Obama Press Conference

Daily Market Commentary for January 21, 2010

Obama Press Conference

At the Obama Press Conference today, the President announced his new regulation plan for the nation’s largest banks. (Read more at Millennium-Traders.Com)

Economic data released today:

Initial Jobless Claims:
U.S. Jobless Claims for week of January 16 rose 36K to 482K compared to survey of a decrease by 4K; U.S. Continuing Claims for week of January 9 fell 18K to 4,599,000; U.S. Jobless Claims Revised for week of January 9 to 446K from 444K.

Philadelphia Fed Manufacturing Index:
Philadelphia Fed January Business Index Expected 18.0; Philadelphia Fed Firms Continue to See Improvement; Philadelphia Fed January New Orders 3.2 versus December 6.5; Philadelphia Fed January Shipments 11.0 versus December 15.3; Philadelphia Fed January Delivery Times 6.6 versus December 6.2; Philadelphia Fed January Inventories fell 1.6 versus December decrease by 7.4; Philadelphia Fed January Employment 6.1 versus December 6.3; Philadelphia Fed January New Orders 3.2 versus December 6.5; Philadelphia Fed January Business Index 15.2 versus December 20.4; Philadelphia Fed January Price Paid 33.2 versus December 33.8; Philadelphia Fed January Price Received 2.7 versus December decrease by 1.8.

U.S. Conference Board Leading Index:
December Leading Index rose 1.1%; December Coincident Index rose 0.1%; December Lagging Index rose 0.2%.

Crude Oil Inventories release by Department of Energy [DOE]:
U.S. Crude Oil Stockpiles fell 0.471 Million Barrels at 330.565 Million Barrels; U.S. Crude Oil Stockpiles fell 0.471 Million Barrels in week; was seen increasing by 1.9 Million Barrels; U.S. Gasoline Stockpiles rose 3.95 Million Barrels at 227.442 Million Barrels; U.S. Gasoline Stockpiles rose 3.95 Million Barrels in week; was seen increasing by 1.3 Million Barrels; U.S. Distillate Stockpiles fell 3.263 Million Barrels at 157.138 Million Barrels; U.S. Distillate Stockpiles -3.263 Million Barrels in week; was seen decreasing by 0.2 Million Barrels; U.S. Refineries Ran at 78.38% capacity versus 81.3% week ago; U.S. Refineries Ran at 78.38% capacity; was seen 80.90%.

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) shed 219.62 points, EOD 10,383.53
NYSE (New York Stock Exchange) shed 155.37, EOD 7,174.46
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 26.29 points, EOD 2,264.96
S&P 500 (SPX) shed 22.08 points, EOD 1,115.96
BEL 20 (BEL20) shed 32.42 points, EOD 2,484.26
CAC 40 (CAC40) shed 66.79 points, EOD 3,862.16
FTSE100 (UKX100) shed 85.7 points, EOD 5,335.10
NIKKEI 225 (NIK/O) triple digit gain 132.11 points, EOD 10,868.41

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 669 declined stock prices 2,449, unchanged stock prices 70, stock prices hitting new highs 1 and stock prices hitting new lows 2. 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: GS shed 6.92, HOD 171.00, LOD 156.77, EOD 160.87; TSS shed 2.03, HOD 15.13, LOD 14.30, EOD 14.98; POT shed 0.70, HOD 116.70, LOD 112.31, EOD 112.64; FAS shed 6.13, HOD 84.73, LOD 76.20, EOD 77.34; RTP shed 16.14, HOD 223.57, LOD 211.21, EOD 212.98; STX gain 1.73, HOD 20.30, LOD 19.34, EOD 19.49; CME shed 18.97, HOD 330.67, LOD 305.85, EOD 311.02; ESI gain 6.09, HOD 110.08, LOD 102.75, EOD 104.00; PCP shed 5.95, HOD 111.13, LOD 106.65, EOD 107.35; FCX shed 7.24, HOD 82.90, LOD 76.00, EOD 76.28.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 701, declined stock prices 2,028, unchanged stock prices 111, stock prices hitting new highs n/a and stock prices hitting new lows 2. 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 shed 4.50, HOD 311.99, LOD 301.65, EOD 304.49; FFIV gain 1.60, HOD 56.19, LOD 53.07, EOD 54.61; GOOG gain 2.57, HOD 586.82, LOD 572.25, EOD 582.98; PLXS gain 4.09, HOD 33.34, LOD 30.35, EOD 33.07; EBAY gain 1.90, HOD 24.56, LOD 23.65, EOD 24.13; WGOV shed 1.92, HOD 28.84, LOD 26.83, EOD 27.02.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 165, declined stock prices 369, unchanged stock prices 31, stock prices hitting new highs 1 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) Mar 10: EOD 1112.00; Change -22.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,847.25; Change -19.75
E-mini DOW $5 (YM) Mar 10: EOD 10,338; Change -219
E-mini S&P MidCap 400 (MF) Mar 10: EOD 734.90; Change -10.20
Nikkei 225 (Yen) Mar 10: EOD 10,585; Change -70

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7096 U.S. Dollars 1.4093
Japanese Yen 90.4200 to U.S. Dollars 0.0111
British Pound 0.6174 to U.S. Dollars 1.6198
Canadian Dollar 1.0517 to U.S. Dollars 0.9508
Swiss Franc 1.0422 to U.S. Dollars 0.9595

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (March 10) shed $1.66, EOD $76.08 per barrel ($US per barrel)
Heating Oil (March 10) shed $0.04, EOD $2.00 a gallon ($US per gallon)
Natural Gas (March 10) gain $0.10, EOD $5.57 per million BTU ($US per mmbtu.)
Unleaded Gas (February 10) shed $0.06 EOD $1.98 gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 10) shed $9.60, EOD $1,103.00 ($US per Troy ounce)
Silver (March 10) shed $0.29, EOD $17.60 ($US per Troy ounce)
Platinum (April 10) shed $22.40, EOD $1,595.20 ($US per Troy ounce)
Copper (March 10) shed $0.05, EOD $3.31 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (April 10) shed $0.73, EOD $72.65
Pork Bellies (February 10) shed $0.05, EOD $89.00
Live Cattle (April 10) shed $0.63, EOD $90.50
Feeder Cattle (March 10) shed $0.50, EOD $99.38

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (march 10) gain $4.00, EOD $371.25
Soybeans (January 10) gain $4.00, EOD $954.00

BOND MARKET:
2 year EOD 100 10/32, change 3/32, Yield 0.83, Yield change -0.05
5 year EOD 101 8/32, change 10/32, Yield 2.35 Yield change -0.06
10 year EOD 98 5/32, change 14/32, Yield 3.59 Yield change -0.05
30 year EOD 97 27/32, change 16/32, Yield 4.49, change -0.04

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