Wall Street News

Daily Market Commentary for March 13, 2009

For anyone superstitious, they avoided participating in the markets on Wall Street today. (read more at Millennium-Traders.Com)

Economic data released today:

International Trade:
U.S. January Trade Deficit came in at $36.03B compared to consensus Deficit of $37.3B; U.S. December Trade Balance Revised to Deficit $39.90B from Deficit $39.93B.

Import and Export Prices:
U.S. February Import Prices fell 0.2% compared to consensus of a drop by 0.8%; U.S. February Non-Petroleum Import Prices fell 0.6%; U.S. February Petroleum Import Prices rose 3.9%; U.S. Import Prices Down Record 12.8% on the year; U.S. January Exports came in at $124.91B down 5.7%; U.S. January Imports came in at $160.94B down 6.7%.

Consumer Sentiment:
University of Michigan Mid-March Expectations came in at 53.0 compared to February reading of 50.5; University of Michigan 12-Month Inflation Forecast rose 2.2% compared to February increase of 1.9%; University of Michigan 5-Year Inflation Forecast rose 2.8% compared to February increase by 3.1%; University of Michigan Mid-March Sentiment came in at 56.6 compared to February reading of 56.3; University of Michigan Mid-March Current Index came in at 62.3 compared to February reading of 65.5.

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 of 53.92 points to end the trading session at 7,223.98
NYSE (New York Stock Exchange) gain of 36.01 points to end the trading session at 4,721.00
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 5.40 points to end the trading session at 1,431.50
S&P 500 (SPX) gain of 5.81 points to end the trading session at 756.55
BEL 20 (BEL20) loss of 6.93 points to end the trading session at 1,664.11
CAC 40 (CAC40) gain of 11.86 points to end the trading session at 2,706.11
FTSE100 (UKX100) gain of 27.29 points to end the trading session at 3,739.35
NIKKEI 225 (NIK/O) triple digit gain of 371.03 points at the end the trading session at 7,569.28

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,939, declined stock prices 1,155, unchanged stock prices 102, stock prices hitting new highs 6 and stock prices hitting new lows 15. 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 (NYSE: CME) stock price shed 2.80 points on the trading session, high on the trading session $202.99, low on the trading session $193.25, with a closing stock price at $198.15; Rio Tinto plc (NYSE: RTP) stock price gained 0.21 points on the trading session, high on the trading session $121.95, low on the trading session $115.69, with a closing stock price at $118.01; Aeropostale (NYSE: ARO) stock price gained 0.10 points on the trading session, high on the trading session $26.43, low on the trading session $24.00, with a closing stock price at $25.23; Boston Properties (NYSE: BXP) stock price shed 1.46 points on the trading session, high on the trading session $39.56, low on the trading session $36.03, with a closing stock price at $37.64; ITT Educational Services (NYSE: ESI) stock price shed 1.44 points on the trading session, high on the trading session $107.34, low on the trading session $101.30, with a closing stock price at $106.34; Prudential Financial (NYSE: PRU) stock price gained 0.81 points on the trading session, high on the trading session $20.23, low on the trading session $17.59, with a closing stock price at $18.76; Goldman Sachs Group (NYSE: GS) stock price gained 1.55 points on the trading session, high on the trading session $99.84, low on the trading session $95.64, with a closing stock price at $98.80; Mosaic (NYSE: MOS) stock price shed 1.13 points on the trading session, high on the trading session $43.92, low on the trading session $40.65, with a closing stock price at $42.08; ProShares Ultrashort Financials (NYSE: SKF) stock price shed 3.08 points on the trading session, high on the trading session $149.72, low on the trading session $134.10, with a closing stock price at $138.98; Potash (NYSE: POT) stock price shed 0.90 points on the trading session, high on the trading session $79.37, low on the trading session $75.21, with a closing stock price at $76.76; ProShares Ultrashort S&P 500 (NYSE: SDS) stock price shed 1.43 points on the trading session, high on the trading session $93.59, low on the trading session $89.58, with a closing stock price at $90.25.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,588, declined stock prices 1,193, unchanged stock prices 140, stock prices hitting new highs 7 and stock prices hitting new lows 33. 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: Arena Pharmaceuticals (NasdaqGS: ARNA) stock price shed 0.38 points on the trading session, high on the trading session $5.28, low on the trading session $4.52, with a closing stock price at $5.09; STEC (NasdaqGS: STEC) stock price gained 1.32 points on the trading session, high on the trading session $7.80, low on the trading session $7.28, with a closing stock price at $7.52; First Solar (NasdaqGS: FSLR) stock price gained 3.05 points on the trading session, high on the trading session $133.60, low on the trading session $126.83, with a closing stock price at $129.55.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 304, declined stock prices 223, unchanged stock prices 82, stock prices hitting new highs 3 and stock prices hitting new lows 12.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 09: End of trading session price 753.50; Change for the trading session 5.00
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,165.50; Change for the trading session 2.50
E-mini DOW $5 (YM) Mar 09: End of trading session price 7,167; Change for the trading session 0.90
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 455.10; Change for the trading session 1.10

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7739 to U.S. Dollars 1.2921
Japanese Yen 98.020 to U.S. Dollars 0.0102
British Pound 0.7148 to U.S. Dollars 1.3989
Canadian Dollar 1.2725 to U.S. Dollars 0.7859
Swiss Franc 1.1857 to U.S. Dollars 0.8434

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (April 09) shed $0.78 on the trading session for a closing price of $46.25 per barrel ($US per barrel)
Heating Oil (April 09) shed $0.03 on the trading session for a closing price of $1.21 a gallon ($US per gallon)
Natural Gas (April 09) shed $0.06 on the trading session for a closing price of $3.93 per million BTU ($US per mmbtu.)
Unleaded Gas (March 09) gained $0.01 on the trading session for a closing price of $1.35 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 09) gained $6.10 on the trading session for a closing price of $930.10 ($US per Troy ounce)
Silver (May 09) gained $0.27 on the trading session for a closing price of $13.22 ($US per Troy ounce)
Platinum (April 09) gained $12.10 on the trading session for a closing price of $1,060.50 ($US per Troy ounce)
Copper (May 09) gained $0.04 on the trading session for a closing price of $1.66 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 09) gained 0.98 on the trading session for a closing price of 63.20
Pork Bellies (May 09) gained 1.45 on the trading session for a closing price of 85.50
Live Cattle (April 09) gained 0.75 on the trading session for a closing price of 84.65
Feeder Cattle (April 09) gained 0.85 on the trading session for a closing price of 92.05

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 09) gained 3.25 on the trading session for a closing price of 388.50
Soybeans (May 09) shed 5.50 on the trading session for a closing price of 876.50

BOND MARKET:
2 year Bond Closing price 99 26/32, change 13/32, Yield 0.97, Yield change -0.03
5 year Bond closing price of 100, change 4/32, Yield 1.87, Yield change -0.02
10 year Bond closing price 98 8/32, change -1 8/32, Yield 2.95, Yield change 0.09
30 year Bond closing price 96 24/32, change -25/32, Yield 3.67, Yield change 0.01

At the close of the week, performance results for our Moderators:

Stocks Trading Room:
Jeannie $10,143
Barry $17,607
Sam $5,832
Scott $2,878

Futures Trading Room:
JT $6,220
James $490

Forex Trading Room:
JT $8,750

Daily Swing Trades:
Barry $7,480

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Millennium-Traders.Com

I stayed out of the market as well on the 13th!