Secretary of the Treasury

Daily Market Commentary for May 20, 2009

Wall Street was focused on comments from U. S. Secretary of the Treasury, Timothy Geithner before the Senate Banking Committee today. (read more at Millennium-Traders.Com)

Economic data released today:

Crude Oil Inventories as reported by the Department of Energy:
U.S. Crude Oil Stockpiles fell by 2.105 Million Barrels at 368.524 Million Barrels; U.S. Gasoline Stockpiles fell by 4.337 Million Barrels at 203.954 Million Barrels; U.S. Distillate Stockpiles rose by 0.672 Million Barrels at 148.127 Million Barrels; U.S. Refineries ran at 81.8% versus 83.7% a week ago; U.S. Crude Oil Stockpiles fell by 2.1 Million Barrels in the week compared to expectations of a drop by 700,000 Million Barrels; U.S. Gasoline Stockpiles fell 4.4 Million Barrels in the week compared to expectations of a drop by 1.2 Million Barrels; U.S. Distillate Stockpiles increased by 672,000 Barrels in the week compared to expectations of an increase by 700,000 Barrels; U.S. Refineries ran at 81.8% capacity compared to expectations of an increase by 0.3 points at 84.0%.

FOMC Meeting Minutes:
Reluctant to disclose names of fed facility users; housing may be nearing trough; home price drop slowing; financial conditions stronger; confidence up; tentative signs that pace of contraction waning; deflation risk has diminished; unemployment rate to be above 9% through 2010; downgrades econ forecasts through 2011 from January; Fed may need to buy more Treasury's, MBS.

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) loss 52.81 points, EOD 8,422.04
NYSE (New York Stock Exchange) loss 1.83 points, EOD 5,870.39
National Association of Securities Dealers Automated Quotations (NASDAQ) loss 6.70 points, EOD 1,727.84
S&P 500 (SPX) loss 4.66 points, EOD 903.47
BEL 20 (BEL20) gain 29.23 points, EOD 2,107.98
CAC 40 (CAC40) gain 28.41 points, EOD 3,303.37
FTSE100 (UKX100) shed 13.84 points, EOD 4,468.41
NIKKEI 225 (NIK/O) gain 54.35 points, EOD 9,344.64

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,702, declined stock prices 1,412, unchanged stock prices 59, stock prices hitting new highs 15 and stock prices hitting new lows 12. 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: DE: gain 0.51 points, HOD $47.50, LOD $44, EOD $44.33; DY: gain 1.35 points, HOD $10.18, LOD $8.82, EOD $9.82; ADI: gain 3.22 points, HOD $24.32, LOD $23.30, EOD $23.80; RTP: gain 6.74 points, HOD $181, LOD $174.21, EOD $175.13; BJ: shed 1.69 points, HOD $39.59, LOD $36.23, EOD $36.37; BAC: gain 0.24 points, HOD $12.24, LOD $11.21, EOD $11.49; MA: gain 2.90 points, HOD $176.49, LOD $168.16, EOD $169.63; SKF: gain 1.83 points, HOD $45.95, LOD $41.13, EOD $45.30; CME: gain 5.57 points, HOD $287.70, LOD $271.50, EOD $286.50; GS: shed 4.71 points, HOD $142.63, LOD $136.02, EOD $136.44; ICE: shed 5.77 points, HOD $106.01, LOD $97.75, EOD $98.31; POT: shed 0.25 points, HOD $118.32, LOD $113.65, EOD $114.23.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,283, declined stock prices 1,474 unchanged stock prices 141, stock prices hitting new highs 38 and stock prices hitting new lows 12. 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: FSLR: gain 12.65 points, HOD $205.43, LOD $193.01, EOD $202.35; PRGN: gain 1.17 points, HOD $6.24, LOD $5.57, EOD $5.91; BIDU: shed 0.22 points, HOD $254.79, LOD $244.21, EOD $246.75; UTHR: gain 1.90 points, HOD $67.71, LOD $64.91, EOD $66.41; EQIX: gain 1.99 points, HOD $72.50, LOD $68.86, EOD $70.99; ITRI: gain 2.02 points, HOD $59.22, LOD $56.72, EOD $58.44.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 328, declined stock prices 228, unchanged stock prices 47, stock prices hitting new highs 7 and stock prices hitting new lows n/a.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 901.50; Change -5
E-mini NASDAQ-100 (NQ) June 09: EOD 1,394; Change 0
E-mini DOW $5 (YM) June 09: EOD 8,402; Change -47
E-mini S&P MidCap 400 (MF) June 09: EOD 563.40; Change -4.10
Nikkei 225 (Yen) June 09; EOD 9,305; Change -25

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7261 to U.S. Dollars 1.3773
Japanese Yen 94.71 to U.S. Dollars 0.0106
British Pound 0.6350 to U.S. Dollars 1.5747
Canadian Dollar 1.1408 to U.S. Dollars 0.8766
Swiss Franc 1.1001 to U.S. Dollars 0.9090

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (July 09) gain $1.94, EOD $62.04 per barrel ($US per barrel)
Heating Oil (July 09) gain $0.05, EOD $1.56 a gallon ($US per gallon)
Natural Gas (July 09) gain $0.07, EOD $4.10 per million BTU ($US per mmbtu.)
Unleaded Gas (June 09) no change, EOD $1.81 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (June 09) gain $10.70, EOD $937.40 ($US per Troy ounce)
Silver (July 09) gain $0.16, EOD $14.28 ($US per Troy ounce)
Platinum (July 09) gain $0.30, EOD $1,145.40 ($US per Troy ounce)
Copper (July 09) gain $0.04, EOD $2.11 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (June 09) gain 0.35, EOD 68.45
Pork Bellies (July 09) shed 1.73 EOD 70.60
Live Cattle (June 09) gain 0.25, EOD 82.88
Feeder Cattle (August 09) gain 0.33, EOD 101.70

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) gain $0.25, EOD 426
Soybeans (July 09) gain $7, EOD 1,169

BOND MARKET:
2 year EOD 100 2/32, change 3/32, Yield 0.83, Yield change -0.05
5 year EOD 99 9/32, change 12/32, Yield 2.02, Yield change -0.08
10 year EOD 99 14/32, change 16/32, Yield 3.19, Yield change -0.05
30 year EOD 101 25/32, change 1 3/32, Yield 4.14, change -0.07

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