Second Quarter 2010

Daily Market Commentary for August 25, 2010

Second Quarter 2010

For the second quarter 2010, earnings were better than expected for most companies. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Refinance Index rose 5.7% at 4,944.7; Last Week 4,676.7; U.S. MBA Purchase Index rose 0.6% at 170.5; Last Week 169.4; U.S. MBA Market Index rose 4.9% at 870.3; Last Week 829.7.

Durable Goods Orders (MoM):
June Durable Goods Orders Revised to -0.1% from -1.2%; July Durable Goods Orders, Excluding-Defense, rose 0.3%; July Durable Goods Orders, Excluding-Transportation, fell 3.8%; U.S. July Durable Goods Orders rose 0.3%; Compared to Consensus of an increase by 2.8%.

New Home Sales:
U.S. New Home Sales Slump to Record Low in July; U.S. June New Home Sales Revised to 315K from 330K; U.S. July New Home Sales fell 12.4% to 276K; Compared to Consensus of 333K.

Crude Oil Inventories from DOE:
U.S. Refineries Ran at 87.7% capacity; Seen 89.40%; U.S. Refineries Ran at 87.7% capacity versus 90.0% capacity Week Ago; U.S. Distillate Stockpiles rose 1.763 Million Barrels in Week; Was Seen increasing by 0.9 Million Barrels; U.S. Distillate Stockpiles rose 1.763 Million Barrels at 175.974 Million Barrels; U.S. Gasoline Stockpiles rose 2.273 Million Barrels in Week; Was Seen decreasing by 0.5 Million Barrels; U.S. Gasoline Stockpiles rose 2.273 Million Barrels at 225.617 Million Barrels; U.S. Crude Oil Stockpiles rose 4.108 Million Barrels in Week; Was Seen decreasing by 0.2 Million Barrels; U.S. Crude Oil Stockpiles rose 4.108 Million Barrels at 358.282 Million Barrels.

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 19.53 points, EOD 10,059.98
NYSE (New York Stock Exchange) gain 15.06, EOD 6,696.09
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 18.74 points, EOD 2,142.50
S&P 500 (SPX) gain 3.89 points, EOD 1,055.76
BEL 20 (BEL20) shed 11.96 points, EOD 2,424.00
CAC 40 (CAC40) shed 40.92 points, EOD 3,450.19
FTSE100 (UKX100) shed 46.55 points, EOD 5,109.40
NIKKEI 225 (NIK/O) shed 149.75 points, EOD 8,845.39

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,872, declined stock prices 1,187, unchanged stock prices 108, stock prices hitting new highs 90 and stock prices hitting new lows 151. 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: PAY gain 1.93, HOD 25.04, LOD 22.77, EOD 24.35; CME gain 6.93, HOD 246.32, LOD 236.12, EOD 245.70; CRM shed 1.08, HOD 113.44, LOD 109.36, EOD 112.21; POT shed 3.68, HOD 147.50, LOD 144.65, EOD 145.43.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,698, declined stock prices 991, unchanged stock prices 101, stock prices hitting new highs 16 and stock prices hitting new lows 197. 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: OSIS gain 2.31, HOD 29.30, LOD 26.52, EOD 29.23; AAPL gain 2.96, HOD 243.99, LOD 237.20, EOD 242.89; PCLN gain 3.10, HOD 296.99, LOD 288.30, EOD 294.90; VECO gain 1.28, HOD 33.09, LOD 31.43, EOD 32.30; SOMX gain 0.97, HOD 5.48, LOD 4.22, EOD 4.34.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 252, declined stock prices 243, unchanged stock prices 31, stock prices hitting new highs 10 and stock prices hitting new lows 27.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1054.25; Change 4.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,792.00; Change 18.25
E-mini DOW $5 (YM) Mar 10: EOD 10,044; Change 21
Nikkei 225 (Yen) Mar 10: EOD 8,890; Change 40

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7902 to U.S. Dollars 1.2700
Japanese Yen 84.8050 to U.S. Dollars 0.0117
British Pound 0.6473 to U.S. Dollars 1.5400
Canadian Dollar 1.0600 to U.S. Dollars 0.9436
Swiss Franc 1.0305 to U.S. Dollars 0.9703

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 10) gain $0.89, EOD $72.52 per barrel ($US per barrel)
Heating Oil (September 10) gain $0.03, EOD $1.97 a gallon ($US per gallon)
Natural Gas (September 10) shed $0.16, EOD $3.87 per million BTU ($US per mmbtu.)
Unleaded Gas (September 10) gain $0.01 EOD $1.86 gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 10) gain $7.70, EOD $1,239.50 ($US per Troy ounce)
Silver (August 10) gain $0.65, EOD $19.02 ($US per Troy ounce)
Platinum (August 10) gain $9.70, EOD $1,527.40 ($US per Troy ounce)
Copper (August 10) shed $0.02, EOD $3.21 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) shed $0.17, EOD $77.10
Pork Bellies (August 10) gain $1.50, EOD $144.00
Live Cattle (August 10) shed $0.87, EOD $98.60
Feeder Cattle (August 10) gain $0.15, EOD $114.75

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) shed $0.50, EOD $404.75
Soybeans (September 10) gain $0.50, EOD $1,000.00

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