Innovation

Daily Market Commentary for April 17, 2009

U.S. Federal Reserve Chairman Ben Bernanke defended financial innovation today but said the current crisis proves that policymakers must make sure new, complex financial products are transparent enough to enable customers to make reasonable decisions. (read more at Millennium-Traders.Com)

Economic data released today:

Consumer Sentiment:
University of Michigan 5-Yr Inflation Forecast rose 2.7% compared to March increase by 2.6%; University of Michigan 12-Mo Inflation Forecast rose 3.0% compared to March increase by2.0%; University of Michigan Mid-April Sentiment came in at 61.9 compared to March reading of 57.3; University of Michigan Mid-April Current Index came in at 66.6 compared to March reading of 63.3; University of Michigan Mid-April Expectations came in at 58.9 compared to March reading of 53.5.

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 5.90 points, EOD 8,131.33
NYSE (New York Stock Exchange) gain 26.33 points, EOD 5,480.60
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 2.63 points, EOD 1,673.07
S&P 500 (SPX) gain 4.30 points, EOD 869.60
BEL 20 (BEL20) gain 49.59 points, EOD 1,923.46
CAC 40 (CAC40) gain 53.78 points, EOD 3,091.96
FTSE100 (UKX100) gain 39.82 points, EOD 4,092.80
NIKKEI 225 (NIK/O) gain 12.3 points, EOD 8,755.26

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,752, declined stock prices 910, unchanged stock prices 518, stock prices hitting new highs 8 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: RTP: shed 5.04 points, HOD $145.38, LOD $140.90, EOD $144.41; AFL: gain 1.99 points, HOD $29.28, LOD $26.25, EOD $28.70; BBT: gain 2.35 points, HOD $24.75, LOD $20.50, EOD $23.42; SKF: shed 1.62 points, HOD $62.53, LOD $56.50, EOD $58.65; AOS: shed 0.70 points, HOD $29.63, LOD $25.31, EOD $29.43; TPX: gain 1.59 points, HOD $11.20, LOD $9.76 EOD $10.75; PRU: gain 0.32 points, HOD $28.19, LOD $26, EOD $27.52; CME - shed 7.11 points, HOD $244.03, LOD $236.42, EOD $237.51; LPS: shed 4.29 points, HOD $33.99, LOD $20.81, EOD $28.89.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,711, declined stock prices 1,079, unchanged stock prices 140, stock prices hitting new highs 24 and stock prices hitting new lows 6. 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: ISRG: gain 12.08 points, HOD $132.45, LOD $114.10, EOD $130.08; BIDU: gain 6.57 points, HOD $211.12, LOD $199.35, EOD $210.02; SOHU: shed 2.04 points, HOD $48.39, LOD $46.37, EOD $47.66; GOOG: gain 3.77 points, HOD $399.82, LOD $384.81, EOD $392.51; BIIB: shed 1.44 points, HOD $51.23, LOD $49.97, EOD $50.05; FSLR - shed 2.78 points, HOD $147.61, LOD $145.56, EOD $144.15.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 305, declined stock prices 210, unchanged stock prices 99, stock prices hitting new highs 2 and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 867; Change 5.50
E-mini NASDAQ-100 (NQ) June 09: EOD 1,352.75; Change 0.75
E-mini DOW $5 (YM) June 09: EOD 8,085; Change 22
E-mini S&P MidCap 400 (MF) June 09: EOD 546.80; Change 6
Nikkei 225 (Yen) June 09; EOD 8,940; Change 50

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7678 to U.S. Dollars 1.3024
Japanese Yen 99.22 to U.S. Dollars 0.0101
British Pound 0.6765 to U.S. Dollars 1.4783
Canadian Dollar 1.2155 to U.S. Dollars 0.8227
Swiss Franc 1.1665 to U.S. Dollars 0.8573

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (May 09) gain $0.35, EOD $50.33 per barrel ($US per barrel)
Heating Oil (June 09) gain $0.00, EOD $1.44 a gallon ($US per gallon)
Natural Gas (May 09) gain $0.13, EOD $3.73 per million BTU ($US per mmbtu.)
Unleaded Gas (May 09) gain $0.02, EOD $1.49 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) shed $11.90, EOD $867.90 ($US per Troy ounce)
Silver (May 09) shed $0.47, EOD $11.79 ($US per Troy ounce)
Platinum (July 09) shed $4.20, EOD $1,211.60 ($US per Troy ounce)
Copper (July 09) gain $0.02, EOD $0.02 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) gain 0.35, EOD 73.63
Pork Bellies (May 09) shed 1.80, EOD 84.73
Live Cattle (June 09) shed 0.60, EOD 84.50
Feeder Cattle (August 09) gain 0.45, EOD 101.95

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) shed 9.50, EOD 385.75
Soybeans (July 09) shed 9, EOD 1,041.50

BOND MARKET:
2 year EOD 99 26/32, change -4/32, Yield 0.96, Yield change 0.06
5 year EOD 99 10/32, change -18/32, Yield 1.89, Yield change 0.12
10 year EOD 98 10/32, change -30/32, Yield 2.94, Yield change 0.11
30 year EOD 94 24/32, change -1 11/32, Yield 3.79, Yield change 0.06

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

Stocks Trading Room:
Jeannie $3,909
Barry $5,940
Sam off
Scott $8,209

Futures Trading Room:
JT $2,415
Marco $4,022.50

Forex Trading Room:
JT $11,550

Daily Swing Trades:
Barry $6,670

Thanks for reading
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