Rules for Short Selling

Daily Market Commentary for April 8, 2009

The U.S. Securities and Exchange Commission (SEC) voted unanimously today to seek public comments on the proposed rules released seeking to limit short selling. (read more at Millennium-Traders.Com)

Economic data released today:

Wholesale Trade:
U.S. February Wholesale Inventories fell 1.5% compared to expectations of a drop by 0.6%.

EIA Petroleum Status Report from the Department of Energy:
U.S. Crude Oil Stockpiles rose by 1.645 Million Barrels at 361.072 Million Barrels; U.S. Gasoline Stockpiles rose by 0.656 Million Barrels at 217.449 Million Barrels; U.S. Distillate Stockpiles fell by 3.354 Million Barrels at 140.799 Million Barrels; U.S. Refineries ran at 81.8% capacity versus 81.7% a week ago; U.S. Crude Oil Stockpiles rose by 1.6 Million Barrels in the week seen increasing by 1.9 Million Barrels; U.S. Gasoline Stockpiles rose by 656,000 Barrels in the week compared to expectations of a drop by 900,000 Barrels; U.S. Distillate Stockpiles fell by 3.4 Million Barrels in the week compared to expectations of a drop by 200,000 Barrels; U.S. Refineries ran at 81.8% capacity compared to expectations of an increase by 0.1 point at 81.8%.

FOMC (Federal Open Market Committee) Minutes:
Officials split on right asset purchase size; officials saw downside risks to already weak economy; Fed staff cut 2H 2009, 2010GDP forecasts; Fed staff sees slow GDP growth returning in 2010; Fed staff sees jobless rate up 'more steeply' into 2010; inflation subdued; a few officials see deflation risk; financial markets 'fragile and unsettled'; some consumer stabilization; though still risks; higher saving rate could damp consumer spending; officials split on timing, strength of economic recovery; Fed Funds rate to stay 'exceptionally low'.

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 47.55 points to end the trading session at 7,837.11
NYSE (New York Stock Exchange) gain of 55.74 points to end the trading session at 5,176.41
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 29.05 points to end the trading session at 1,590.66
S&P 500 (SPX) gain of 9.61 points to end the trading session at 825.16
BEL 20 (BEL20) gain of 5.15 points to end the trading session at 1,770.66
CAC 40 (CAC40) gain of 18.75 points to end the trading session at 2,921.06
FTSE100 (UKX100) loss of 5 points to end the trading session at 3,925.52
NIKKEI 225 (NIK/O) triple digit loss of 237.84 points to end the trading session at 8,595.01

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,035, declined stock prices 627, unchanged stock prices 490, stock prices hitting new highs 5 and stock prices hitting new lows 7. 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: Ruby Tuesday (RT) stock price gained 2.21 points on the trading session, high on the trading session $6.39, low on the trading session $4.55, with a closing stock price at $6.10; Potash Saskatchewan (POT) stock price gained 2.82 points on the trading session, high on the trading session $82.75, low on the trading session $77.14, with a closing stock price at $82.50; Prudential Financial (PRU) stock price gained 1.71 points on the trading session, high on the trading session $25.30, low on the trading session $22.78, with a closing stock price at $23.81; Hess (HES) stock price gained 1.37 points on the trading session, high on the trading session $57.71, low on the trading session $54.38, with a closing stock price at $57.65; Hartford Financial Services (HIG) stock price gained 1.14 points on the trading session, high on the trading session $11.40, low on the trading session $9.28, with a closing stock price at $9.59; Mosaic (MOS) stock price gained 2.67 points on the trading session, high on the trading session $45.67, low on the trading session $40.38, with a closing stock price at $45.61; Principal Financial Group (PFG) stock price gained 2.16 points on the trading session, high on the trading session $14.25, low on the trading session $11.75, with a closing stock price at $12.31; Rockwell Automation (ROK) stock price gained 3.24 points on the trading session, high on the trading session $27.15, low on the trading session $23.59, with a closing stock price at $26.87: CME Group (CME) stock price gained 2.60 points on the trading session, high on the trading session $248, low on the trading session $239, with a closing stock price at $242.95; ProShares Ultrashort Financials (SKF) stock price shed 1.33 points on the trading session, high on the trading session $92.30, low on the trading session $86.34, with a closing stock price at $88.52; Educational Services (ESI) stock price shed 0.75 points on the trading session, high on the trading session $105.59, low on the trading session $100.72, with a closing stock price at $103.45.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,971, declined stock prices 764, unchanged stock prices 127, stock prices hitting new highs 6 and stock prices hitting new lows 10. 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: Bed Bath & Beyond (BBBY) stock price gained 6.15 points on the trading session, high on the trading session $31.70, low on the trading session $29, with a closing stock price at $31.66; Baidu (BIDU) stock price gained 4.65 points on the trading session, high on the trading session $184.89, low on the trading session $177.66, with a closing stock price at $182.07.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 290, declined stock prices 181, unchanged stock prices 143, stock prices hitting new highs 1 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: End of trading session price 821.75; Change for the trading session 7.75
E-mini NASDAQ-100 (NQ) June 09: End of trading session price 1,298; Change for the trading session 17.75
E-mini DOW $5 (YM) June 09: End of trading session price 7,791; Change for the trading session 29
E-mini S&P MidCap 400 (MF) June 09: End of trading session price 506.30; Change for the trading session 5.10
Nikkei 225 (Yen) June 09; End of trading session price 8,655; Change for the trading session -64

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7543 to U.S. Dollars 1.3258
Japanese Yen 99.69 to U.S. Dollars 0.010
British Pound 0.6807 to U.S. Dollars 1.4691
Canadian Dollar 1.2364 to U.S. Dollars 0.8088
Swiss Franc 1.1477 to U.S. Dollars 0.8713

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (May 09) gained $0.23 on the trading session for a closing price of $49.38 per barrel ($US per barrel)
Heating Oil (May 09) gained $0.01 on the trading session for a closing price of $1.46 a gallon ($US per gallon)
Natural Gas (May 09) gained $0.07 on the trading session for a closing price of $3.66 per million BTU ($US per mmbtu.)
Unleaded Gas (May 09) shed $0.01 on the trading session for a closing price of $1.48 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) gained $2.60 on the trading session for a closing price of $885.90 ($US per Troy ounce)
Silver (May 09) gained $0.13 on the trading session for a closing price of $12.34 ($US per Troy ounce)
Platinum (July 09) gained $12.40 on the trading session for a closing price of $1,187.40 ($US per Troy ounce)
Copper (May 09) gained $0.01 on the trading session for a closing price of $2.00 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) shed 0.10 on the trading session for a closing price of 73.35
Pork Bellies (May 09) shed 1.63 on the trading session for a closing price of 88.05
Live Cattle (June 09) gained 0.03 on the trading session for a closing price of 83.78
Feeder Cattle (May 09) gained 0.25 on the trading session for a closing price of 97.38

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 09) gained 0.75 on the trading session for a closing price of 397
Soybeans (May 09) gained 16.50 on the trading session for a closing price of 1,006

BOND MARKET:
2 year Bond Closing price 99 28/32, change -132, Yield 0.92, Yield change 0.01
5 year Bond closing price of 99 20/32, change 4/32, Yield 1.82, Yield change -0.03
10 year Bond closing price 99 6/32, change 17/32, Yield 2.84, Yield change 0.09
30 year Bond closing price 97 2/32, change 1 5/32, Yield 3.66, Yield change -0.06

Thanks for reading
Millennium-Traders.Com