.81 points, EOD 6,002.07
NIKKEI 225 (NIK/O) shed 90.72 points, EOD 10,499.04

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,763, declined stock prices 1,289, unchanged stock prices 118, stock prices hitting new highs 228 and stock prices hitting new lows 152. 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: AGQ shed 2.52, HOD 136.31, LOD 130.41, EOD 133.44; CF gain 3.87, HOD 146.50, LOD 142.00, EOD 146.35; CRM gain 2.60, HOD 146.57, LOD 142.77, EOD 146.38; BP gain 1.53, HOD 49.50, LOD 47.39, EOD 49.08; PCX shed 1.95, HOD 25.98, LOD 24.41, EOD 24.54.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,723, declined stock prices 978, unchanged stock prices 104, stock prices hitting new highs 233 and stock prices hitting new lows 11. 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: CSTR shed 15.49, HOD 44.25, LOD 41.45, EOD 41.47; NFLX shed 0.37, HOD 193.25, LOD 188.79, EOD 191.48; SODA shed 0.98, HOD 40.96, LOD 35.90, EOD 38.02; ARMH shed 1.25, HOD 27.19, LOD 25.50, EOD 25.97; ZAGG shed 0.51, HOD 10.56, LOD 9.54, EOD 9.86.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 199, declined stock prices 287, unchanged stock prices 34, stock prices hitting new highs 16 and stock prices hitting new lows 65.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 11: EOD 1288.75; Change 7.50
E-mini NASDAQ-100 (NQ) Mar 11: EOD 2,320.25; Change 17.50
E-mini DOW $5 (YM) Mar 11: EOD 11,724; Change 41
Nikkei 225 (Yen) Mar 11: EOD 10,585; Change 20

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7477 to U.S. Dollars 1.34
Japanese Yen 82.9350 to U.S. Dollars 0.0121
British Pound 0.6300 to U.S. Dollars 1.59
Canadian Dollar 0.9892 to U.S. Dollars 1.01
Swiss Franc 0.9644 to U.S. Dollars 1.04

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (February 11) gain $0.14, EOD $91.54 per barrel ($US per barrel)
Heating Oil (February 11) gain $0.03, EOD $2.65 a gallon ($US per gallon)
Natural Gas (February 11) gain $0.07, EOD $4.48 per million BTU ($US per mmbtu.)
Unleaded Gas (February 11) gain $0.04, EOD $2.49 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 11) shed $26.50, EOD $1,360.50 ($US per Troy ounce)
Silver (March 11) shed $0.94, EOD $28.32 ($US per Troy ounce)
Platinum (April 11) shed $5.20, EOD $1,816.00 ($US per Troy ounce)
Copper (March 11) gain $0.03, EOD $4.41 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 11) shed 1.02, EOD 85.28
Pork Bellies (February 11) unchanged, EOD 106.00
Live Cattle (February 11) shed 0.70, EOD 113.75
Feeder Cattle (March 11) gain 0.40, EOD 127.30

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) gain 6.25, EOD 648.75
Soybeans (March 11) gain 6.50, EOD 1,422.50

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