Recent Home sales

Daily Market Commentary for August 24, 2010

Recent Home Sales

Recent home sales have fallen to the lowest level seen in fifteen years. (Read more at Millennium-Traders.Com)

Economic data released today:

Redbook:
U.S. Retail Sales rose 2.6% Week End August 21 versus Year Ago; U.S. Retail Sales First 3 Weeks August rose 2.7% versus August Year-Ago; Retail Sales First 3 Weeks August rose 1.0% versus July.

Existing Home Sales:
U.S. July Median Existing Home Price rose 0.7% on Year to $182,600; U.S. Inventory of Unsold U.S. Homes at 12.5 Months Supply; U.S. July Existing Home Sales Consensus 4.60M Rate; U.S. July Existing Home Sales fell 27.2% to 3.83M Rate.

Richmond Fed:
August Services Revenues Index -10 versus July 8; August Retail Revenues Index -8 versus July 0; August Manufacturing Index 11 versus July 16; August manufacturing Shipments Index 11 versus July 22.

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 133.73 points, EOD 10,040.68
NYSE (New York Stock Exchange) shed 103.67, EOD 6,681.30
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 35.64 points, EOD 2,123.99
S&P 500 (SPX) shed 16.12 points, EOD 1,051.24
BEL 20 (BEL20) shed 33.12 points, EOD 2,435.96
CAC 40 (CAC40) shed 62.12 points, EOD 3,491.11
FTSE100 (UKX100) shed 78.89 points, EOD 5,155.95
NIKKEI 225 (NIK/O) shed 121.55 points, EOD 8,995.14

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 751, declined stock prices 2,330, unchanged stock prices 88, stock prices hitting new highs 100 and stock prices hitting new lows 172. 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: POT shed 1.27, HOD 151.12, LOD 148.01, EOD 148.93; IOC shed 4.77, HOD 59.96, LOD 56.23, EOD 56.66; CME gain 1.18, HOD 240.18, LOD 234.50, EOD 239.03; CRM gain 1.27, HOD 114.15, LOD 108.35, EOD 113.55; TSL gain 1.20, HOD 24.24, LOD 21.34, EOD 23.61; BKS shed 0.30, HOD 14.88, LOD 14.20, EOD 14.70; BKC gain 0.22, HOD 16.94, LOD 16.47, EOD 16.84.

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 115, stock prices hitting new highs 21 and stock prices hitting new lows 253. 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 shed 5.72, HOD 243.00, LOD 238.65, EOD 240.08; FMCN gain 0.40, HOD 19.49, LOD 18.21, EOD 18.94; AVII gain 0.05, HOD 2.20, LOD 2.00, EOD 2.08; PCLN shed 7.89, HOD 296.11, LOD 290.00, EOD 291.93; NFLX shed 5.62, HOD 125.65, LOD 121.04, EOD 121.28; STRA shed 1.65, HOD 176.98, LOD 161.14, EOD 161.42; APOL gain 0.10, HOD 43.50, LOD 41.11, EOD 41.46; SAFM shed 1.12, HOD 46.07, LOD 44.46, EOD 44.68.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 146, declined stock prices 323, unchanged stock prices 35, stock prices hitting new highs 10 and stock prices hitting new lows 21.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 10: EOD 1050.00; Change -15.50
E-mini NASDAQ-100 (NQ) Mar 10: EOD 1,775.00; Change -34.50
E-mini DOW $5 (YM) Mar 10: EOD 10,023; Change -134
Nikkei 225 (Yen) Mar 10: EOD 8,840; Change -205

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7887 to U.S. Dollars 1.2700
Japanese Yen 84.1750 to U.S. Dollars 0.0118
British Pound 0.6479 to U.S. Dollars 1.5400
Canadian Dollar 1.0603 to U.S. Dollars 0.9438
Swiss Franc 1.0301 to U.S. Dollars 0.9707

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (October 10) shed $1.47, EOD $71.63 per barrel ($US per barrel)
Heating Oil (September 10) shed $0.01, EOD $1.94 a gallon ($US per gallon)
Natural Gas (September 10) shed $0.02, EOD $4.04 per million BTU ($US per mmbtu.)
Unleaded Gas (September 10) shed $0.03 EOD $1.85 gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 10) gain $4.90, EOD $1,231.80 ($US per Troy ounce)
Silver (August 10) gain $0.38, EOD $18.37 ($US per Troy ounce)
Platinum (August 10) gain $9.10, EOD $1,517.70 ($US per Troy ounce)
Copper (August 10) shed $0.05, EOD $3.24 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (October 10) shed $0.77, EOD $77.45
Pork Bellies (August 10) unchanged, EOD $142.50
Live Cattle (August 10) shed $0.27, EOD $99.45
Feeder Cattle (August 10) shed $0.15, EOD $114.60

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (September 10) shed $12.00, EOD $405.25
Soybeans (September 10) shed $7.50, EOD $999.50

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