New Home Sales

Daily Market Commentary for March 23, 2011

New Home Sales

Stocks were falling again today after the Commerce Department gave their report on new home sales in February. (Read more at http://www.millennium-traders.com/news/NewHomeSEconomic data released today:

MBA Mortgage Applications:
U.S. MBA Market Index rose 2.7% at 524.4; Last Week 510.7; U.S. MBA Purchase Index rose 2.7% at 191.7; Last Week 186.6; U.S. MBA Refinance Index rose 2.7% at 2,471.2; Last Week 2,406.3.

New Home Sales:
February Median Sales Price Drops to Lowest in Seven Years; U.S. January New Home Sales Revised to 301K from 284K; February New Home Sales Fall to Record Low.

Crude Oil Inventories from DOE:
U.S. Refineries Ran at 84.1% capacity; was Seen at 83.40% capacity; U.S. Refineries Ran at 84.1% capacity versus 83.4% capacity a Week Ago; U.S. Distillate Stockpiles rose 0.007 Million Barrels in Week; was Seen decreasing by 1.4 Million Barrels; U.S. Distillate Stockpiles rose 0.007 Million Barrels at 152.615 Million Barrels; U.S. Gasoline Stockpiles fell 5.32 Million Barrels in Week; was Seen decreasing by 2 Million Barrels; U.S. Gasoline Stockpiles fell 5.32 Million Barrels at 219.72 Million Barrels; U.S. Crude Oil Stockpiles rose 2.131 Million Barrels in Week; was Seen increasing by 1.7 Million Barrels; U.S. Crude Oil Stockpiles rose 2.131 Million Barrels at 352.767 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 67.47 points, EOD 12,086.10
NYSE (New York Stock Exchange) unchanged, EOD 8,413.05
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 16.7 points, EOD 2,700.57
S&P 500 (SPX) gain 4.85 points, EOD 1,298.62
BEL 20 (BEL20) gain 20.40 points, EOD 2,630.60
CAC 40 (CAC40) gain 21.02 points, EOD 3,913.73
FTSE100 (UKX100) gain 33.17 points, EOD 5,795.88
NIKKEI 225 (NIK/O) shed 158.85 points, EOD 9,449.47

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,724, declined stock prices 1,334, unchanged stock prices 103, stock prices hitting new highs 92 and stock prices hitting new lows 26. 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: SI shed 0.14, HOD 129.98, LOD 127.44, EOD 129.81; CF gain 2.99, HOD 126.07, LOD 120.01, EOD 125.55; EOG gain 0.31, HOD 113.89, LOD 112.00, EOD 113.67; CRM gain 0.59, HOD 122.82, LOD 119.01, EOD 122.08; IOC shed 3.14, HOD 76.35, LOD 72.53, EOD 74.24; CME gain 8.30, HOD 300.92, LOD 288.87, EOD 299.22.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,411, declined stock prices 1,242, unchanged stock prices 99, stock prices hitting new highs 71 and stock prices hitting new lows 40. 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: NFLX gain 7.52, HOD 230.00, LOD 218.61, EOD 228.91; CREE shed 6.05, HOD 46.36, LOD 42.76, EOD 42.95; XOMA shed 1.49, HOD 3.68, LOD 3.30, EOD 3.53; PLCE gain 1.64, HOD 48.86, LOD 47.02, EOD 48.69; AAPL shed 2.04, HOD 340.22, LOD 335.95, EOD 339.16; APKT gain 2.01, HOD 67.63, LOD 63.17, EOD 66.98; FFIV gain 4.00, HOD 96.42, LOD 91.86, EOD 95.67; BIDU gain 5.49, HOD 133.97, LOD 126.01, EOD 132.58.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 279, declined stock prices 194, unchanged stock prices 35, stock prices hitting new highs 11 and stock prices hitting new lows 5.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1293.75; Change 5.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 2,270.00; Change 12.75
E-mini DOW $5 (YM) Mar 10: EOD 12,035; Change 80
Nikkei 225 (Yen) Mar 10: EOD 9420; Change -125

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7079 to U.S. Dollars 1.41
Japanese Yen 80.9050 to U.S. Dollars 0.0124
British Pound 0.6153 to U.S. Dollars 1.6300
Canadian Dollar 0.9802 to U.S. Dollars 1.02
Swiss Franc 0.9081 to U.S. Dollars 1.10

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (April 11) gain $0.78, EOD $105.75 per barrel ($US per barrel)
Heating Oil (April 11) shed $0.02, EOD $3.06 a gallon ($US per gallon)
Natural Gas (April 11) gain $0.08, EOD $4.34 per million BTU ($US per mmbtu.)
Unleaded Gas (April 11) gain $0.01, EOD $3.02 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (April 11) gain $10.40, EOD $1,438.00 ($US per Troy ounce)
Silver (May 11) gain $0.92, EOD $37.20 ($US per Troy ounce)
Platinum (April 11) gain $20.60, EOD $1,760.00 ($US per Troy ounce)
Copper (May 11) gain $0.11, EOD $4.43 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 11) shed $0.95, EOD $100.50
Pork Bellies (March 11) gain $3.00, EOD $120.00
Live Cattle (June 11) shed $0.55, EOD $113.00
Feeder Cattle (August 11) shed $0.30, EOD $134.88

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (May 11) shed $5.75, EOD $681.00
Soybeans (May 11) shed $14.25, EOD $1,351.25

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