Rally Monkey

Daily Market Commentary for October 28, 2008 from Millennium-Traders.Com

The rally monkey was very content doing the rally jig, into the end of todays trading session. Quite a turn around in the markets today as the Bulls had clear and present control of the market direction with the DOW pounding out a whopping triple digit gain into the mid-afternoon trading session. (read more)

Economic data released today:
Consumer Confidence: Conference Board October Present Situation Index came in at 41.9 versus reading in September of 61.1; Conference Board October Expectations Index came in at 35.5 versus September reading of 61.5; Conference Board Consumer Confidence hit all time low during October.

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 889.35 points on the day to end the trading session at 9,065.12
NYSE (New York Stock Exchange) triple digit gain of 536.92 points to end the trading session at 5,733.45
National Association of Securities Dealers Automated Quotations (NASDAQ) triple digit gain of 143.57 points to end the trading session at 1,649.47
S&P 500 gain of 91.59 points to end the trading session at 940.51
FTSE All-World excluding U.S. gain of 9.49 points to end the trading session at 143.12
FTSE RAFI 1000 triple digit gain of 341.21 points to end the trading session at 3,640.00
BEL 20 (BEL20) gain of 44.14 points to end the trading session at 1,898.35
CAC 40 (CAC40) gain of 47.57 points to end the trading session at 3,114.92
FTSE100 (UKX100) gain of 73.79 points to end the trading session at 3,926.38
NIKKEI 225 (NIK/O) triple digit gain of 459.02 points to end the trading session at 7,621.92

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 2,521, declined stock prices 722; unchanged stock prices 56; stock prices hitting new highs 2 and stock prices hitting new lows 2. 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: Tyson Foods Incorporated (NYSE: TSN) stock price gained 0.01 points on the trading session, high on the trading session $8.28, low on the trading session $5.71 with a closing stock price at $8.00; Alcon Incorporated (NYSE: ACL) stock price gained 1.40 points on the trading session, high on the trading session $88.00, low on the trading session $74.51 with a closing stock price at $86.99; Valero Energy Corporation (NYSE: VLO) stock price gained 1.70 points on the trading session, high on the trading session $17.17, low on the trading session $15.69 with a closing stock price at $16.81; United States Steel Corporation (NYSE: X) stock price gained 4.38 points on the trading session, high on the trading session $36.20, low on the trading session $28.43 with a closing stock price at $35.20; Choice Hotels International (NYSE: CHH) stock price gained 4.69 points on the trading session, high on the trading session $26.41 low on the trading session $22.60 with a closing stock price at $25.55; Crane Corporation (NYSE: CR) stock price shed 2.03 points on the trading session, high on the trading session $14.40, low on the trading session $11.01 with a closing stock price at $13.83; Morgan Stanley (NYSE: MS) stock price gained 1.47 points on the trading session, high on the trading session $15.50, low on the trading session $10.15 with a closing stock price at $15.20; Potash Corporation Saskatchewan (NYSE: POT) stock price gained 6.17 points on the trading session, high on the trading session $70.05, low on the trading session $61.69 with a closing stock price at $70.05; Covance Incorporated (NYSE: CVD) stock price shed 2.14 points on the trading session, high on the trading session $47.13, low on the trading session $41.65 with a closing stock price at $43.77.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 2,015; declined stock prices 915; unchanged stock prices 122; stock prices hitting new highs 6; stock prices hitting new lows 617. 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: First Solar Incorporated (NasdaqGS: FSLR) stock price gained 7.09 points on the trading session, high on the trading session $115.53, low on the trading session $95.32 with a closing stock price at $115.00; Masimo Corporation (NasdaqGS: MASI) stock price gained 2.68 points on the trading session, high on the trading session $28.56, low on the trading session $24.29 with a closing stock price at $27.00; Rent-A-Center Incorporated (NasdaqGS: RCII) stock price shed 3.97 points on the trading session, high on the trading session $14.87, low on the trading session $9.97 with a closing stock price at $11.51; Rigel Pharmaceuticals Incorporated (NasdaqGS: RIGL) stock price shed 2.24 points on the trading session, high on the trading session $8.70, low on the trading session $5.60 with a closing stock price at $6.59; Google, Incorporated (NasdaqGS: GOOG) stock price gained 39.18 points on the trading session, high on the trading session $369.31, low on the trading session $328.51 with a closing stock price at $368.67.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 717; declined stock prices 450; unchanged stock prices 82; stock prices hitting new highs 1 and stock prices hitting new lows n/a.

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 939.00 change 104.25
E-mini NASDAQ-100 (NQ) end of day price 1,306.25 change 144.25
E-mini S&P SmallCap 600 (SMP) end of day price 259.40 change 22.10
$5 DJIA (YM) end of day price 9,092 change 1,081

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7870 to U.S. Dollars 1.2707
Japanese Yen 97.58 to U.S. Dollars 0.0102
British Pound 0.6282 to U.S. Dollars 1.5919
Canadian Dollar 1.2797 to U.S. Dollars 0.7814
Swiss Franc 1.1556 to U.S. Dollars 0.8654

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $0.49 on the day for a closing price of $62.73 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.00 on the day for a closing price of $1.93 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) gained $0.07 on the day for a closing price of $6.70 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.02 on the day for a closing price of $1.46 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) shed $2.40 on the day for a closing price of $740.50 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.41 on the day for a closing price of $8.79 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $11.60 on the day for a closing price of $808.80 ($US per Troy ounce)
Copper (COMEX: CMX) gained $0.05 on the day for a closing price of $1.86 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 0.50 on the day for a closing price of 58.05
Pork Bellies (Chicago Mercantile Exchange: CME) gained 0.40 on the day for a closing price of 86.80
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.10 on the day for a closing price of 88.88
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 0.60 on the day for a closing price of 94.10

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 5.50 on the day for a closing price of 390.75
Soybeans (Chicago Board of Trade: CBT) shed 9.50 on the day for a closing price of 885.00

Bond Market:
2 year bond shed 2/32 on the day for a closing price of 100 25/32 with a Yield of 1.58, Yield Change 0.03
5 year bond shed 10/32 on the day for a closing price of 102 2/32 with a Yield of 2.67, Yield Change 0.07
10 year bond shed 26/32 on the day for a closing price of 101 25/32 with a Yield of 3.77, Yield Change 0.09
30 year bond shed 9/32 on the day for a closing price of 105 16/32 with a Yield of 4.11, Yield Change 0.01

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