JPMorgan Chase

Daily Market Commentary for April 14, 2010

JPMorgan Chase

JPMorgan Chase was the first of the big banks to report first quarter results, their profits were better than expected. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA [Mortgage Bankers Association] Mortgage Applications:
U.S. MBA Refinance Index fell 9.0% at 2,047.1; Last Week 2,250.6; U.S. MBA Purchase Index fell 10.5% at 218; Last Week 243.6; U.S. MBA Market Index fell 9.6% at 484.6; Last Week 536.3.

Core CPI (MoM):
U.S. Real Average Weekly Earnings rose 0.1% in March; US March CPI Energy Prices Unchanged; U.S. March CPI Food Prices rose 0.2%; U.S. March CPI Unrounded rose 0.063%; Core rose 0.039%; U.S. March CPI Excluding-Food & Energy Unchanged; Compared to Consensus of an increase by 0.1%; U.S. March Consumer Prices rose 0.1%; Compared to Consensus of an increase by 0.1%.

Retail Sales (MoM):
U.S. March Retail & Food Sales rose 1.6%; Compared to Consensus of an increase by 1.3%; February Retail & Food Sales Revised to rise 0.5% from an increase by 0.3%; U.S. March Retail & Food Sales Excluding-Autos rose 0.6%.

Business Inventories (MoM):
U.S. February Business Inventories rose 0.5%; was expected to rise 0.4%.

Crude Oil Inventories as reported from DOE [Department of Energy:
U.S. Refineries Ran at 85.59% capacity; was Seen 84.60%; U.S. Crude Oil Stocks fell 2.202 Million Barrels at 353.963 Million Barrels; U.S. Refineries Ran at 85.59% capacity versus 84.49% Week Ago; U.S. Distillate Stockpiles rose 1.107 Million Barrels in Week; was Seen increasing by 0.6 Million Barrels; U.S. Distillate Stockpiles rose 1.107 Million Barrels at 146.787 Million Barrels; U.S. Gasoline Stockpiles fell 1.036 Million Barrels in Week; was Seen decreasing by 0.7 Million Barrels; U.S. Gasoline Stockpiles fell 1.036 Million Barrels at 221.338 Million Barrels; U.S. Crude Oil Stockpiles fell 2.202 Million Barrels in Week; was Seen increasing by 1.1 Million Barrels.

Beige Book:
Districts report increased retail, vehicle sales; Tourism spending up in some districts; Service sector reports mixed; manufacturing up; Many report increased housing market activity; Commercial real estate 'very weak' in most places; Banking, finance mixed as loan volumes fall; Agricultural conditions mixed; Production, exploration up for metals, oil, wind; Labor market weak but some hiring evident; Wage pressures minimal or contained; Retail prices generally level; some input prices up.

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 103.24 points, EOD 11,122.66
NYSE (New York Stock Exchange) shed 90.09, EOD 7,728.44
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 37.58 points, EOD 2,503.57
S&P 500 (SPX) gain 13.29 points, EOD 1,210.59
BEL 20 (BEL20) gain 7.72 points, EOD 2,716.70
CAC 40 (CAC40) gain 25.71 points, EOD 4,057.70
FTSE100 (UKX100) gain 34.59 points, EOD 5,466.64
NIKKEI 225 (NIK/O) gain 43.67, EOD 11,204.90

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,379, declined stock prices 753, unchanged stock prices 82, stock prices hitting new highs 602 and stock prices hitting new lows 10. 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: CME gain 9.27, HOD 319.76, LOD 309.35, EOD 319.47; POT shed 2.59, HOD 110.22, LOD 107.92, EOD 109.61; MON shed 2.02, HOD 67.97, LOD 65.18, EOD 65.73; GS gain 5.67, HOD 185.94, LOD 183.07, EOD 184.92; GWW shed 4.49, HOD 113.59, LOD 110.39, EOD 111.15; CSX gain 2.18, HOD 55.60, LOD 53.54, EOD 55.46; BMR gain 0.52, HOD 18.61, LOD 17.77, EOD 18.60.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,144, declined stock prices 600, unchanged stock prices 86, stock prices hitting new highs 375 and stock prices hitting new lows 8. 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: PCLN gain 7.66, HOD 265.65, LOD 156.04, EOD 265.26; WYNN shed 1.63, HOD 88.97, LOD 85.54, EOD 86.41; AAPL gain 3.26, HOD 245.81, LOD 244.07, EOD 245.69; ISRG gain 16.52, HOD 384.55, LOD 369.02, EOD 383.95; BIDU gain 11.00, HOD 639.60, LOD 630.00, EOD 637.66; INTC gain 0.75, HOD 23.69, LOD 23.27, EOD 23.52; LLTC gain 1.56, HOD 31.27, LOD 30.37, EOD 31.21; ASML shed 0.95, HOD 35.45, LOD 34.67, EOD 35.04.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 315, declined stock prices 188, unchanged stock prices 37, stock prices hitting new highs 38 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) Mar 10: EOD 1206.75; Change 13.75
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,026.25; Change 25.00
E-mini DOW $5 (YM) Mar 10: EOD 11,069; Change 106
E-mini S&P MidCap 400 (MF) Mar 10: EOD 829.10; Change 13.20
Nikkei 225 (Yen) Mar 10: EOD 11,285; Change 95

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7322 to U.S. Dollars 1.3700
Japanese Yen 93.2050 to U.S. Dollars 0.0107
British Pound 0.6464 to U.S. Dollars 1.5500
Canadian Dollar 0.9982 to U.S. Dollars 1.0000
Swiss Franc 1.0516 to U.S. Dollars 0.9508

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (May 10) gain $1.79, EOD $85.84 per barrel ($US per barrel)
Heating Oil (May 10) gain $0.02, EOD $2.24 a gallon ($US per gallon)
Natural Gas (May 10) gain $0.03, EOD $4.20 per million BTU ($US per mmbtu.)
Unleaded Gas (May 10) gain $0.02, EOD $2.33 gallon ($US per gallon)

Metals Markets - Comex:
Gold (May 10) gain $6.20, EOD $1,159.00 ($US per Troy ounce)
Silver (May 10) gain $0.16, EOD $18.40 ($US per Troy ounce)
Platinum (May 10) gain $18.40, EOD $1,730.20 ($US per Troy ounce)
Copper (May 10) gain $0.01, EOD $3.61 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (May 10) gain $0.67, EOD $77.62
Pork Bellies (May 10) shed $0.65, EOD $94.05
Live Cattle (May 10) shed $1.20, EOD $97.12
Feeder Cattle (May 10) shed $1.45, EOD $111.85

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 10) gain $5.50, EOD $358.00
Soybeans (May 10) gain $1.00, EOD $969.00

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