Housing Starts

Daily Market Commentary for November 17, 2010

Housing Starts

New government reports show housing starts fell to an 18 month low in October. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index fell 14.4% at 713.6; Last Week 833.3; U.S. MBA Purchase Index fell 5.0% at 179.2; Last Week 188.7; U.S. MBA Refinance Index fell 16.5% at 3,831.0; Last Week 4,587.7.

Building Permits (MoM):
Building Permits rose 0.5% to 550K Rate in October.

Housing Starts (MoM):
September Housing Starts Revised to -4.2% from +0.3%; U.S. October Housing Starts fell 11.7% to 519K; Compared to Consensus of a decrease by 1.6%.

CPI (MoM):
U.S. October Annual Core CPI Hits 0.6%, Lowest Level on Record; U.S. Real Average Weekly Earnings rose 0.3% in October; U.S. October CPI Energy Prices rose 2.6%; Food Prices rose 0.1%; U.S. October CPI Ex-Food & Energy Unchanged; Compared to Consensus of an increase by 0.1%; U.S. October CPI Unrounded rose 0.232%; Core fell 0.007%; U.S. October Consumer Prices rose 0.2%; Compared to Consensus of an increase by 0.3%.

Crude Oil Inventories as released by DOE:
U.S. Refineries Ran at 84.0% capacity; was Seen at 82.80% capacity; U.S. Refineries Ran at 84.0% capacity versus 82.4% capacity Week Ago; U.S. Distillate Stockpiles fell 1.11 Million Barrels in Week; was Seen decreasing by 2.2 Million Barrels; U.S. Distillate Stockpiles fell 1.11 Million Barrels at 158.792 Million Barrels; U.S. Gasoline Stockpiles fell 2.657 Million Barrels in Week; was Seen decreasing by 0.6 Million Barrels; U.S. Crude Oil Stockpiles fell 7.286 Million Barrels in Week; was Seen decreasing by 0.1 Million Barrels; U.S. Crude Oil Stockpiles fell 7.286 Million Barrels at 357.596 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) shed 15.62 points, EOD 11,007.88
NYSE (New York Stock Exchange) gain 16.17, EOD 7,488.80
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 6.4 points, EOD 2,476.24
S&P 500 (SPX) gain 0.18 points, EOD 1,178.52
BEL 20 (BEL20) gain 16.8 points, EOD 2,624.86
CAC 40 (CAC40) gain 29.88 points, EOD 3,792.35
FTSE100 (UKX100) gain 10.66 points, EOD 5,692.56
NIKKEI 225 (NIK/O) gain 14.56 points, EOD 9,811.66

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,875, declined stock prices 1,180, unchanged stock prices 92, stock prices hitting new highs 23 and stock prices hitting new lows 24. 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: AGQ gain 0.95, HOD 114.58, LOD 110.37, EOD 111.76; TGT gain 2.06, HOD 55.85, LOD 54.75, EOD 55.60; LVS shed 1.25, HOD 46.58, LOD 44.22, EOD 44.93; MA gain 1.37, HOD 239.05, LOD N/A, EOD 234.35; CF gain 1.98, HOD 118.20, LOD 113.83, EOD 116.49; CME gain 4.55, HOD 291.87, LOD 282.26, EOD 291.29; ESI gain 0.08, HOD 63.83, LOD 61.47, EOD 62.14; CRM shed 0.89, HOD 112.66, LOD 109.49, EOD 110.13.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,390, declined stock prices 1,272, unchanged stock prices 131, stock prices hitting new highs 45 and stock prices hitting new lows 54. 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: HGSI shed 1.34, HOD 26.43, LOD 23.69, EOD 24.57; SINA gain 3.35, HOD 61.73, LOD 56.25, EOD 60.32; FFIV shed 0.94, HOD 118.90, LOD 112.10, EOD 115.01; FSLR shed 7.86, HOD 129.25, LOD 122.51, EOD 122.83; NFLX gain 1.30, HOD 168.51, LOD 164.02, EOD 166.70; NTAP shed 3.44, HOD 54.78, LOD 48.60, EOD 49.25; PCLN gain 5.68, HOD 408.40, LOD 395.79, EOD 404.68; AAPL shed 1.09, HOD 303.99, LOD 297.76, EOD 300.50.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 303, declined stock prices 187, unchanged stock prices 30, stock prices hitting new highs 8 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1177.75; Change 3.00
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,099.00; Change 8.25
E-mini DOW $5 (YM) Mar 10: EOD 10,996; Change 12
Nikkei 225 (Yen) Mar 10: EOD 9,835; Change 145

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7397 to U.S. Dollars 1.3500
Japanese Yen 83.3150 to U.S. Dollars 0.0120
British Pound 0.6291 to U.S. Dollars 1.5900
Canadian Dollar 1.0238 to U.S. Dollars 0.9764
Swiss Franc 0.9926 to U.S. Dollars 1.01

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 10) shed $1.90, EOD $80.44 per barrel ($US per barrel)
Heating Oil (December 10) shed $0.05, EOD $2.25 a gallon ($US per gallon)
Natural Gas (December 10) gain $0.21, EOD $4.03 per million BTU ($US per mmbtu.)
Unleaded Gas (December 10) gain $0.00, EOD $2.16 gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 10) shed $1.50, EOD $1,336.90 ($US per Troy ounce)
Silver (December 10) gain $0.27, EOD $25.51 ($US per Troy ounce)
Platinum (January 11) shed $4.80, EOD $1,640.90 ($US per Troy ounce)
Copper (December 10) gain $0.00, EOD $3.73 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 11) gain $0.52, EOD $74.15
Pork Bellies (February 11) unchanged, EOD $104.50
Live Cattle (February 11) gain $0.50, EOD $102.60
Feeder Cattle (January 11) shed $0.12, EOD $114.73

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 11) shed $0.75, EOD $539.25
Soybeans (January 11) shed $14.75, EOD $1,205.00

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