Wall Street Reform Bill

Daily Market Commentary for July 21, 2010

Wall Street Reform Bill

Today, President Obama signed the Wall Street reform bill into law. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA Mortgage Applications:
U.S. MBA Refinance Index rose 8.6% at 4,161.9; Last Week 3,831.2; U.S. MBA Purchase Index rose 3.4% at 168.9; Last Week 163.3; U.S. MBA Market Index rose 7.6% at 753.5; Last Week 700.3.

Crude Oil Inventories:
U.S. Refineries Ran at 91.5% capacity; Was Seen at 90.20% capacity; U.S. Refineries Ran at 91.5% capacity versus 90.5% capacity Week Ago; U.S. Distillate Stockpiles rose 3.935 Million Barrels in Week; Was Seen Increasing by 1.6 Million Barrels; U.S. Distillate Stockpiles rose 3.935 Million Barrels at 166.575 Million Barrels; U.S. Gasoline Stockpiles rose 1.118 Million Barrels in Week; Was Seen Increasing by 0.7 Million Barrels; U.S. Gasoline Stockpiles rose 1.118 Million Barrels at 222.154 Million Barrels; U.S. Crude Oil Stockpiles rose 0.36 Million Barrels in Week; Was Seen Decreasing by 1.3 Million Barrels; U.S. Crude Oil Stockpiles rose 0.36 Million Barrels at 353.456 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 109.43 points, EOD 10,120.53
NYSE (New York Stock Exchange) shed 88.94, EOD 6,731.10
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 36.53 points, EOD 2,185.96
S&P 500 (SPX) shed 13.97 points, EOD 1,069.51
BEL 20 (BEL20) gain 34.59 points, EOD 2,451.93
CAC 40 (CAC40) gain 25.9 points, EOD 3,493.92
FTSE100 (UKX100) gain 75.18 points, EOD 5,214.64
NIKKEI 225 (NIK/O) shed 21.63 points, EOD 9,278.83

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,026, declined stock prices 2,066, unchanged stock prices 74, stock prices hitting new highs 145 and stock prices hitting new lows 29. 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: BP gain 0.93, HOD 36.65, LOD 35.67, EOD 36.13; BLK shed 5.93, HOD 150.99, LOD 141.01, EOD 143.43; CME shed 2.07, HOD 276.84, LOD 272.83, EOD 273.17; RIG shed 1.26, HOD 49.89, LOD 47.30, EOD 47.74; CYT gain 7.07, HOD 50.95, LOD 47.50, EOD 49.86; VMW gain 0.64, HOD 75.00, LOD 72.05, EOD 73.06.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 688, declined stock prices 1,983, unchanged stock prices 122, stock prices hitting new highs 26 and stock prices hitting new lows 55. 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: AAPL gain 2.71, HOD 265.15, LOD 254.00, EOD 254.60; CMTL shed 10.00, HOD 31.52, LOD 20.80, EOD 21.30; ISRG shed 9.99, HOD 329.94, LOD 314.00, EOD 316.10; BIDU shed 0.73, HOD 76.58, LOD 73.00, EOD 73.31; NTRS shed 2.16, HOD 50.15, LOD 46.98, EOD 47.16; GENZ gain 0.36, HOD 54.80, LOD 52.00, EOD 52.62; GILD shed 0.10, HOD 33.44, LOD 31.73, EOD 32.90.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 207, declined stock prices 283, unchanged stock prices 34, stock prices hitting new highs 15 and stock prices hitting new lows 10.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1064.75; Change -15.25
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,814.50; Change -25.25
E-mini DOW $5 (YM) Mar 10: EOD 10,059; Change -119
E-mini S&P MidCap 400 (MF) Mar 10: EOD 729.50; Change -10.70
Nikkei 225 (Yen) Mar 10: EOD 9,200; Change -180

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7834 to U.S. Dollars 1.2800
Japanese Yen 87.0050 to U.S. Dollars 0.0114
British Pound 0.6592 to U.S. Dollars 1.5200
Canadian Dollar 1.0484 to U.S. Dollars 0.9540
Swiss Franc 1.0509 to U.S. Dollars 0.9513

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (September 10) shed $1.02, EOD $76.56 per barrel ($US per barrel)
Heating Oil (August 10) shed $0.03, EOD $1.99 a gallon ($US per gallon)
Natural Gas (August 10) shed $0.07, EOD $4.51 per million BTU ($US per mmbtu.)
Unleaded Gas (August 10) shed $0.01, EOD $2.07 gallon ($US per gallon)

Metals Markets - Comex:
Gold (July 10) gain $0.10, EOD $1,191.60 ($US per Troy ounce)
Silver (July 10) gain $0.11, EOD $17.80 ($US per Troy ounce)
Platinum (July 10) gain $10.50, EOD $1,524.80 ($US per Troy ounce)
Copper (July 10) gain $0.08, EOD $3.09 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 10) gain $1.47, EOD $81.50
Pork Bellies (July 10) gain $3.00, EOD $111.50
Live Cattle (August 10) gain $0.37, EOD $93.50
Feeder Cattle (August 10) gain $0.17, EOD $114.65

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) gain $5.75, EOD $379.75
Soybeans (August 10) gain $3.50, EOD $1,015.25

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly Market News for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com