Dollar Falls to Record Low, Market Gains

Daily Market Commentary for March 13, 2008 from Millennium-Traders.Com

At the closing bell on the Stock Exchange, here is how the major indices ended the session on the U.S. Markets:

DOW (Dow Jones Industrial Average) gain of 35.50 points on the day to end the session at 12,145.74

NYSE (New York Stock Exchange) gain of 45.93 points to end the session at 8,827.16

NASDAQ gain of 19.74 points for a close at 2,263.61

S&P 500 gain of 6.71 points for a close at 1,315.48

FTSE All-World ex-U.S. loss of 1.18 points to close at 236.45

FTSE RAFI 1000 gain of 12.87 points to close at 5,365.02

BEL 20 loss of 37.88 points to close at 3,706.04

CAC 40 loss of 66.91 points to close at 4,630.19

FTSE100 loss of 84 points to close at 5,692.40

NIKKEI 225 loss of 427.7 points to close at 12,433.40

On the NYSE today, advancers came in at 1,749, decliners totaled 1,414; unchanged came in at 77; new highs came in at 1 and new lows came in at 0. Momentum NYSE stocks traded by active Day Traders today: Anixter International Incorporated (AXE) shed 4.41 points with a high on the day of $63.83, a low of $59.01 for a closing price at $61.87; Bunge Limited (BG) shed 2.98 points with a high on the day of $93.00, a low of $86.66 for a closing price at $91.97; Potash Corp. of Saskatchewan, Incorporated (POT) gained 5.61 points with a high on the day of $161.17, a low of $150.21 for a closing price at $160.40; Lehman Brothers Holdings Incorporated (LEH) gained 1.04 points with a high on the day of $46.71, a low of $41.61 for a closing price at $45.99; ICICI Bank Limited (IBN) shed 0.76 points with a high on the day of $42.48, a low of $40.11 for a closing price at $42.24; InterContinental Exchange, Incorporated (ICE) gained 4.69 points with a high on the day of $139.88, a low of $126.50 for a closing price at $138.28; EOG Resources, Incorporated (EOG) gained 8.03 points with a high on the day of $128.15, a low of $117.48 for a closing price at $126.96; LDK Solar Corporation Limited (LDK) gained 4.85 points with a high on the day of $25.54, a low of $19.64 for a closing price at $25.28; NVR Incorporated (NVR) gained 24.00 points with a high on the day of $572.59, a low of $525.00 for a closing price at $563.50; Rio Tinto plc (RTP) gained 12.86 points with a high on the day of $446.20, a low of $429.10 for a closing price at $446.20; Transocean, Incorporated (RIG) gained 1.88 points with a high on the day of $140.08, a low of $134.82 for a closing price at $139.30; CME Group, Incorporated (CME) gained 8.45 points with a high on the day of $509.73, a low of $477.73 for a closing price at $506.85; Petroleo Brasileiro (PBR) shed 2.51 points with a high on the day of $112.30, a low of $108.20 for a closing price at $111.87; The Bear Stearns Companies, Incorporated (BSC) shed 4.58 points with a high on the day of $58.60, a low of $50.48 for a closing price at $57.00; Humana Incorporated (HUM) gained 4.10 points with a high on the day of $46.40, a low of $41.15 for a closing price at $44.98.

On the NASDAQ today, advanced totaled 1,758; decliners totaled 1,28; unchanged came in at 132; new highs came in at 20 and new lows came in at 251. Momentum NASDAQ stocks traded by active Day Traders today: Intuitive Surgical, Incorporated (ISRG) gained 10.60 points with a high on the day of $286.28, a low of $265.25 for a closing price at $284.98; GeoEye, Incorporated (GEOY) shed 2.82 points with a high on the day of $33.31, a low of $29.50 for a closing price at $30.62; Aspect Medical Systems, Incorporated (ASPM) shed 4.63 points with a high on the day of $8.85, a low of $4.86 for a closing price at $5.64; Google Incorporated (GOOG) gained 2.83 points with a high on the day of $446.98, a low of $428.78 for a closing price at $443.01; Research In Motion Limited (RIMM) gained 4.26 points with a high on the day of $106.20, a low of $98.32 for a closing price at $105.65; Baidu.com, Incorporated (BIDU) shed 5.55 points with a high on the day of $273.90, a low of $257.85 for a closing price at $268.09; First Solar, Incorporated (FSLR) gained 1.41 points with a high on the day of $210.27, a low of $193.84 for a closing price at $207.29.

U.S. January Business Inventories rose 0.8% compared to expectations of an increase by 0.7%.

U.S. Jobless Claims for week of March 8 remained Unchanged at 353K compared to survey of an increase by 9K; U.S. Continuing Claims for week of March 1 rose 7K to 2,835,000; U.S. Continuing Claims highest since September 2005.

U.S. February Retail & Food Sales fell 0.6% compared to Consensus of an increase by 0.1%; U.S. February Retail & Food Sales Excluding Autos fell 0.2%; January Retail & Food Sales Revised to an increase by 0.4% from an increase by 0.3%.

U.S. February Petroleum Import Prices fell 1.5%; U.S. February Import Prices rose 0.2% compared to Consensus of an increase by 0.8%; U.S. February Non-Petroleum Import Prices rose 0.6%; U.S. Import Prices Excluding Petroleum Increased 4.5% on the year making it the highest since 1995.

Commodities Markets
The trend was mostly higher across the board today for the Energy Sector: Light crude moved higher today by $0.41 to close at $110.33 a barrel; Heating Oil moved higher today by $0.07 to close at $3.04 a gallon; Natural Gas moved higher today by $0.23 to close at $10.31 per million BTU and Unleaded Gas moved lower today by $0.05 to close at $2.68 a gallon.

Metals Markets ended the session mostly higher across the board today: Gold moved nicely higher today by $13.30 to close at $993.80 a Troy ounce; Silver moved higher today by $0.44 to close at $20.43 per Troy ounce; Platinum moved sharply higher today by $27.50 to close at $2,097.50 per Troy ounce and Copper closed lower by $0.01 to close at $3.83 per pound.

On the Livestock and Meat Markets, the trend was lower across the board today: Lean Hogs ended the day lower by $0.55 to close at $57.20; Pork Bellies ended the day lower by $0.70 to close at $80.80; Live Cattle ended the day lower by $1.05 to close at $90.98 and Feeder Cattle ended the day lower by $1.03 to close at $104.68.

Other Commodities: Corn ended the day higher by $2.25 at $569.50 and Soybeans ended the day higher by $7.75 to end the session at $1,402.75.

Bonds were mostly lower across the board today: 2 year bond closed higher by 1/32 at 100 24/32; 5 year bond moved lower by 4/32 to close at 101 5/32 today; 10 year bond moved lower by 15/32 to close at 99 24/32 and the 30 year bond moved lower by 22/32 to close at 98 24/32 on the day.

The e-mini Dow ended the session today at 12,160 with a gain of 36 points on the trading session. The total Dow Exchange Volume for the day came in at 215,447 which are comprised of Electronic, Open Auction and Cash Exchange. Traders should review workshops available at the CBOT (Chicago Board of Trade) Educational in-person seminars schedules available on CBOT (Chicago Board of Trade) website.

The end of day results for the CBOT (Chicago Board of Trade) which is comprised of the total Exchange Volume for Futures and Options (EVFO) including Electronic, Open Auction and Cash Exchange ended the day at 4,253,229; Open Interest for Futures moved lower by 68,432 points to close at 9,754,100; the Open Interest for Options moved higher by 132,652 points to close at 8,215,942 and the Cleared Only moved lower by 3 points to close at 28,123 for a total Open Interest on the day of 17,998,165 for a total Change on the day with a gain of 64,217 points.

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