Market Trends

Daily Market Commentary for July 29, 2008 from Millennium-Traders.Com

For rookies in these markets, it’s impossible to guess what the markets will do, one day to the next. Unless you have a crystal ball, any trader and day trader will merely, go with the flow of the markets and not try to go against the trend. (read more)

Hot Stock pick on the move today for day trading: United States Steel Corporation (NYSE: X) which soared higher on the day trading session posted a double digit gain for the stock price. Second quarter net income doubled, per U.S. Steel at $688 million or $5.65 per share compared to year ago income of $302 million and $2.54 a share. Analysts estimates were $5.9 billion and $3.91 earnings, per share. Gross margin rose from 15 percent to 18 percent. Reported income from U.S. Steel operations soared to $954 million from $391 million and sales jumped to $6.74 billion from $4.23 billion. U.S. Steel foresees earnings improvement during the third quarter which will be assisted by price increases. "We recorded the highest quarterly sales and net income in U.S. Steel's history during the second quarter as all three re******** segments posted record results," CEO John Surma wrote in a press release, adding that the company expects "another excellent quarter" for the period that ends September 30. Surma raised steel prices in June as demand has been booming around the globe. At the closing bell, U.S. Steel had a trading range for the day of 12 points with a gain of over 20 points with a closing price for the trading session of $165.76.

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 session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit gain of 267.30 points on the day to end the trading session at 11,398.38
NYSE (New York Stock Exchange) triple digit gain of 159.01 points to end the trading session at 8,419.20
NASDAQ gain of 55.40 points to end the trading session at 2,319.62
S&P 500 gain of 28.80 points to end the trading session at 1,263.17
FTSE All-World excluding - U.S. gain of 0.54 points to end the trading session at 223.08
FTSE RAFI 1000 triple digit gain of 131.67 points to end the trading session at 4,942.14
BEL 20 (BEL20) loss of 8.6 points to end the trading session at 2,991.17
CAC 40 (CAC40) loss of 3.96 points to end the trading session at 4,320.49
FTSE100 (UKX100) gain of 6.6 points to end the trading session at 5,319.20
NIKKEI 225 (NIK/O) triple digit loss of 194.33 points on the day to end the trading session at 13,159.45

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 2,399; declined stock prices 780; unchanged stock prices 78; stock prices hitting new highs 19 stock prices hitting new lows 72.
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 Group Incorporated (NYSE: CME) stock price gained 22.20 points on the trading session, high on the trading session $374.18, low on the trading session $350.40 for a closing stock price at $373.50; Mosaic Company (NYSE: MOS) stock price shed 0.30 points on the trading session, high on the trading session $124.71, low on the trading session $117.52 for a closing stock price at $122.36; Rio Tinto plc (NYSE: RTP) stock price gained 7.08 points on the trading session, high on the trading session $420.24, low on the trading session $402.70 for a closing stock price at $409.76; Walter Industries Incorporated (NYSE: WLT) stock price gained 12.98 points on the trading session, high on the trading session $99.58, low on the trading session $90.04 for a closing stock price at $99.26; XTO Energy Incorporated (NYSE: XTO) stock price shed 2.06 points on the trading session, high on the trading session $47.93, low on the trading session $45.71 for a closing stock price at $46.05; Patriot Coal Corporation (NYSE: PCX) stock price shed 6.75 points on the trading session, high on the trading session $130.60, low on the trading session $122.00 for a closing stock price at $127.95; United States Steel Corporation (NYSE: X) stock price gained 20.43 points on the trading session, high on the trading session $169.48, low on the trading session $157.08 for a closing stock price at $165.76; Continental Resources (NYSE: CLR) stock price shed 7.94 points on the trading session, high on the trading session $61.51, low on the trading session $53.18 for a closing stock price at $55.78; AGCO Corporation (NYSE: AG) stock price gained 6.58 points on the trading session, high on the trading session $61.97, low on the trading session $56.40 for a closing stock price at $58.88; Whiting Petroleum Corporation (NYSE: WLL) stock price shed 4.53 points on the trading session, high on the trading session $88.75, low on the trading session $82.95 for a closing stock price at $84.60; Potash Corporation Saskatchewan (NYSE: POT) stock price gained 4.34 points on the trading session, high on the trading session $203.09, low on the trading session $195.26 for a closing stock price at $202.99; Monsanto Company (NYSE: MON) stock price gained 1.19 points on the trading session, high on the trading session $116.35, low on the trading session $113.40 for a closing stock price at $115.70; Kaydon Corporation (NYSE: KDN) stock price shed 7.64 points on the trading session, high on the trading session $51.90, low on the trading session $47.13 for a closing stock price at $48.31; CONSOL Energy Incorporated (NYSE: CNX) stock price shed 0.88 points on the trading session, high on the trading session $85.69, low on the trading session $78.00 for a closing stock price at $81.50; Petroleo Brasileiro SA (NYSE: PBR) stock price gained 0.39 points on the trading session, high on the trading session $54.44 low on the trading session $52.84 for a closing stock price at $54.00; ULTRASHORT Financial Corporation (NYSE: SKF) stock price shed 18.47 points on the trading session, high on the trading session $144.62, low on the trading session $123.32 for a closing stock price at $123.69; Mechel OAO (NYSE: MTL) stock price shed 0.89 points on the trading session, high on the trading session $19.70, low on the trading session $16.73 for a closing stock price at $18.61; MasterCard Incorporated (NYSE: MA) stock price gained 8.40 points on the trading session, high on the trading session $263.53, low on the trading session $255.03 for a closing stock price at $262.10.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 2,030; declined stock prices 878; unchanged stock prices 123; stock prices hitting new highs 29; stock prices hitting new lows 75.
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: Zoran Corporation (NasdaqGS: ZRAN) stock price shed 1.44 points on the trading session, high on the trading session $8.74, low on the trading session $7.92 for a closing stock price at $8.15; Cognex Corporation (NasdaqGS: CGNX) stock price shed 4.15 points on the trading session, high on the trading session $18.71, low on the trading session $16.57 for a closing stock price at $17.78; Google Incorporated (NasdaqGS: GOOG) stock price gained 5.99 points on the trading session, high on the trading session $487.26, low on the trading session $478.00 for a closing stock price at $483.11; First Solar Incorporated (NasdaqGS: FSLR) stock price gained 5.76 points on the trading session, high on the trading session $281.26, low on the trading session $261.79 for a closing stock price at $272.66; Sohu.com Incorporated (NasdaqGS: SOHU) stock price shed 3.34 points on the trading session, high on the trading session $79.11, low on the trading session $72.41 for a closing stock price at $75.26.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 680; declined stock prices 506; unchanged stock prices 102; stock prices hitting new highs 11; stock prices hitting new lows 45.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for September 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1,262.00, change 27.00
E-mini NASDAQ-100 (NQ) end of day price 1,843.25, change 29.50
E-mini S&P SmallCap 600 (SMP) end of day price 373.10, change 9.20
$5 DJIA (YM) end of day price 11,371, change 235

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.641 to U.S. Dollars 1.5601
Japanese Yen 108.15 to U.S. Dollars 0.0092
British Pound 0.5048 to U.S. Dollars 1.9809
Canadian Dollar 1.0269 to U.S. Dollars 0.9738
Swiss Franc 1.0445 to U.S. Dollars 0.9574

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $2.54 on the day for a closing price of the range of $122.19 a gallon ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.09 on the day for a closing price of $3.50 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.07 on the day for a closing price of $9.13 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.06 on the day for a closing price of $3.01 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) shed $11.40 on the day for a closing price of $926.40 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.09 on the day for a closing price of $17.38 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $31.30 on the day for a closing price of $1,745.40 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.02 on the day for a closing price of $3.59 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 1.10 on the day for a closing price of 72.30
Pork Bellies (Chicago Mercantile Exchange: CME) shed 0.40 on the day for a closing price of 72.05
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.80 on the day for a closing price of 105.60
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 1.55 on the day for a closing price of 112.65

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 12.25 on the day for a closing price of 613.50
Soybeans (Chicago Board of Trade: CBT) shed 5.00 on the day for a closing price of 1,391.00

Bond Market:
2 year bond shed 4/32 on the day for a closing price of 100 6/32 with a Yield of 2.64, Yield Change +0.07
5 year bond shed 13/32 on the day for a closing price of 99 28/32 with a Yield of 3.39, Yield Change +0.08
10 year bond shed 21/32 on the day for a closing price of 98 21/32 with a Yield of 4.06, Yield Change +0.06
30 year bond shed 1 1/32 on the day for a closing price of 95 9/32 with a Yield of 4.64, Yield Change +0.04

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