Alan Greenspan

Daily Market Commentary for May 21, 2009

Comments from former Federal Reserve Chairman Alan Greenspan: "There is still a very large unfunded capital requirement in the commercial banking system in the United States and that's got to be funded," (read more at Millennium-Traders.Com)

Economic data released today:

Initial Jobless Claims:
U.S. Jobless Claims for week of May 16 down 12K to 631K compared to survey of a drop by 7K; U.S. Continuing Claims for week of May 9 increased by 75K to 6,662,000; U.S. Jobless Claims Revised for week of May 9 to 643K from 637K; U.S. Continuing Jobless Claims post new record.

Philadelphia Fed Manufacturing Index:
Philadelphia Fed May Business Index down 22 versus April drop by 24; Philadelphia Fed May Business Index Expected to be down 17.5; Philadelphia Fed May Price Paid down 22 versus April drop by 31; Philadelphia Fed May Price Received -33 versus April drop by 41; Philadelphia Fed May Employment down 26 versus April drop by 44; Philadelphia Fed May New Orders down 25 versus April drop by 24; Philadelphia Fed May Shipments down 19 versus April drop by 35; Philadelphia Fed May Delivery Times down 18 versus April drop by 17; Philadelphia Fed May Inventories down 28 versus April drop by 40.

Leading Index (MoM) by U.S. Conference Board:
April Leading Index rose 1.0%; April Coincident Index down 0.2%; April Leading Index rose 1.0%; April Lagging Index down 0.5%; April Lagging Index down 0.5%.

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) triple digit loss 129.91 points, EOD 8,292.13
NYSE (New York Stock Exchange) loss 89.85 points, EOD 5,780.54
National Association of Securities Dealers Automated Quotations (NASDAQ) loss 32.59 points, EOD 1,695.25
S&P 500 (SPX) loss 15.14 points, EOD 888.33
BEL 20 (BEL20) loss 51.61 points, EOD 2,056.37
CAC 40 (CAC40) loss 85.96 points, EOD 3,217.41
FTSE100 (UKX100) triple digit loss 122.94 points, EOD 4,345.47
NIKKEI 225 (NIK/O) gain 54.35 points, EOD 9,344.64

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,008, declined stock prices 2,008, unchanged stock prices 79, 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: SKF: shed 0.15 points, HOD $46.86, LOD $44.89, EOD $45.15; FCX: shed 1.25 points, HOD $49.38, LOD $47.90, EOD $48.75; GME: shed 4.02 points, HOD $23.59, LOD $21.85, EOD $22.45; MOS: shed 3.47 points, HOD $54.90, LOD $52.40, EOD $53.35; CSC: gain 2.34 points, HOD $40.31, LOD $37.89, EOD $39.49; CME: gain 6.34 points, HOD $282.68, LOD $276, EOD $280.09; POT: shed 4.83 points, HOD $111.57, LOD $107.25, EOD $109.40; RTP: shed 4.92 points, HOD $171.37, LOD $166.53, EOD $170.21.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 806, declined stock prices 1,948, unchanged stock prices 118, stock prices hitting new highs 19 and stock prices hitting new lows 12. 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: TSRA: gain 3.55 points, HOD $21.25, LOD $19.22, EOD $20.16; CEPH: shed 3.61 points, HOD $60.17, LOD $58.87, EOD $59.46; ISRG: shed 7.84 points, HOD $150.91, LOD $140.89, EOD $142.82; SNPS: shed 2.21 points, HOD $20.40, LOD $18.85, EOD $19.41; CTXS: gain 1.73 points, HOD $30.29, LOD $27.93, EOD $29.99; FSLR: shed 9.20 points, HOD $199.98, LOD $190.77, EOD $193.20.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 219, declined stock prices 323, unchanged stock prices 53, stock prices hitting new highs 8 and stock prices hitting new lows 4.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 888.75; Change -11.25
E-mini NASDAQ-100 (NQ) June 09: EOD 1,367.75; Change -24.75
E-mini DOW $5 (YM) June 09: EOD 8,298; Change -97
E-mini S&P MidCap 400 (MF) June 09: EOD 555.50; Change -6.80
Nikkei 225 (Yen) June 09; EOD 9,130; Change -170

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7196 to U.S. Dollars 1.3897
Japanese Yen 94.26 to U.S. Dollars 0.0106
British Pound 0.6311 to U.S. Dollars 1.5844
Canadian Dollar 1.1357 to U.S. Dollars 0.8805
Swiss Franc 1.0929 to U.S. Dollars 0.9150

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (July 09) loss $0.99, EOD $61.05 per barrel ($US per barrel)
Heating Oil (July 09) gain $0.01, EOD $1.56 a gallon ($US per gallon)
Natural Gas (July 09) loss $0.37, EOD $3.73 per million BTU ($US per mmbtu.)
Unleaded Gas (June 09) loss $0.01, EOD $1.80 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) gain $13.80, EOD $951.20 ($US per Troy ounce)
Silver (July 09) gain $0.17, EOD $14.45 ($US per Troy ounce)
Platinum (July 09) gain $9.30, EOD $1,154.70 ($US per Troy ounce)
Copper (July 09) loss $0.06, EOD $2.05 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) loss 1.60, EOD 66.85
Pork Bellies (July 09) gain 0.50 EOD 70.98
Live Cattle (June 09) gain 0.35, EOD 83.23
Feeder Cattle (August 09) loss 0.03, EOD 101.68

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) loss 2, EOD 424
Soybeans (July 09) gain 6, EOD 1,175

BOND MARKET:
2 year EOD 100, change -2/32, Yield 0.86, Yield change 0.03
5 year EOD 99 22/32, change -12/32, Yield 2.15, Yield change 0.13
10 year EOD 97 28/32, change -1 17/32, Yield 3.37, Yield change 0.18
30 year EOD 98 31/32, change -2 24/32, Yield 4.31, change 0.17

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