Industrial Production

Daily Market Commentary for September 16, 2009

Industrial Production

Federal Reserve’s report on industrial production rose more than expected in August, sending stocks higher. (read more at Millennium-Traders.Com)

Economic data released today:

MBA (Mortgage Bankers Association) Mortgage Applications:
U.S. MBA Refinance Index fell 7.4% at 2454.5 compared to last week 2651.2; U.S. MBA Purchase Index fell 10.3% at 272.9 compared to last week 304.1; U.S. MBA Market Index fell 8.6% at 592.8 compared to last week 648.3.

Core CPI (Consumer Price Index):
U.S. August Consumer Prices rose 0.4% compared to consensus of an increase by 0.4%; U.S. August CPI Ex-Food & Energy rose 0.1% compared to consensus of an increase by 0.1%; U.S. August CPI Unrounded rose 0.447%; U.S. August CPI Core rose 0.068%; U.S. August CPI Energy Prices rose 4.6%; U.S. August CPI Food Prices rose 0.1%; U.S. Real Average Weekly Earnings fell 0.2% in August.

Current Account:
U.S. 2Q Current Acct Deficit $98.8B was seen at a Deficit of $92.5B; U.S. 1Q Current Acct Revised to a Deficit of $104.5B versus a Deficit of $101.5B.

TIC (Treasury International Capital) Net Long-Term Transactions:
Net Foreign LT Securities Disposal $7.4B in July; Net LT Securities Purchases $15.3B in july; Net Foreign Capital Outflow $97.5B in july; Foreigners Net Buyers $31.1B U.S. Treasury Notes, Bonds in July; Foreigners Net Sellers $4.6B of U.S. Agency Debt in July; Foreigners Net Sellers $11.1B of U.S. Corp Bonds in July; Foreigners Net Buyers $28.6B of U.S. Equities in July.

Capacity Utilization Rate:
U.S. August Capacity Utilization rose 0.6 of a point at 69.6% compared to consensus 69.0%; U.S. July Capacity Use Revised to 69.0% from 68.5%.

Industrial Production:
U.S. August Industrial Production rose 0.8% compared to consensus of an increase by 0.6%; U.S. July Industrial Production Revised to an increase by 1.0% from +0.5%.

Crude Oil Inventories as released by DOE (Department of Energy):
U.S. Refineries Ran at 86.94% capacity; was seen 86.70%; U.S. Refineries Ran at 86.94% capacity versus 87.2% Week Ago; U.S. Distillate Stockpiles +2.237 million barrels in the week; was seen +1.4 million barrels; U.S. Distillate Stockpiles +2.237 million barrels at 167.793 million barrels; U.S. Gasoline Stockpiles +0.547 million barrels in the week; was seen +0.6 million barrels; U.S. Gasoline Stockpiles +0.547 million barrels at 207.7 million barrels; U.S. Crude Oil Stockpiles -4.729 million barrels in the week; was seen -2.5 million barrels; U.S. Crude Oil Stockpiles -4.729 million barrels at 332.753 million barrels.

NAHB Housing Market Index:
U.S. NAHB Sep Housing Index 19 versus 18 in August.

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 gain 108.30 points, EOD 9,791.71
NYSE (New York Stock Exchange) triple digit gain 121.07, EOD 7,038.14
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 30.51 points, EOD 2,133.15
S&P 500 (SPX) gain 16.13 points, EOD 1,068.76
BEL 20 (BEL20) gain 30.35 points, EOD 2,500.18
CAC 40 (CAC40) gain 61.58 points, EOD 3,813.79
FTSE100 (UKX100) gain 82 points, EOD 5,124.13
NIKKEI 225 (NIK/O) gain 53.15 points, EOD 10,270.77

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,587 declined stock prices 543, unchanged stock prices 56, stock prices hitting new highs 351 and stock prices hitting new lows 6. 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: FAS gain 7.49, HOD 88.32, LOD 81.15, EOD 88.04; CME gain 7.23, HOD 292.59, LOD 282.78, EOD 291.57; ROG gain 3.27, HOD 30.68, LOD 28.44, EOD 30.28; ACI gain 2.23, HOD 23.89, LOD 22.20, EOD 23.83; APC gain 5.68, HOD 65.40, LOD 62.48, EOD 64.85; AIG gain 1.52, HOD 41.29, LOD 39.66, EOD 40.32; MA gain 5.73, HOD 221.36, LOD 214.10, EOD 219.76; MGM shed 0.97, HOD 14.25, LOD 12.22, EOD 12.40; AET gain 1.19, HOD 31.21, LOD 29.94, EOD 31.16; CX gain 1.03, HOD 14.58, LOD 13.13, EOD 14.11; WBD gain 2.70, HOD 65.70, LOD 61.07, EOD 65.36.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,927, declined stock prices 811, unchanged stock prices 126, stock prices hitting new highs 150 and stock prices hitting new lows 3. 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: FSLR gain 6.89, HOD 147.80, LOD 143.53, EOD 146.99; WYNN shed 3.55, HOD 73.62, LOD 68.27, EOD 68.92; SLAB shed 0.42, HOD 49.00, LOD 46.13, EOD 47.54; RMBS gain 0.14, HOD 18.70, LOD 18.06, EOD 18.17; ADBE shed 2.27, HOD 33.85, LOD 33.01, EOD 33.35; BIDU gain 5.38, HOD 404.29, LOD 398.15, EOD 402.91; AAPL gain 6.71, HOD 182.75, LOD 177.88, EOD 181.87; LNCR gain 3.77, HOD 30.30, LOD 26.17, EOD 30.10; ISRG gain 3.65, HOD 247.58, LOD 240.65, EOD 247.12; AMZN gain 7.15, HOD 90.98, LOD 85.90, EOD 90.70; AMAG gain 2.53, HOD 42.93, LOD 40.25, EOD 42.61.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 366, declined stock prices 188, unchanged stock prices 43, stock prices hitting new highs 51 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) Sept 09: EOD 1062.75; Change 16.75
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,717.25; Change 22.25
E-mini DOW $5 (YM) Sept 09: EOD 9,720; Change 117
E-mini S&P MidCap 400 (MF) Sept 09: EOD 702.70; Change 13.80
Nikkei 225 (Yen) Sept 09: EOD 10,320; Change 85

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6789 to U.S. Dollars 1.4729
Japanese Yen 90.7600 to U.S. Dollars 0.0110
British Pound 0.6058 to U.S. Dollars 1.6507
Canadian Dollar 1.0656 to U.S. Dollars 0.9384
Swiss Franc 1.0303 to U.S. Dollars 0.9706

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 09) gain $1.58, EOD $72.51 per barrel ($US per barrel)
Heating Oil (October 09) gain $0.04, EOD $1.86 a gallon ($US per gallon)
Natural Gas (October 09) gain $0.44, EOD $3.76 per million BTU ($US per mmbtu.)
Unleaded Gas (October 09) gain $0.06, EOD $1.85 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $13.90, EOD $1,020.20 ($US per Troy ounce)
Silver (December 09) gain $0.43, EOD $17.43 ($US per Troy ounce)
Platinum (October 09) gain $29.80, EOD $1,343.10 ($US per Troy ounce)
Copper (December 09) gain $0.09, EOD $2.94 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.43, EOD $51.45
Pork Bellies (February 10) shed $1.23, EOD $86.58
Live Cattle (December 09) shed $0.18, EOD $86.65
Feeder Cattle (October 09) shed $0.20, EOD $98.55

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $10.25, EOD $336.25
Soybeans (November 09) shed $9.50, EOD $950.50

BOND MARKET:
2 year EOD 100, change -3/32, Yield 0.98, Yield change 0.05
5 year EOD 99 22/32, change -7/32, Yield 2.43, Yield change 0.04
10 year EOD 101 10/32, change -4/32, Yield 3.46, Yield change 0.01
30 year EOD 104 6/32, change 8/32, Yield 4.25, change -0.01

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com